Audit and assurance

We are Registered Auditors under the Companies Acts

An audit provides reliable financial information to business owners enabling them to take decisive action. It also provides assurance for third parties such as banks and other creditors when making lending decisions and can form a useful part of other financial transactions such as buyouts and takeovers.

Our audit services include:

• Statutory audits under the Companies Act
• Statutory reports required under other regulations
• Solicitors Accounts Rules
• Other regulated audits for specific industries
• Pension Fund audits

There is great comfort to be gained from an independent and objective review of your financial systems: Weaknesses in your financial systems can lead to failings, so detecting them early allows you to take action to correct these issues before they have a detrimental impact on your business.

Although audits are diminishing as a result of increases in the criteria requiring them, there are nevertheless a large number of companies which still require an annual audit, and third party interests (banks or Government agencies for example) who may demand them.

In order to carry out effective audits, as well as examining our clients’ financial records, we also take time to understand our clients’ operations, the industries in which they operate and the economic events which have had an influence on them.

Our approach to the audit transforms what is often seen as an unnecessary overhead by many businesses, into a valuable annual health check for company directors.

In order to obtain and retain our Audit Registration, we have to demonstrate our ongoing commitment to rigourous quality and technical standards. The audits that we carry out comply with the professional standards issued by the Auditing Standards Board, the Financial Reporting Council and the Institute of Chartered Accountants in England and Wales.

10 Chartered Accountants take the responsibility of controlling our finances which allows me to spend more time on the restaurant floor and growing the business. They act as our finance department overseeing our accounts, payroll, payment run and year end, as well as strategic advice and consultancy. Nick, The Red Lion, East Haddon