Audit and assurance
As Registered Auditors, we are able to provide the statutory audit services required under corporate, charities, pensions and friendly society legislation. In addition, we offer this service to organisations which require a non-statutory audit under their own constitution.
Though business owners traditionally regard the annual audit as a necessary evil that adds no value to the business - we strive to transform it into a value added service.
Part of our routine work, as auditors, involves the assessment of accounting and internal control systems. We report to directors on structural and operational weaknesses in systems and to make recommendations for their improvement. Furthermore, we have unique insights into best practice and benchmarking across a range of industries. The audit can also bring to light going concern issues at an early stage.
Besides helping you meet the statutory requirements, we also take the opportunity to conduct a 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 discuss the problems and opportunities with you and help you implement any agreed solutions.
Although many companies are now exempt from audit (but not from the requirement to produce and file statutory accounts that show a true and fair view) they may still wish to have voluntary audit for benefits that audit brings to the credibility of financial reports from a user's perspective.
There are also an increasing number of audit reports required by a variety of regulators. In addition there are many entities that, despite the fact that they are audit exempt, still require a variety of reports that must be prepared by registered auditors.
For the reasons why an audit will benefit your business please see below:
Why audit matters - you and your business
Why audit matters - you and the tax authorities
Why audit matters - you and your bank
Why audit matters - you and your employees
Why audit matters - you and your customers
Why audit matters - you and your suppliers
To discuss your statutory or voluntary audit requirements please contact us.
Hamlyns is registered to carry on audit work by the Institute of Chartered Accountants in England and Wales.