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With an increasing number of overseas companies choosing to branch out by setting up subsidiaries in the UK, the role of the accountant is becoming more complex than ever. As such, when Fish Partnership were called upon to carry out an audit for the UK subsidiary of world-wide leading veterinary solutions group, Idexx Laboratories, it became necessary for them to liaise with the firm's European head office.
Due to the delicate nature of the audit procedure, Fish Partnership travelled to the Idexx Laboratories European Headquarters, located in Holland, in order to provide a fully comprehensive assessment of the firm’s financial accounts and records.
Rene Pols, a team leader at Idexx Laboratories comments: "Obviously, due to the intricate nature of finances between subsidiary and parent companies, our audit procedure is very complex, as we have to ensure that we adhere to the different rules and regulations for both countries. Therefore it was extremely important for us to employ a company that possessed the in-house expertise to deal with this.
"Paul Laird and the team at Fish Partnership really took the time
to get to know the business and research the different national protocols,
in order to complete the audit as smoothly as possible. I would definitely
recommend them to any subsidiary firm in need of a specialised accountant."
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