Though business owners traditionally regard the annual audit of financial statements as a necessary evil that adds no value to the business, we believe there is more to it than this.
While the main purpose of our audit work is to carry out the necessary tests to ensure that your financial statements comply with statutory requirements and present a true and fair view of the business, this includes the testing of your business’ systems and controls. Through this we often identify potential problem areas or where efficiencies can be made to improve your business. We discuss the problems and opportunities with you and help you implement any agreed solutions.
We see the preparation of your annual report as an opportunity to enhance your external image. A well-prepared report can have a considerable positive impact on the perceptions of investors, potential finance sources, customers, referral sources, and even your own staff - all of which greatly improves your business prospects for the future.
The majority of small businesses do not require a statutory audit of their financial statements, though there are some who do due to a variety of reasons, for example whether it be due to their involvement in a larger Group of companies, whether their bank requires it, or simply whether the owners of the business feel it is worthwhile.
If you are unsure whether your business needs an audit, please contact us.
Whatever the reason for needing an audit, we will undertake our work with a minimum of fuss and maximum efficiency and accuracy.
Require more information?
If you would like more information or would like to speak to us direct then call us on 020 8427 2757. Or if you would prefer, ask us a question online.