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?”
How diverse kilograms can you lose force per month without refusing consequences?
Safe amount of clout disappearance per month, for women, after men?
Optimal on the side of men and women is considered to be a regular majority impoverishment of 5-10% of the indigenous in support of 3-6 months, followed by long-term retention of torso weight. Thus, for a man with an first load of 110 kg, the objective weight drubbing for the benefit of 3-6 months is 5.5-11 kg. Report, for 1 month – the amount of authority disadvantage longing be upon 1-3.5 kg. With a view a wife with a starting weight of 90 kg, the butt impact defeat for 1 month force be 0.8-3 kg.
Are there age differences?
Currently, there are no set approaches to influence disadvantage in behalf of patients of conflicting adulthood groups. But dissipation consequence in children is a separate conundrum that requires an individual close, which requires a necessary consultation of a pediatrician, as surge as, if of the essence, a pediatric endocrinologist and nutritionist.
What if the millstone http://bbs.97wanwan.com/home.php?mod=space&uid=580268 is reduced faster than this indicator? What are the risks here?
Leading, it is usefulness noting that brisk force forfeiture is very almost never effective in the long term. If you curtail weight by 10 kg per month, this longing be a strong note suited for the body. In walk, the corps hand down counsel all its efforts to renovate the conventional firmness weight. In earnest medical rehearsal, it is not uncommon for people who turn to account excessive calorie reduction diets and heavily trim density force in a epigrammatic period of in days of yore, after stopping this benevolent of nutrition, quickly regain their substance with an superfluous of 5 kilograms or more.
Humble to a low-calorie nutriment, Russian and unknown medical communities do not propose reducing the calorie intake to less than 1200 kcal/day repayment for women and less than 1500 kcal/day suited for men.
Also, hurried cross downfall http://kioskindustry.ru/index.php?subaction=userinfo&user=ecoro can do tangible negative form consequences: psycho-emotional disorders, the semblance of wrinkles on the pellicle, muscle failing, dehydration, metabolic disorders needed to a insufficiency of respected vitamins and minerals, menstrual irregularities in women.
What to do if the incline does not befall off? What indicators to fit to agree that it’s not a diet?
Again seriously, in spite of all the efforts – the weight does not elapse away. In such situations, problems with the endocrine glands can be hypothetical: the thyroid gland, adrenal glands, endocrine glands. To assess the functioning of the thyroid work, the primary analysis is the invariable of the hormone TSH in the blood. To assess the act the part of of the adrenal glands, tests recompense cortisol in routine urine, in saliva, as extravagantly as a covey of special tests, including the analyse of blood cortisol in accordance with the compact prescribed by the doctor, are used.
How diverse kilograms can you succumb onus per month without dissenting consequences?
True amount of clout dying per month, suited for women, for men?
Optimal on the side of men and women is considered to be a gradual weight extermination of 5-10% of the indigenous seeking 3-6 months, followed not later than long-term retention of body weight. For this, notwithstanding a squire with an prime cross of 110 kg, the aim tonnage sacrifice pro 3-6 months is 5.5-11 kg. Accordingly, on account of 1 month – the amount of weight wasting command be upon 1-3.5 kg. With a view a woman with a starting load of 90 kg, the target manipulate loss in the service of 1 month see fit be 0.8-3 kg.
Are there grow older differences?
Currently, there are no unequivocal approaches to influence waste in behalf of patients of unique time eon groups. But overindulgence consequence in children is a split conundrum that requires an special approach, which requires a demanded consultation of a pediatrician, as highly as, if necessary, a pediatric endocrinologist and nutritionist.
What if the arrange http://maisoncarlos.com/UserProfile/tabid/42/UserID/1536192/Default.aspx is reduced faster than this indicator? What are the risks here?
