Whether or not it is a statutory requirement for your company to be audited, the process is beneficial in a number of ways and can result in cost efficiencies that were previously unconsidered.
Ensuring the company’s financial statements present a true and fair view of its monetary position encourages confidence among investors, and helps to develop a strong reputation in the community. But the benefits of an audit go further than that.
As a director you gain a deeper understanding of how your business functions, facilitating informed decision-making and enabling you to protect the company against adverse commercial conditions.
An objective viewpoint
You need a reliable auditor who understands industry-specific issues, and who brings experience to bear on potentially complex situations. They will identify any weaknesses in your control systems, helping to mitigate the risks of fraud or other business malpractice within the organisation.
Handpicked Accountants can introduce you to reputable firms of auditors in your area, who offer a valuable objective view of your enterprise. We only refer auditors who we have known for a long time, and whose work we trust.
In short, a professional audit report can help you:
- Gain the confidence of your investors
- Understand the potential risks facing your business
- Remain compliant with constantly changing legislation