All UK companies with a turnover in excess of £1,000,000 must have an annual statutory audit by an approved auditor. We have a highly efficient computerised audit preparation system. For companies below the statutory requirement threshold an external audit is often still appropriate. Independent verification of the company's accounts can enhance the perception of the business in the eyes of the shareholders, business partners, banks and tax inspectors. This can be particularly relevant when raising external finance is under consideration. An audit can be tailored to your specific requirements. This can include:
· Expert corporate tax planning advice to optimise your business' tax efficiency.
· Business advice to run your enterprise more cost effectively
. We can use the latest audit techniques to compare your company's performance against industry standards or even competitors.
This can answer questions such as the following:
· Are your stock levels too high?
· Are your competitors paid faster than you?
· Do you take too long to manufacture your products or to sell them?
· Are there opportunities to improve cash flow which are not currently exploited?
This kind of benchmarking exercise is proving to be of immense benefit to numerous companies who are determined to establish themselves as "Best in Class".
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