Many businesses view the audit as a statutory necessity and not much more. Yet a well-run audit, together with a business risk assessment, should identify opportunities to increase profitability and administrative efficiency. It gives you the assurance that your internal controls and procedures are functioning properly.
McBrides staff are trained to the highest standards; fully supported by advanced IT – using systems ensuring compliance with the latest audit regulations.
Statutory and regulatory audit
The audit will deliver independent evidence of the integrity of your accounts, providing reassurance to your customers, suppliers, actual or potential investors, banks and other finance providers. McBrides’ experienced team will discuss the requirements with you in advance, and tailor our approach to minimise disruption to the business.
We will report our audit findings to you and let you know where we believe improvements can be made in your systems and procedures. Other benefits of an audit include identifying taxation issues, fraud and error and general compliance issues.
Specialist areas include:
- Limited Companies and Limited Liability Partnerships
- Charities and Not For Profit sector – from local to national, trusts, community interest and charitable companies covering welfare, faith, education, conservation and generation.
- Financial Conduct Authority regulated entities
- Pensions Schemes – from small self-administered, to large defined benefit schemes.
- ARLA, ARMA, NAEA and Estate Agents
- Solicitors’ client money examination.
Even if an audit is not a legal requirement, you may still decide to have one for any number of reasons, such as:
- to help you identify and address financial and system issues
- to give you reliable information on which to base critical decisions
- to help you meet stakeholders’ expectations
- to facilitate effective governance
- to provide assurance to your stakeholders.
Our experienced team will agree the objectives with you and conduct our audit with care and consideration.
This reporting provides an element of assurance to company directors greater than the traditional accountants’ report, but less than a full audit report.
Our approach is based on developing an understanding of your business or organisation and the financial, operational and governance risks that it faces. We tailor our service to meet your particular circumstances and, by agreeing expectations and responsibilities at the outset, we ensure that our own performance and service standards meet your expectations.
McBrides also provide assurance services to sectors with specific reporting requirements, as well as due diligence, grant applications and bank reports including:
- ICAEW assurance service
- Due diligence
- Public sector
- Internal audit