Financial Audit Services

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25 May
Why The Treasury’s Panic Over Debt, When Borrowing Costs Next To Nothing?
Even avid free-marketeers see that only state money can get growth going, but the chancellor […]
18 May
Debt Will Soar, The Government Must Just Stay Cool And Focus On Growth
UK debt soars; Some in the Treasury are panicking about a debt pile set to […]
11 May
Britain’s Job Retention Scheme Set To Be Extended To September
Job Retention Scheme extension till September for furloughed workers. Chancellor Rishi Saunak is ready to […]

Financial Audit Services

First of all business owners traditionally regard the annual financial audit services and preparation of annual accounts. Necessary evil that adds no value to the business and also strive to transform it into a profit centre.

Besides helping you meet the statutory requirements, we also take the opportunity to conduct a review of your financial and management systems. This can also often result in our identifying potential problem areas and recommending opportunities to improve your business performance. We discuss the problems and opportunities to help you to 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, prospect, referral sources, and even your own staff – all of which greatly improves your business prospects for the future.

A well-prepared report can have a considerable impact and adds value turning into Profit Centre which seems like the notion Cost Centre traditionally. Besides financial statements we also undertake a review of the management systems in identifying potential problem areas and recommendations to improve business performance.

The following Financial Audit Services and scope to review.

  • Interview the auditee about activities and areas of concern to be included in the scope of audit.
  • Identify the scope and purpose of the audit by specific systems, function or unit of the organization.
  • Internal review and reporting by collecting and identifying as audit evidence.
  • Reviewing the relevant audit documents and records determining their adequacy.
  • Identify and obtain departmental policies and guidelines for review.
  • Identify the regulatory compliance requirements.