Jersey:
Company Law In Jersey - Accounts And Audit
26 February 1999
KPMG
To print this article, all you need is to be registered or login on Mondaq.com.
Accounts are required to be prepared in accordance with generally accepted accounting principles and should show a true and fair view of the company's profit and loss and balance sheet. 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 Jersey Statements of Standard Accounting Practice.
There are statutory requirements for the audit of public companies, banks, investment schemes and scheme managers. Private companies do not have to be audited unless required by their Articles of Association or by a resolution of the members. The accounts of a public company are required to be completed within seven months of the year end and for a private company within ten months of the year end. A public company's accounts must be made available to the public and filed with the Registrar.
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.
For further information contact Jonathan G. Hooley on Tel (indirect line): + 44 (0) 1481 721000, Tel (direct line): +44 (0) 1481 719544, Fax: +44 (0) 1481 722373.
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.
ESG – Environmental, Social, and Governance – a term well known to most people in the investment arena these days, goes back to the year 2004 when a report entitled "Who Cares Wins" first made reference...
While glitter may be perfect for festive make-up and adds a bit of shine to our lives, these sparkles are extremely harmful to the environment. Regulations governing cosmetics in the European Union...
Les paillettes, idéales pour un make-up festif, voient leur éclat s'obscurcir dans l'Union Européenne. Si les paillettes ajoutent un peu d'éclat à notre vie, ces pépites scintillantes sont extrêmement...