Guernsey:
Company Law In Guernsey - Accounts And Audit
26 February 1999
KPMG
To print this article, all you need is to be registered or login on Mondaq.com.
There are no statutory requirements regulating the form and content of accounts, apart from certain regulations covering accounts for banks, mutual funds and insurance companies, but in practice the layout is similar to accounts prepared in the UK. UK Statements of Standard Accounting Practice, Financial Reporting Standards and International Accounting Standards are observed by the accountancy profession in the Island as referred to in the Guernsey Statements of Standard Accounting Practice.
An annual audit is required by law unless the company falls within the Companies (Exemption from Audit) Ordinance 1991. This Ordinance permits asset-owning and dormant companies to be exempt from audit under certain conditions.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
On 22 March 2024 the Luxembourg regulator (the CSSF) released its supervisory priorities in the area of sustainable finance, which are bringing a few insights on the Luxembourg's regulator's priorities in this area.
India commands the largest share of the world's shipbreaking industry but has justifiably been criticised for environmental degradation and lax compliance towards worker safety and health issues
The recent news of Financial Times Stock Exchange ("FTSE") 100 companies failing on credible climate transition plan has wider implications in the context of the current environmental...
The world is facing a climate emergency – that is an undisputable scientific fact. Climate change is no longer a distant threat, and its impacts are already being felt worldwide.
FREE News Alerts
Sign Up for our free News Alerts - All the latest articles on your chosen topics condensed into a free bi-weekly email.