We believe a statutory audit should be viewed as an opportunity to gain insight and assurance into your company’s finances, not a burden on your day to day business. We take the time to gain an understanding of you and your business to enable a smooth and efficient accounting audit. We believe open communication and collaborative resolution of issues are the essential features of our approach.
Our approach to conducting external audits is risk based and balance sheet focused. We will visit your premises for a day prior to the group year end, to review your systems and controls. This takes place before we plan our accounting audit. This plan will form the basis of our team’s approach when we are on site to perform our audit fieldwork. Whilst the external accounting audit is balance sheet focused, the profit and loss account will be audited with sampling and analytical procedures.
After the on-site audit fieldwork is completed, all work will be reviewed by the senior statutory auditor and our quality control reviewer. An audit clearance meeting will be arranged to discuss the audit report, management letter and any high-level decisions. Once all matters are resolved and the Directors agree the audited accounts, we will mutually sign the accounts and file accordingly.
Ongoing continuity for our clients is important to us. Amy Hancock will be your main contact and senior statutory auditor for the company and group audit reports. As we are a sole director practice, we arrange for an independent quality control review of every accounting audit file to ensure we meet the highest standards of audit quality.