When you need an Audit!
If you are a limited company and your turnover or Balance sheet is greater than the set limits, or the bank insist then, unfortunately, you need an Audit.
Doesn't seem very fair but it can also help you. It sounds like "spin" but at Caldwell & Braham, based out of Central London, we try and turn the audit process into a beneficial experience which adds value for our clients.
How do we achieve this!
If we already look after your books and prepare your accounts, then the Audit is a follow on part of the process and is, therefore, included in the annual fee. If we are purely Auditors, we turn the whole process into an opportunity to give the business a health check.
All members of the Audit Team have been put through training courses and are expected to be professional, polite and punctual at all times during the audit. Where possible, the same Team are used for subsequent audits giving our clients the opportunity to build a rapport and help reduce repetitive learning cycles that can often aggravate the client.
A full review is made of all controls, and advice given where they can be improved. Repetitive tasks are highlighted and current working practices are looked at with a view to help streamline the flow of information. Schedules are prepared of all key expenditure and common suppliers are reviewed to determine if they offer the best value. An evaluation is carried out on the current business system (manual or computerized) to determine if it meets current and anticipated demand.
Similar to our other services, our Audit process is entirely configurable to your own requirements. Apart from the basic legal responsibilities of the Audit, you determine the extent of the health check. For example, you may choose to focus our energies on one particular area of the business each year and move on to the next once you are satisfied that part of the business is sound.
The End result!
At the end of the audit, you should feel as if it was a worthwhile exercise, and the legal requirements, gave you an ideal opportunity to expand the scope of the audit in the form of an annual health check. The whole process has been much cheaper and less disruptive than if the health-check was carried out separately. If the process has given the business the "thumbs up", then all well and good. Keep on doing the right things! However, if areas of the business are under performing, then at least you will be in the position and armed with the best advice to do something about it! Either way, we hope you come to view the Audit more as an opportunity than an unnecessary expense to the business.
Why not contact us today or telephone on 020 to find out how we can tailor a package to compliment your business activities at a price that is guaranteed to be competitive. Give your business an annual service and extend the Audit to make it more meaningful to you! 7253 0030