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February 2020
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Business

Audit and Assurance

Audit and Assurance

Depending on the size of your company, your financial statements may require a statutory audit. Our dedicated audit team have the skills and experience necessary to not only meet your regulatory responsibilities, but to also provide you with a proactive and individually tailored service. Our approach is designed to deliver an efficient compliance service, with minimum disruption to your business operations, whilst seeking to also identify practical suggestions for improvements to internal reporting and control systems. The audit process also gives us a detailed insight into your business, which enables us to provide you with proactive business, strategic and tax advice.

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
There are good reasons why you might opt for a voluntary audit:
  • Reassurance about the integrity and quality of your financial statements and internal controls, especially where you have external shareholders
  • 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 financial credibility 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.

Agreed-Upon Procedures
This can provide a useful bespoke review of specific areas of concern.

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."
 
 

News

Lovewell Blake announces three new managers
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16 January 2020
Chartered accountants and financial planners Lovewell Blake has announced the appointments of three new managers in its Norwich and Great Yarmouth offices.
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We are living in an ever-diverse world and increasingly seeing this diversity filter in to the workplace. One of the key topics in diversity and equality in recent months has been around transgender individuals. As an employer, do you understand your obligations towards transgender members of your workforce?
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