Audit and assurance
Though business owners traditionally regard the annual audit and preparation of annual accounts as a cost centre - a necessary evil that adds no value to the business - we strive to transform it into a profit centre.
Besides helping you meet the statutory requirements, we also take the opportunity to conduct a review of your financial and management systems. This can often result in our identifying potential problem areas and recommending opportunities to improve your business performance. We discuss the problems and opportunities with you and help you implement any agreed solutions.
We see the preparation of your annual report as an opportunity to enhance your external image. A well-prepared report can have a considerable positive impact on the perceptions of investors, potential finance sources, customers, prospect, referral sources, and even your own staff - all of which greatly improves your business prospects for the future.
At ktsowensthomas, apart from providing the assurance that clients and specified third parties seek from an audit, we always strive to add value to our clients. In auditing, where possible, we use benchmarking as part of our approach, comparing clients to other organisations in similar sectors and of a similar size. We also look at trends in each client’s business, typically over a 5 year period and share all this information with the client. Many organisations are now regulated by specific legislation or rules. Having a large number of clients in specialist areas, we have extensive experience in the rules and regulations which govern them and fully understand the importance of these regulations to our clients. We have particular expertise in the following sectors:
- pension schemes
- FCA Registered entities