Why have an audit?

There is great value to be gained from the rigour applied in the auditing process.

The fact the numbers have been audited gives credibility to the integrity of a company’s financial data, providing directors and shareholders with peace of mind that financial statements are free from error. This is particularly relevant if you are in the earlier stages of what will become a growing business, or if you are planning to sell your business, or float it on a stock exchange.

• Stakeholder confidence

  An audit helps managers, stakeholders and potential purchasers of the business take an informed view regarding the company’s underlying performance.

• Reduce risk of fraud, error and non-compliance

  In addition, an audit can identify potential weaknesses in internal control and help future-proof the reliability of financial data in the context of plans for expansion, sale, or further business development.

• Support applications for third-party funding

  An audit is often required when applying for a loan or third-party funding. Having audited data available can certainly improve the chances of a business obtaining financing.