Audits for UK subsidiaries and Cost-plus companies
Almost 50% of our clients have international parents.
Predominantly high technology and/or startup ventures, they operate as cost-plus subsidiary and companies registered in the UK. These have all been independently recommended to use us by an international own accountancy firm.
What do you need?
Your UK subsidiaries must comply with UK Generally Accepted Accounting Principles (UK GAAP), or International Financial Reporting Standards (IFRS) for financial reporting.
Accounting standards are set by The Financial Reporting Council (FRC), whilst the Companies Act lists requirements for annual financial statements, director responsibilities, and disclosure of information.
We trust that Byrd + Link will give us honest, valid, up-to-date advice. We have a very good, collaborative working relationship with them; very open and frank, with good two-way communication and feedback.
How we can help
Your audit provides reassurance across all UK subsidiary and cost-plus regulated activities including:
Companies Act: we ensure requirements for annual financial statements, director responsibilities, and disclosure of information are met.
Cost-plus and Transfer Pricing: we evidence that costs are allocated appropriately and at arm's length: for example, verifying that UK delivered services (such as employee wages) are legitimately charged back at a marginal rate to the parent entity, and that employment contracts and remuneration are compliant.
We have had the pleasure of working with Byrd + Link for the past three years and would certainly recommend them to other companies requiring an audit.
Their efficient approach enabled a high-quality audit to be undertaken, and their straight-talking communication and clear timescales gave comfort that our audit was in safe hands. We look forward to continuing to work with Byrd + Link in the future.