A Statutory Audit is a legal requirement by Law to determine whether your business is providing a fair and accurate representation of its financial positioning by examining financial information, records and transactions.
It enhances the trustworthiness of published financial statements. It also ensures the management have performed their duties appropriately but most importantly it gives the view on the efficacy of internal controls, so if internal controls are weak, the Auditor can provide recommendations for improvement.
Makesworth Audit aims to provide robust external statutory audit to provide real value and minimal disruption to your business. We aim to empower you to make confident and informed decisions based on a clear, concise independent assessment of your organisation’s finances. We use a risk-based methodology, we take the time needed to get to know your business from the inside out and concentrate our services on the key areas of your financial information.
We believe in taking a personal approach, hence our audit and assurance team keep you updated on any relevant changes in accounting and auditing standards and remain accessible for questions and advice throughout the year. We will provide all the quality and experience of the large audit firms, but with lower costs, added value and an attention to detail tailored to you.
Many businesses don’t need to have an audit by law, but many Companies still choose to have one and is performed to check the efficiency level of the organization and based on organizational customs, rules and decisions and does not need to report directly to the regulatory authorities but helps to make strategic decisions.
Our non-statutory audit service provides the benefit of an independent expert review of your company’s financial statements. If you are a business owner, this is particularly useful if your business is run by a management team or if you are considering selling your business or are looking for an investment. It can also include reviews of financial procedures and controls to give you a clear understanding of where improvements and efficiencies can be achieved. We plan your audit with you in mind. Our audit programme will fit around your resources and schedules.
By working with us, you can improve risk management and increase the effectiveness, efficiency and ultimately the profitability of your business.
Internal audit is a process of objective assurance and consulting, designed to add value and improve an organization’s operations by bringing a systematic, disciplined approach to evaluating and improving the effectiveness of risk management, control, and governance processes. For Internal Audit functions to be effective they require access to a pool of skilled and scalable resources, ready and able to assess and provide assurance around the full array of risks facing organisations today.
Makesworth internal audit service delivers not just assurance to the Board through the Audit Committee, but adds value to the entire organisation. Our internal audit service is designed to bring ideas and innovation to Executives and the Board, helping companies to achieve their aspirations.
We design and deliver appropriate internal audit functions for all sizes of business. Our services range from conducting a thorough assessment of risk across the organisation, to designing strategic internal audit programmes, to reporting findings to management, the board, and other stakeholders. We do not only identify issues, but we work with management to implement tailored solutions and put the appropriate controls in place.
Internal audit is a process of objective assurance and consulting, designed to add value and improve an organization’s operations by bringing a systematic, disciplined approach to evaluating and improving the effectiveness of risk management, control, and governance processes. For Internal Audit functions to be effective they require access to a pool of skilled and scalable resources, ready and able to assess and provide assurance around the full array of risks facing organisations today.
Makesworth internal audit service delivers not just assurance to the Board through the Audit Committee, but adds value to the entire organisation. Our internal audit service is designed to bring ideas and innovation to Executives and the Board, helping companies to achieve their aspirations.
We design and deliver appropriate internal audit functions for all sizes of business. Our services range from conducting a thorough assessment of risk across the organisation, to designing strategic internal audit programmes, to reporting findings to management, the board, and other stakeholders. We do not only identify issues, but we work with management to implement tailored solutions and put the appropriate controls in place.
For information on bespoke training, or if you have any other questions for Makesworth Audit, please fill in your details below
