Audits – Company Auditors

Audits – Company Audit are required of limited companies with annual turnover exceeding £6.5 million.

Audits – auditors may be required by the bank, shareholders under articles and memorandum and enterprises in certain business sectors.

Brighton Accountant – is a firm of Registered Auditor.

Whilst meeting the statutory audits requirement our review  of the financial records and management systems often highlight weaknesses.  We utilize the audits as an opportunity to find effective solutions to these weakness and help improve the financial efficiency of your business.

Audits are the examination of the financial report of an organization, as presented in the annual report by someone independent of that organization.

The financial report includes a balance sheet, trading profit and loss statement, a statement of changes in equity, a cash flow statement, notes comprising a summary of significant accounting policies and other explanatory notes to the financial report.

What auditors do not do whilst conducting an audit?

  • Test adequacy of all of the audited organization internal controls.
  • Look into every transaction carried out by the audited organization.
  • Check each and every figure in the financial report, as audits are based only on sample testing.
  • Audit other information provided to the members of the audited organization, example, the directors’ report.
  • Judge appropriateness of the audited organization business activities, strategies or decisions made by the directors.
  • Comment to shareholders on the quality of management, directors, corporate governance or the organization risk management procedures and controls.

What can’t auditors do in the process of an audit?

  • Audits are not intended to predict the future. Audits relates to a specific historic accounting period. Audits cannot provide assurance that the organization will continue in business indefinitely.
  • Be present all the time. Audits are carried out during a defined time period; partly during and partly post, the financial period. The primary objective of an audit is to form an opinion on the information in the financial report taken as a whole. It is not intended to identify all possible irregularities. Therefore, although auditors look-out for signs of potential material fraud, it is not possible to be certain that frauds will be identified.

Our Audit service can be provided as an individual service. You may be combine it with other tax advisory and accountancy services that Brighton Accountant can offer as your appointed Auditors, Accountants and Tax Consultants.

For well over 20+ years Brighton Accountant have served as Auditors, Accountants, Chartered Tax Advisers. We cover London to Brighton, Chichester, Eastbourne, Hastings, Hove, Lewes, Worthing and most of East Sussex and West Sussex. We also service most of Greater London and Central London.

Brighton Accountant Chartered Certified Accountants is a firm of Registered Auditor and we would be delighted to give you a quote for your audit.

Not being London City based, enables us to be very fee competitive compared to most City based firms of Auditors. If you are City based and wish to get a quote to compare against your other London based firm of Accountants then we would be pleased to review your needs and offer a quote.

Call Brighton Accountant for an immediate appointment for Audit service and tax advice or any accountancy related matter.

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