What does Group Auditor need to do if the sub doesn’t have the same year end as the group ? For both less than 3 months and more than 3 months..thank you so much..
The parent company directors shall secure as far as possible that the subsidiary year end is coterminous with that of the parent. If that is not possible – for example the subsidiary is required by local law to have a specified year end date – the subsidiary should prepare interim accounts up to the parent’s accounting reference date