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Adjustments to filed accounts

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marcusjames | 14:01 Mon 11th Dec 2006 | Business & Finance
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I have recently started working for a company and have discovered that there is an unsupported deferred tax balance on the recently filed statutory accounts.

I will have to inform management and make an adjustment.

Is this adjustment a problem and will it get a severe audit comment or are these adjustment a regular thing. It's not big numbers I'm just curious about whether the FD will hit the roof or be cool.

Thanks
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Why not discuss the issue with the FD first?

There may be good reasons why the balance is apparently unsupported, i.e., there may be a balancing transacation....

Adjustments are commonplace so far as companies house and HMCR are concerned, but be sure the FD is aware before you do anything

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