An audit is an official inspection of a company or organisation’s accounts by an independent body. A company can choose to be audited in order to prove to its investors or shareholders that its accounts are sound.  An external audit should also determine whether all financial reporting is in accordance with current accounting standards and legislation.
We have put together a useful guide to keeping accounts and how an audit can benefit your business.  The guide covers the following:
  • Statutory Accounts
  • Abbreviated Accounts
  • Record Keeping
  • Penalties and Deadlines
  • Reasons for being Audited
  • The Audit Process.

Click here to read the full guide.

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