We believe that any relationship with your auditor should be a long-term partnership, so that you can build trust and confidence in the service that is being provided.
Whether you are required to have a statutory audit or you have chosen to have an audit for other reasons, we see it is an opportunity for you to better understand your business.
The work involved within an audit is a great opportunity for us to support you to review your wider business risks and potential opportunities. It can also highlight processes that need to be refined to ensure all records are kept accurate and up to date.
Our expert team will work with you to make sure your business is compliant with legislation and filing requirements, and help to strengthen your foundations so you can realise your full potential. We use our knowledge of your business to proactively identify areas that can improve the company’s tax position, as well as the financial and operational management.
We invest significant time at the start of our relationship and throughout, to build our knowledge of your business and the relationship we have with you. This ensures all audits are unique to the specific operational, financial, and regulatory risks.
Businesses above certain financial thresholds are required to have an audit, but smaller businesses may elect to have one. This can help if stakeholders are looking for extra assurance on the numbers or, alternatively, if your plans involve the requirement for accounts that have been subject to external review and assessment.
Our audit approach is based on quality assurance with a focus on communication, planning and efficiencies. We see it as a continuous process based on the strong relationships we form:
Understand: Your business, market, and environment
Assess: The impact and likelihood of risks
Control: Assess and test controls to manage risk
Agree: Formulate and agree audit approach
Report: On findings and financial statements