A firm has to be properly authorised to be a Registered Auditor. Registered Auditors are regulated by the professional bodies and have to adhere to rigorous standards. The audit report attached to the accounts of a company should mean that the accounts show a true and fair view. Tax is a necessary imposition which affects everyone. Businesses and companies have to cope with tax on sales and on purchases, tax on profits, tax on pay, tax on dividends and tax on assets sold. The person in the street ends up paying Value Added Tax on virtually everything, which is after paying Income Tax, and National Insurance, on their income.
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