UK companies over a certain size are required to have their annual accounts subject to statutory audit. In addition, many companies, though not required to have an audit, still find that it can provide valuable business information.
Audits are often required for certain charities and pension schemes whilst some professional bodies, such as The Law Society, require solicitors who hold clients’ money to submit their client accounting to an annual audit. We can help in all these areas.
Although business owners traditionally regard the annual audit as a cost centre – a necessary evil that adds no value to the business – we strive to transform it into a profit centre. Besides helping you meet your statutory requirements, we also take the opportunity to conduct a review of your financial and management systems.
This can often result in our identifying potential problem areas and recommending opportunities to improve your business performance. We discuss these problems and opportunities with you and help you implement any agreed solutions.