Approached with business and sector understanding
Delivering high-quality insight for you and your stakeholders.
For some businesses an audit is a statutory requirement but for many it’s an independent perspective which provides valuable feedback on how the business is being managed and how to improve. You may also consider having an audit if you are planning to sell your business, to help achieve the maximum sale price.
Most limited companies are required to conduct an external audit if they meet two of the criteria below:
An audit is a valuable exercise and will provide:
An audit is a sample test of the amounts and the disclosures in the financial statements prepared for a company. The main role of the statutory audit is to provide satisfaction to the stakeholders of a company that the directors of a company are acting in the best interest of the shareholders and are managing the company in a way that will achieve the best return for the shareholders.
As auditors it is our responsibility to:
An essential element of an audit is to feel you are receiving useful information that will benefit your business; it should not simply be a tick box exercise to conform to regulations.
As registered auditors Stafford & Co carry out this work for both our own clients and for clients of other accountancy firms who are not registered.
Auditing enables our teams to fully understand a business and how it operates, enabling us to help business owners to improve not only their accounting processes, but other business processes and measurements that can also improve business performance.