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Business

Audit and Assurance

Audit and Assurance

Our team of experienced corporate services professionals will provide audit and assurance services tailored to meet your individual requirements and regulatory responsibilities.

We dedicate time to gain a real insight into your business and objectives. We then use this knowledge to provide proactive business, strategic and tax advice. During the audit we will also identify practical suggestions for improvements to internal reporting and control systems.

As a business owner you may be required by law to have an audit depending on your size. There are exemptions in place for some smaller companies, but all medium and large companies do have a requirement. If you are exempt from needing a statutory audit you might still require a level of assurance. If this is the case you have various options open to you ranging from a full voluntary audit, an assurance review or an agreed-upon procedures engagement.


Voluntary Audit
You might choose to have an audit on a voluntary basis, there are good reasons to you might do this including:
• Reassurance about the integrity and quality of your financial statements and internal controls
• Your key customers may require an audit as part of their contractual agreements
• Your lenders or investors may want one to satisfy their requirements
• You can use voluntary audits to build your track record prior to a sale

Assurance Review
An assurance review is less intensive, less expensive and more flexible than a full audit. It may be a suitable alternative for your business if you still need to provide assurance regarding the quality and accuracy of your financial statements to lenders or other interested parties.

Whichever option you choose we will work to the same high standards, agreeing key objectives and risk areas and working to a timetable to suit your needs.
Call us on 01603 663300       

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"I have used Lovewell Blake for my business and personal tax affairs for over 25 years and I have had no cause to question or complain about their professional attitude or execution of both my personal or business affairs."
 
 

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