Audit Assurance

Audit & Assurance Services

UK companies over a certain size are required to have their annual accounts subject to statutory audit. In addition, many companies, though not required to have an audit, still find that it can provide valuable business information.

Audits are often required for certain charities and pension schemes whilst some professional bodies, such as The Law Society, require solicitors who hold clients’ money to submit their client accounting to an annual audit.

In addition we have experience in other regulated areas including travel agents regulated by ABTA and IATA, and property agents regulated by ARLA, NALS or the NAEA.

We can provide services in all these areas.

Although business owners often regard the annual audit as a cost centre – a necessary evil that adds no value to the business – we aim to transform the audit into a profit centre.

Besides helping you meet your statutory requirements, we also take the opportunity to conduct a review of your financial and management systems. This can often result in our identifying potential problem areas and recommending opportunities to improve your business performance. We discuss these problems and opportunities with you and help you implement any agreed solutions.

Accounting

Our comprehensive range of accounting services will help you to comply with all relevant reporting regulations. As well as full statutory year-end financial statements, we can provide you with monthly or quarterly management accounts and assistance with the preparation of budgets and projections.

Once your accounts have been prepared, we will carefully guide you through the implications of your results. We examine the key ratios and comparisons relevant to your business.

At all times we present the information in a straightforward way to give you a clear snapshot of your business performance. We then talk through all the relevant issues to help you achieve continuing success.

Our specialist service disciplines include:

  • Management reporting systems
  • Profit maximisation
  • Key staff retention & motivation
  • Business planning
  • Business strategy
  • Succession planning
Next Step:

Please contact Dominic Witham – dew@hakimfry.co.uk or Sam Lawrence – sl@hakimfry.co.uk if you need further advice, have any questions about our services or would like a free consultation.