Audit

An audit is a statutory requirement for companies with a turnover in excess of £5.6 million, however many companies choose to have their accounts audited for peace of mind as an audit will:

- Provide you with an independent perspective of your business

- Confirm that you have performed your statutory duties correctly

- Provide feedback on the way you’ve approached the running of your business

- Comment on the effectiveness of internal controls and provide recommendations for improvement

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 shareholders/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:

- Form a true and fair independent opinion on your accounts

- Confirm that your accounts have been properly 

An essential element of an audit is to feel you’re receiving useful information that will benefit your business; it should not simply be seen as a ticking 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.

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