Financial Audit Services
What is an audit?
An audit is an evaluation of a subject matter against a specific set of criteria in order to form an opinion on whether the subject mater is fairly represented, the most common type of audit is a financial audit.
A financial audit aims to provide an independent opinion on the ‘truth and fairness’ of a set of financial statements. Often those that own the company (the shareholders) are separate from the managers of the company (Directors).
Who needs an audit?
The majority of privately owned companies are not required to have an audit, but lots choose to be audited as it adds extra creditability to a company, for example if you are trying to raise finance or bid on a large contract.
Generally speaking, if your company meets two of the criteria below you must have an audit:
- Annual turnover of more than £10.2m
- Assets worth more than £5.1m
- More than 50 employees on average
There are also extra considerations if your company is part of a group of companies.
Why you should appoint Treetops as your auditors?
Experience
The way our audit team is structured means you get face to face time with very experienced auditors who really get to know your business rather than juniors still learning the ropes.
Efficient and cost effective
We know having an audit takes time and money away from running your business, that’s why we focus on planning and risk assessment right from word go. Our audits will be robust but efficient and price competitive.
Value add
Performing an audit means we get to know the intricate details of your business. This allows us to identify opportunities to increase profits, achieve your business goals and improve your processes and controls to operate more effectively.
Contact Treetops
Please call or email to arrange your FREE consultation for any of our services.
