Many clients may be familiar with the audits that we perform on companies and other regulated bodies such as Law firms or Insurance brokers. These follow a prescribed process of checking work, looking at sample transactions to assess whether the reported information is likely to be correct or not.
However, we also provide assurance reviews in a range of other situations, either in addition to the statutory audits or on businesses where an audit may not be legally required. These are usually targeted to address specific areas of concern, or to provide reassurance on specific transactions.
If a client is concerned about financial irregularities they may ask us to look at the financial controls over income or payments, or perhaps focus on whether certain individuals are reporting unusual results in their department or division.
It may be that a business is being prepared for a change of ownership, a review is needed to provide comfort that the business is in good order before that occurs, and that the values of stock or fixed assets are fair.
Whatever the concern, our assurance reviews utilise our audit skills and financial understanding to provide clients with confidence on key issues so they can rely on the information they are being provided with. If you think a review would be valuable in your business, talk to us about a tailored assurance review.