What is an Audit?
An audit’s primary objective is to provide an independent opinion on your annual accounts. It’s viewed by many as a necessary evil, but undertaking an audit can lead to significant benefits if approached in the right way.
An audit’s primary objective is to provide an independent opinion on your annual accounts. It’s viewed by many as a necessary evil, but undertaking an audit can lead to significant benefits if approached in the right way.
Our key deliverables typically include, reports to the audit committee on significant risks, the design and implementation of internal control over financial reporting, IT controls and IT audit reports on transactions and processes, analytical procedures designed to explain variances between actual and expected performance, reporting under International Standards on Auditing, review engagements, assurance engagements and related services.
An audit does not just provide confidence to the owner that a business is in good shape, it also offers assurance to third parties. An audit permits a business’s stakeholders, such as shareholders, banks, suppliers, customers and staff, to make better-informed decisions about its current performance and their subsequent relationship with it, providing additional comfort when deciding whether to invest in, provide finance to or trade with that business.
Let our team help yours – it’s what we do best.