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Audit and Assurance
We design our audits to try and make a difference.
In the majority of our audit clients we are reporting to entrepreneurs running their own businesses who often feel that the audit is an imposition. When designing our audit therefore we recognise that it is important for such clients to see some benefit arising which is why we try to take a closer look at the business during the course of the audit process in order to provide constructive and commercial feedback from which benefit can be taken.
Our audit process will therefore not only meet with the requirements of the legislation, but also look into real positive ways of improving the business systems and controls by drawing on experience gained from conducting similar reviews of other companies. This often results in us recommending ways that may improve performance and profitability.
Any such recommendations would be set out in a report that is provided as part of the audit process. For this reason many clients for whom an audit is not mandatory instruct us to carry out an audit or an assurance review. An assurance review is one that can be tailored to clients' specific needs at the end of which an accountants' report would be provided on their financial statements.
The benefits derived from reports done on a voluntary basis include:
- More credibility with the Revenue authorities
- Financial statements being more respected by financial institutions such as banks and credit reference agencies.
- They may assist in selling the company as they give more comfort to any potential purchaser.
- Assurance for shareholders not involved in the day to day management or added protection for management where there are outside shareholders.
So why not contact our team for a no obligation discussion to discover how our audit or assurance services can benefit you by providing your business positive input which may make a real difference.
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Roger Thompson's introduction to Audit and Assurance |
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For further details or to arrange a consultation, call Roger Thompson
Cleckheaton 01274 876333 | Keighley 01535 662511 | e: Audit@clough.co.uk
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