Audit and accounts preparation

Audit and the preparation of accounts is at the core of services that we provide. Your responsibilities as a director or as a business owner to prepare and submit accounts to Companies House, H M Revenue & Customs and other regulatory bodies are onerous. In addition creditors, banks and other financial institutions may all require sight if your accounts in support of credit facilities.

Our aim is to not only help you to meet your statutory requirements but also to ensure that your accounts and annual report presents a positive image of your business.

The format of accounts and the interpretation of financial reporting standards are complex. Our trained partners and staff will ensure that your accounts comply with current requirements. Up-to-date software is used to ensure that the process is as efficient as it can be so that more time can be spent interpreting the results with you than in processing the numbers.

This enables us to identify potential problem areas and to make recommendations that may result in opportunities to improve your business performance.

The key to an effective audit is:

• getting to understand your business at an early stage
• reviewing your business processes and financial and management systems
• testing the effectiveness of those systems
• discussing any problems and opportunities with you
• helping you to implement agreed solutions

The audit process often identifies areas where further detailed work may be required, including tax planning and compliance, such as benefits in kind or value added tax issues. We can bring in specialists from our team to review those areas and provide the appropriate advice accordingly.

For further information contact your nearest Mitchell Charlesworth office or complete an enquiry form.