Auditing And Assurance

At Butler & Co, we believe that the audit should be used as an effective management tool to provide information about where a business is going, as well as keeping a check on where it has been. It should be much more than just a statutory requirement for limited companies. The audit is primarily an independent report to your shareholders about the company’s profitability and state of affairs, but it has many more uses. When it comes to carrying out an audit, we tailor our approach to suit the requirements of the business. There are different types of audit that we can carry out; -Statutory audit with a tailored approach which recognises the requirements of the business; -Non statutory reporting on financial results for unincorporated businesses (to let you know how your business is performing); -Internal audit ensuring your internal procedures are operating correctly; -Comfort audits’ - a one-off check for management to ensure that the business structure and systems are working properly. We also offer an independent assessment of planned investments, a report on the progress of capital projects and appraisals of business acquisitions. An audit is a requirement by law should your turnover exceed £5.6 million (there are other defining factors over whether a company is required to have an audit, please do not hesitate to call in if you are concerned over the legal requirements of your company). However, many businesses chose to have an audit carried out as it can identify any problem areas, for example: excessive expenditure of a particular department. The detailed analysis that we carry out on an audit allows us to provide an extremely accurate account of the business’s financial activity throughout a period, this gives businesses a highly useful tool to work with when making important financial decisions.

For more information on Auditing And Assurance talk to Butler & Co (Bishops Waltham) Ltd