If you are busy running a business that requires an annual audit of its accounts – because your turnover, assets or workforce exceed certain thresholds – it may sometimes seem like an extra demand on your time and resources that you could do without.
At Vista Audit in Surrey, we see audits differently. We believe in adding value to the process by going beyond a straightforward report on your accounts.
We’ll dig a little deeper, looking at all aspects of your business, your financial controls, management systems and objectives. In doing so, we’ll be able to identify areas of your business, including your financial controls and management systems, that can be improved or made more efficient.
The process will also give you key data to inform decision-making and help you shape your strategy for moving your business forward.
And because we believe in getting to know audit clients and their businesses, our audits also benefit from our understanding of your organisation and the sector in which you operate.
Changes to audit exemption rules mean many smaller companies now have the freedom to choose whether or not to undergo an audit. Some businesses may choose to take advantage of the audit exemption, but there are circumstances in which a voluntary or interim audit is likely to be worthwhile investment.
These could include satisfying lenders when sourcing funding, demonstrating credibility to shareholders or strengthening financial discipline within a particular area of the business or across the whole company. A voluntary audit could also be useful to interested parties, such as potential purchasers, in the event of an exit from the business.
Our independent verification of your figures will demonstrate commitment to high quality corporate governance and build the confidence of your stakeholders.
For more information on Vista Audit’s services in Surrey, please contact us.