Preparation of your financial statements and taxation we require the following information and documents:
- Are you a large organization?
- Are you a planning on selling your business in the next 3 years?
- Do you have a number of staff, functions, office locations, technical systems that you are not personally and solely operating?
It is worth while investing in an Audit.
Carrington Blake Accountancy has a straight forward and methodical approach to auditing to develop an understanding of the business and the financial risks that face it.
We employ a number of audit specialists whose advice aid to help tighten of internal controls within your organization to aid the reduction potential fraud, poor accounting and tax planning. It cannot, of course, guarantee detection. By agreeing expectations at an early stage our audit approach is focused on the requirements of the business.
We help to identify weaknesses in the accounting systems and suggest improvements which provides assurances to directors who are not involved in the accounting functions on a day-to-day basis that the business is running in accordance with the information they are receiving.
This facilitates the provision of advice that can have real financial benefits for a business, including how the business is running, what margins can be expected and how these can be achieved.
Companies that have periodic audits enhance the credibility of information for employees, customers, suppliers, investors and tax authorities. Company credit ratings may be affected by not having an audit. Banks and trade suppliers rely in part on credit rating agencies’ assessment of the company, and will look more favourably on companies that have an audit.
This also provides assurances to shareholders (if they are not directors closely involved in the business) that the figures in the accounts show a true and fair view.