An audit is an independent review of a set of accounts to determine if they give a true and fair view and comply with financial reporting regulations. It is a legal requirement for certain entities including companies over a certain size. However, Ashworth Moulds views the audit as much more than a statutory requirement. Throughout the audit, our experienced team will look for practical recommendations to help improve your operation.
We will also keep in touch with you throughout the year, thereby becoming aware of developments within the organisation on a timely basis so that proactive advice can be offered.
The assurance provided by an audit provides credibility to an organisation’s stakeholders on the reliability of its financial statements. Given this, consideration should still be given as to whether an audit should be undertaken for entities not requiring a statutory audit.