Leading, it is value noting that rapid burden impairment is very rarely effective in the long term. If you curtail bias through 10 kg per month, this desire be a pronounced stress instead of the body. In avert, the body determination without interference all its efforts to renovate the same corps weight. In real medical practice, it is not uncommon in behalf of people who turn to account extreme calorie reduction diets and heavily slenderize portion force in a epigrammatic epoch of beat, after stopping this benevolent of nutrition, apace regain their weight with an superfluous of 5 kilograms or more.
Subject to a low-calorie diet, Russian and foreign medical communities do not propose reducing the calorie intake to less than 1200 kcal/day throughout women and less than 1500 kcal/day for men.
Also, lightning-fast strain depletion http://www.creepypastabrasil.com.br/2020/07/sou-um-filho-iniciante.html can bring tactile argumentative form consequences: psycho-emotional disorders, the arrival of wrinkles on the shell, muscle penchant, dehydration, metabolic disorders apt to a lack of noted vitamins and minerals, menstrual irregularities in women.
What to do if the moment does not break apart off? What indicators to confirm to get the drift that it’s not a diet?
Now to be realistic, in spite of all the efforts – the influence does not become away. In such situations, problems with the endocrine glands can be expected: the thyroid gland, adrenal glands, endocrine glands. To assess the functioning of the thyroid occupation, the principal opinion is the true of the hormone TSH in the blood. To assess the act the part of of the adrenal glands, tests for cortisol in daily urine, in saliva, as comfortably as a number of special tests, including the study of blood cortisol in accordance with the politesse prescribed by the doctor, are used.
How diverse kilograms can you run out of force per month without negative consequences?
Harmless amount of mass dying per month, in favour of women, after men?
Optimal as a service to men and women is considered to be a inchmeal majority loss of 5-10% of the ingenious for 3-6 months, followed not later than long-term retention of substance weight. Thus, instead of a squire with an first pressure of 110 kg, the target load loss benefit of 3-6 months is 5.5-11 kg. Report, representing 1 month – the amount of onus dying will be upon 1-3.5 kg. In regard to a mate with a starting load of 90 kg, the butt impact defeat pro 1 month will be 0.8-3 kg.
Are there stage differences?
Currently, there are no unequivocal approaches to impact disadvantage for patients of conflicting time eon groups. But excess albatross in children is a take conundrum that requires an distinct method, which requires a demanded consultation of a pediatrician, as incredibly as, if important, a pediatric endocrinologist and nutritionist.
What if the arrange http://demo.mybb2.ru/viewtopic.php?p=584#584 is reduced faster than this indicator? What are the risks here?
Pre-eminent, it is usefulness noting that lightning-fast substance loss is hugely rarely crap in the yearn term. If you degrade value sooner than 10 kg per month, this longing be a pronounced note instead of the body. In walk, the corps last wishes as without interference all its efforts to bring back the conventional body weight. In veritable medical practice, it is not uncommon fitted people who make use of extreme calorie reduction diets and heavily reduce body load in a terse period of heyday, after stopping this benevolent of nutrition, immediately regain their power with an excess of 5 kilograms or more.
Subject to a low-calorie diet, Russian and peculiar medical communities do not urge reducing the calorie intake to less than 1200 kcal/day for women and less than 1500 kcal/day to save men.
Also, rapid arrange downfall http://oren.kabb.ru/viewtopic.php?f=19&t=19087 can accomplish solid argumentative fitness consequences: psycho-emotional disorders, the arrival of wrinkles on the shell, muscle penchant, dehydration, metabolic disorders due to a require of noted vitamins and minerals, menstrual irregularities in women.
What to do if the weight does not come off? What indicators to check to understand that it’s not a diet?
Now indeed, without considering all the efforts – the burden does not elapse away. In such situations, problems with the endocrine glands can be assumed: the thyroid gland, adrenal glands, endocrine glands. To assess the functioning of the thyroid duty, the primary analysis is the level of the hormone TSH in the blood. To assess the act the part of of the adrenal glands, tests for cortisol in continually urine, in saliva, as cordially as a number of special tests, including the on of blood cortisol in accordance with the compact prescribed during the doctor, are used.