Audit and Accounting Services
Audited financial statements carry a higher degree of credibility as an independent opinion is given on true and fair view which can assist with raising finance the granting of credit and securing contracts. An audit has several advantages to not only the company but also its directors and shareholders as it safeguards against potential future problems. Together audit and other assurance support play a fundamental role in the management of an organisation. It provides comfort to third parties and facilitates effective decision making.
There are often value-enhancing savings by commissioning an audit even when one is not legally required. In addition to the obvious need to find and highlight material error and fraud, other principle benefits include:
1. Identify opportunities for tax planning.
2. Identify overpayments and savings on VAT
3. Ensuring the company is complying with its tax and regulatory legal duties.
4. Financial and business tips, e.g. sweeping – advising on how to get the most from cash balances. Monitoring of debtor and creditor days to ensure the efficient management of payment and collection.
5. Identify areas of personal tax savings for directors and shareholders.
We approach our audits from a ‘risk-based perspective, concentrating on those key areas that we have previously identified through our audit planning exercise and from our knowledge of the client. This keeps audit costs to a minimum, whilst adding value to the business.
Remember You can have a free initial consultation with us
please call us at 0208 532 92 05 or fill in short contact form.