Many business owners traditionally view the annual audit and preparation of annual accounts as a necessary expense that adds no value to the business. As auditors registered with the Institute of Chartered Accountants of Scotland we have a wealth of experience in carrying out audit work and we approach auditing with a more open approach.
Where a company requires its accounts to be audited, it will be of a size where it may have bank borrowing or asset finance requirements. Lenders these days are placing ever more reliance on the audited financial statements being delivered timeously after the year end. In these situations quality audited financial statements are essential.
In addition to helping you fulfil the statutory requirements, we also go a step further and review your financial and management systems. Instead of simply enabling us to tick boxes our approach often enables us to identify problem areas and opportunities for improvement that allow us to deliver real value in addition to the basic statutory requirements. By pinpointing these problem areas and potential improvements we can help you ensure your business is as strong as it can possibly be.
Annual auditing and accounts preparation is more than just a simple compliance necessity. We believe that a well prepared report can add real value to your business given that the perception of your business by customers, investors, financial institutions is largely based on the information they have access to, which is of course your annual reports. After all, what type of business would you invest in, one which provides a untidy set of reports which does the bare minimum or one which produces a professional, comprehensive set of reports that gives you all the information you need.
If you would like more information on our audit services please give us a call.