Keeping accurate accounting records are essential. Yet, having a robust audit systems ensure accurate company accounts and efficient distribution and management of finances
Whereas an accountant will provide advice and support on tax returns, bookkeeping and cash flow, an auditor looks much deeper retrospectively into the records of accounts of an organisation.
At Verity Accountants, we make sure that your accounts are fully compliant, and also use the auditing process to identify strengths and weaknesses in your business finances, and suggest ways of improving them.
Our core auditing services include:
- Statutory audits
- Specialist audits
- Internal audits
- Due diligence
- Benchmarking in your sector
- Minimizing fraud exposure
Increasingly, private companies and public sector organisations face intense scrutiny over their finances, which means that Directors of companies and corporations should have robust accountancy systems especially efficient auditing processes in place. Such scrutiny places added burden for Company Directors and Business Owners. That’s why Verity Auditors are at hand to help to review financial records to ensure they are accurate and compliant.
Our Certified Auditors and Partners will ensure that there are robust internal audit accounting process in place with a focus on mitigating risk and identifying areas where cost savings can be made. Our internal auditors will deal with issues that are fundamentally important to the survival and prosperity of any organisation. They look beyond financial risks and statements to consider wider issues such as the organisation’s reputation, growth, its impact on the environment and the way it treats its employees.
As well as ensuring the books are balanced and all incomings and outgoings are accounted for, an internal auditor will identify areas where the business can become more efficient, particularly when purchasing supplies for multiple sites.
In short, our internal auditors are focused on ensuring that organisations succeed through a combination of assurance and consulting processes. The assurance aspects of the internal auditors work involves explaining to managers and governors how well the systems and processes designed to keep the organisation on track are working. Thereafter, we offer consulting services help to improve those systems and processes where necessary.
An external audit is an independent examination of the financial statements prepared by the organisation. It is usually conducted for statutory purposes required by law. Our external auditors are appointed by corporate shareholders with the intent of carefully examining the validity of the organization’s financial records. The outcome of external audit results in an audit opinion about whether the financial statements give a ‘true and fair’ view of the:
- state of affairs of the organisation and
- operations for the period
Our external auditors will examine in detail all accounting books including payroll, purchasing records, and other financial reports to spot red flags. They will determine whether the company is fairly following the Generally Accepted Accounting Principles (GAAP). The external auditors look out for financial misstatements due to error, fraud, or even embezzlement and prepare detailed, unbiased reports on corporate ethics for management executives.
Our Auditors have many years’ experience and have with previously with many of the major auditing firms such as Deloitte, EY, KPMG, PwC and RSM. Many companies are hiring our auditors to help them keep up with compliance measures.
If your business requires a statutory audit, or audit for another reason, you can rely on Verity Accountants and Auditors to provide you with the expertise required. As registered auditors, we are committed to audits of high quality, carried out by teams of qualified auditors. Through efficient planning and clear communication we will make the audit as stress free as possible and make valuable recommendations.
Would you like to know more?
We offer initial free consultations. Please feel free to get in touch via email or our quick contact form below or to speak to an advisor phone T: +44(0) 203 643 5295.