AUDIT
Grudgingly
If you are a limited company and your turnover is greater than £5.6
million,
then, unfortunately, you need an Audit. Doesn't seem very fair but, in
theory,
it is designed to protect company shareholders. It sounds like "spin"
but at
Whitnalls we try and turn the audit (and expense) into a beneficial
experience for our clients.
How
do we achieve this?
If we already look after your books and prepare your accounts, then the
Audit is an integral part
of the process and is, therefore, included in the basic package at no
extra cost. If we are purely
Auditors, we turn the whole process into an opportunity to give the business
a health check.
The
Team
All members of the Audit Team have been put through internal 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
which can often aggravate the client. Well, that's the theory!
Meaningful
information
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 revived to determine if they offer the best value.
An evaluation is carried out on the current business
system (manual or computerised) to determine if it meets current and
anticipated demand.
Fees
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
that the legal requirements, gave you an ideal opportunity
to
expand the scope of the audit in the form of an annual health check and
that 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.
Contact
Us
Contact us today or telephone on 0151 236
5028 to find out how we can tailor a package to compliment your
business activities at a price that is guaranteed to be competitive.