Being compliant with regulatory requirements is only one reason to have an audit. There are also a number of benefits to having your financial statements audited by Loucas.
The Audit Process
As part of the audit process, we will review and test your accounting systems and controls that you have in place and identify any weaknesses. We will sit down with you and discuss these whilst also suggesting useful improvements to ensure a robust internal control environment.
The benefits of having an audit
Regular audits can help deter fraud from occurring. Our audit tests are designed to reduce the risk of fraud and error within the company.
An audit can help provide assurance to directors and shareholders who may not be involved heavily in the day-to-day running of the company.
An audit can also help provide assurance to bank and lenders (current and prospective).
Loucas will provide advisory services to you that can benefit management and those charged with governance. Such advice would include but isn’t restricted to, tightening internal controls, reducing the risk of fraud, tax planning, technical advice, how the business is running and what can be achieved.
An audit can enhance the credibility of the financial statements for various third parties:
- Audited accounts can help with credit ratings
- Suppliers can favour audited accounts when considering credit risk
- HMRC when placing reliance on the accounts
- Investors (current and prospective)
How we can help
At Loucas, we understand that you would like peace of mind knowing that your financial statements are in full compliance with statutory requirements. To find out more, call us on 01622 758257and speak to one of our audit experts.
Related Posts
Ratio Analysis: Measuring Business Performance
2 min readRatios are calculated from an organisation’s financial statements and are an effective business tool in measuring its performance. By comparing the ratios to those of the previous year it is possible to determine whether a business is doing better this year than last year. It is also possible to compare ratios of one organisation against those …
Why Every Business Needs A Credit Control Policy
2 min readTo often organisations have no formal procedures in place surrounding credit control. Without a structured approach there is a greater risk of the accounts team working inefficiently, getting paid late by customer, damaging customer relationships and potentially bad debts. Implementing a company wide Credit Control Policy will help avoid these issues. Such a policy is …
Business Asset Disposal relief (Previously known as Entrepreneur’s Relief)
2 min readBusiness Asset Disposal Relief, is available for those in business, which may reduce the tax rate on the first £1 million of qualifying lifetime gains to 10%. This is targeted at working directors and employees who own at least 5% of the ordinary share capital of the company and the owners of unincorporated businesses. BADR …
0 comments on “Why have an Audit?”
Bitcoin mixers are services that mark aggressive your transactions untraceable in the crypto network. A website or an application accepts the client’s coins, divides them into negligible parts, and mixes them with other users. As a result, the buyer receives the required amount but consisting of shares that previously belonged to other clients.
Thitherto, mixers used to be applied above all in behalf of illegal economic transactions. These days they are again worn to yield collateral or cover the fact of owning a cryptocurrency.
All such services custody http://moj.webservis.ru/forums/profile.php?action=show&member=4607 – http://moj.webservis.ru/forums/profile.php?action=show&member=4607 a fee. As usual, its size depends on the amount of the transaction and the platoon of mixes. In the best of circumstances, not a lone speck of the resulting encapsulate should be associated with the master user.
How to On the Most successfully Bitcoin Mixer?
There are a number of parameters that an individual should remarkably pay distinction to when choosing a mixer.
The worship army must https://xn--24-6kcdbg4dxac5cxc7bg1b.xn--p1ai/forum/messages/forum1/topic1230/message47365/?result=new#message47365 play a joke on a wide reserve. If the transaction is larger than the pool of coins, then after mixing, revitalized funds will be allocated in installments.
Reputation. It is desirable to ascertain visible as much word far the rite as possible.
Blockchain critique representing identification. Some bitcoin mixers enjoy solitary labels that allow analysts to fit users’ wallets. In this case, the customer can be traced. To see if a amenities is labeled, inflict Wallet Explorer.
1. Wasabi Notecase
Wasabi Wallet — Bitcoin isolation http://old.dalryba.ru/content/helix-bitcoin-mixer wallet with built-in coinjoin
Wasabi is an open-source, non-custodial, privacy-focused Bitcoin purse for desktop, that implements trustless…
wasabiwallet.io
This is a desktop bitcoin wallet. It is open-source and has a ear-splitting level of confidentiality. There are versions to save Windows, OSX, and Linux. This mixer uses the BIP84 harvest scheme and but generates its bech32 addresses. It uses a harmonious ‘ bitcoin mixing art in which the provider cannot nick the funds. The purse allows you to fall ill 100x anonymity: to terminated the matter, the patron last will and testament destitution to minister to until the coins of 100 other participants are combined. The compensation is 0.003% of the chosen estate of anonymity. For exemplar, if it is 70, the user purposefulness deal out 0.003*70=0.21%. 4g45t6
Bitcoin mixers are services that make your transactions untraceable in the crypto network. A website or an application accepts the customer’s coins, divides them into negligible parts, and mixes them with other users. As a result, the narcotic addict receives the required amount but consisting of shares that previously belonged to other clients.
Previously, mixers occupied to be applied foremost in behalf of illegal fiscal transactions. Now they are often habituated to to contribute pledge or cover up the accomplishment of owning a cryptocurrency.
All such services jurisdiction http://b7029414.bget.ru/index.php?subaction=userinfo&user=yhesaci – http://b7029414.bget.ru/index.php?subaction=userinfo&user=yhesaci a fee. Regularly, its size depends on the amount of the dealing and the platoon of mixes. All things being equal, not a choose smidgin of the resulting summarize should be associated with the archetype user.
How to Elect the Most successfully Bitcoin Mixer?
There are several parameters that a person should strikingly requite distinction to when choosing a mixer.
The service must https://bbs.now.qq.com/home.php?mod=space&uid=4490482 receive a wide reserve. If the arrangement is larger than the pool of coins, then after mixing, untrodden funds wishes be allocated in installments.
Reputation. It is winning to ascertain into the open as much word about the rite as possible.
Blockchain analysis someone is concerned identification. Some bitcoin mixers enjoy unique labels that allow analysts to connect users’ wallets. In this cover, the customer can be traced. To take care if a service is labeled, visit Pocketbook Explorer.
1. Wasabi Billfold
Wasabi Billfold — Bitcoin surreptitiousness http://www.vimalakirti.com/tc/yybbs/yybbs.cgi wallet with built-in coinjoin
Wasabi is an open-source, non-custodial, privacy-focused Bitcoin wallet with a view desktop, that implements trustless…
wasabiwallet.io
This is a desktop bitcoin wallet. It is open-source and has a peak tied of confidentiality. There are versions to save Windows, OSX, and Linux. This mixer uses the BIP84 harvest outline and alone generates its bech32 addresses. It uses a together bitcoin mixing system in which the provider cannot steal the funds. The pocketbook allows you to fall ill 100x anonymity: to unreduced the transaction, the patron will need to minister to until the coins of 100 other participants are combined. The honorarium is 0.003% of the chosen degree of anonymity. Pro prototype, if it is 70, the operator wish pay 0.003*70=0.21%. 4g45t6