An audit by definition is the independent examination of and opinion on the financial statements.

You may have read the various stages that financial records of a business go through to come into existence as financial statements. To summarise, they start with bookkeeping to maintain and organise the financial records and then accounting is performed to produce the financial statements. Auditing takes the financial statements one step further by adding an independent opinion by a registered auditor to them.

In recent times many companies no longer need to have an audit if they meet certain criteria, the main being if their turnover is less than £5.6 million among other things, that said, any company can opt to have an audit. However, having an audit is an extra cost burden, so you will find that most will try to avoid the audit unless there is good reason for one.

We are registered auditors, authorised by the Institute of Chartered Accountants in England and Wales and can therefore perform audits should you need or desire one.

We believe that in performing an audit, that apart from giving an opinion, we have a unique opportunity to conduct a comprehensive review of your financial and management systems. This can often result in our identifying potential problem areas and recommending opportunities to improve your business performance. We will 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, prospect, referral sources, and even your own staff - all of which could greatly improve your business prospects for the future.