Whether you are subject to statutory audit, regulatory reporting requirements or just want some assurance on a specific aspect of your operations, we offer assurance services to suit your business... Read more
Whether you are subject to statutory audit, regulatory reporting requirements or just want some assurance on a specific aspect of your operations, we offer assurance services to suit your business needs.
We make your annual audit as efficient as possible, agreeing timetables and deliverables and keeping in regular contact with you throughout. Our audit systems are automated and we make use of computer-assisted techniques to interrogate and analyse your data to focus on anomalies and risk areas. As part of our “no surprises” promise, we raise issues with you on a timely basis to make sure we have our facts straight and give you time to respond.
Changes in EU legislation mean the threshold for statutory audit is likely to rise significantly in the next couple of years. Will you be eligible for audit exemption? If you are growing it may only be a short term option, so is it worth it? Do you have external shareholders who regard the audit as an important part of good governance? Does your banking agreement specify audited accounts? Are you thinking of selling in the next few years so a history of audited accounts might mitigate the warranties you may be asked to give?
We can help you decide whether continuing with an audit is appropriate, but our audit skills mean we can also offer alternative forms of assurance. You might like to consider a targeted review of aspects of your systems or account balances, or a negative assurance report to give comfort over your annual accounts. We can also work with you to develop a limited scope report to address specific concerns for an identified third party.
We regularly provide other forms of assurance report, including grant claims, periodic reports to regulators (FCA, ABTA), industry rebates (e.g. bus service operator grants, renewable fuel transport certificates) and a variety of client money reports. If you need an independent opinion, we can help.