Audit & Assurance

Audits are an important part of financial reporting, providing valuable and reliable information on which important financial decisions can be made.

Whether compulsory or voluntary, an audit is an opportunity to examine your business and identify ways to add value, to improve systems and procedures and to identify areas of risk. Our approach to your audit can transform what is often considered to be an unnecessary overhead into a valuable health check for your business. We identify and focus our attention on the critical issues. The use of analytical review procedures and modern sampling techniques ensures work is completed as efficiently as possible with minimum the amount of disruption.

The key to an effective audit is:

• getting to understand your business at an early stage
• reviewing your business processes and financial and management systems
• testing the effectiveness of those systems
• discussing any problems and opportunities with you
• helping you to implement agreed solutions

The audit process often identifies areas where further help may be required, including tax planning and compliance, such as benefits in kind or value added tax issues. We can bring in specialists from our team to review those areas and provide the appropriate advice accordingly. They can also help you:

• Review your profit and cash-flow projections to enable forward planning
• Assess your business performance against your competitors
• Advise on risk and crisis management
• Review your potential exposure to fraud

Our specialist audit team can help with:

• Statutory audits
• Internal audits
• Specialist audits such as solicitors, pension schemes, RICS
• Grant claim audits
• Charity audits