Audit – External & Internal

External audit

Our experienced team of audit professionals will help you meet your compliance requirements by delivering a robust audit service. We develop a thorough understanding of your business, its objectives and the environment in which it operates. This ensures that your audit not only provides you and your stakeholders with independent and objective assurance but also delivers value to you through regular and effective collaboration.

In addition to your key senior team members, we draw upon our large pool of staff to bring together an audit team with the right blend of experience and technical skills. As well as expertise in all areas of UK financial reporting, we also have specialists in International Financial Reporting Standards. This ensures that your service team understands the impact of your current and future business strategies on your financial reporting and compliance requirements.

We focus on the areas where your business could be exposed to risk and ensure early warning signs are identified. We invest time in understanding the commercial issues and business risks you face and how your systems and controls deal with these, offering practical advice and solutions to help you manage your business.

We provide regular feedback on matters relevant to your business and keep you up to date with financial reporting and legislative changes. In building long-term relationships based on mutual understanding and trust, we develop strong channels of communication with key people so that we fully understand your business and its objectives. We strive to ensure consistency of key contacts and fully appreciate that staff continuity has a major impact on the strength of our client relationship with you.

Internal Audit

Our audit services focus on those areas where we can add the most value to clients’ business decisions. Compliance work provides management and governing bodies with comfort that assurance and control systems are fit for purpose and improvement plans to achieve this. Consultancy projects use our knowledge and experience in partnership with clients to inform and achieve positive change.

Achieving best value for clients requires team effort with a strategic focus. We provide an experienced team who work closely with you to understand you and your business. Our teams are always put together with your needs in mind, to ensure the right blend of knowledge and sector experience. The mix of staffing levels ensures cost efficiency, and therefore maximum value for money for you.

We take an integrated approach, calling upon appropriate specialists from across the firm to provide the best advice for each client in a co-ordinated manner. This also allows us to bring in specialists with technical expertise in complex areas such as International Financial Reporting Standards, and VAT, as required.

We tailor our service to suit your specific requirements and can look at your business systems, helping you understand their strengths and weaknesses.

We help you ensure resources are focused on the strategic and risk management areas where the outcome is of most importance to your organisation. We provide a proactive approach, with an emphasis on building long-term relationships based on mutual understanding and trust, and a genuine desire to understand your organisation and its objectives. We have been at the forefront of the development of internal audit for a number of years, and were one of the first firms to link the Audit Needs Assessment to the Risk Register. A significant development in our audit approach and delivery, has come from the introduction of our Audit PLUS+ system.

During the Audit Needs Assessment, our new Audit PLUS+ system involves the application of added value criteria to determine suitability for audit, thereby ensuring we maximise value for money for you.