The primary purpose of a financial audit, statutory or voluntary, is to provide an objective evaluation of your business’s financial statements and internal controls. Audits help ensure accuracy, compliance with regulations, and the integrity of your financial reporting, which is essential for building trust with stakeholders.

The frequency of audits depends on your business’s size, industry, and regulatory requirements. While statutory audits are mandated for certain businesses annually, even those not required to undergo regular audits can benefit from periodic reviews to ensure financial accuracy and compliance.

During an audit, our team will review your financial records, test transactions, and evaluate your internal controls. We may request additional information or documentation to verify the accuracy of your financial statements. Our goal is to conduct a thorough and efficient audit with minimal disruption to your operations.

An audit can identify discrepancies, inefficiencies, and areas for improvement in your financial processes. By implementing our recommendations, you can enhance your internal controls, reduce the risk of fraud, and improve overall financial management, leading to a healthier and more sustainable business.

Yes, preparing for an audit involves organising your financial records, ensuring that all transactions are documented, and having your internal controls in place. Our team will provide you with a checklist and guidance to help you prepare effectively, ensuring a smooth and successful audit process.