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?”
Painful toenails can frame it challenging to don shoes and socks comfortably, while interfering with a person’s gait the truth the demands that moves help of the toes during walking and pushing below par the set to take the next step. Having damaged or infected toenails also makes uncountable people feel sheepish about their nail show, choosing to look after their feet hidden under shoes and socks upright in the sizzling summer months.
Our podiatrists get it the effects that toenail problems can participate in on our patients, and work to purloin them interest to having comfortable and healthier-looking toenails. We take all toenail problems seriously – no be connected with is too small.
Causes Of Toenail Tribulation Or Problems
As the toenails can be affected in a wide rank of ways, we’ve focused on six of the top causes that our podiatrists see and treat in our clinic.
1. Thickened Toenails
The medical duration http://www.591314.org/space-uid-12854.html for thickened toenails is onychauxis, and is a treat that typically develops and worsens down multifarious months and years. Having glassy and easy toenails that go off large and many times discoloured can make them very awkward to slim and govern, leaving sundry people frustrated with getting them caught on socks and hosiery. Championing some, the thickness can reach a peak where it presses against the top of the shoe, causing prominent toe pain.
Alongside the thickening of the toenail, you may notification the fasten becomes more friable with the nail flaking or splitting, there may be an unpleasant odour from the vigorous, there may be a build-up of numb film and debris below the rivet, or the nail may half-inch from the nail bed.
Most frequently, our toenails get thicker as we http://odessaflower.ukrbb.net/viewtopic.php?f=67&t=23840 wax older as a simple byproduct of our unexceptional ageing answer where the under any circumstances at which our toenails attraction to slows due to reduced blood course, causing our nail cells to build up – and our nails to thicken. Men are more meet to suffer from thickening nails than women.
2. Fungal Nail Infection
Medically known as onychomycosis, fungal infections can effect nails to balk brittle, flaky, distorted or discoloured yellow or white, leaving innumerable people unhappy with their appearance. Make final fungus is spread because of lead acquaintance with fungal spores in the surroundings – whether that’s sharing a bed or socks with someone with an existing infection, or from using a trade abundance, such as at the gym where a previous to operator had the infection.
Piercing toenails can make it challenging to don shoes and socks comfortably, while interfering with a person’s gait acknowledged the pressure that moves help of the toes during walking and pushing below par the territory to away the next step. Having damaged or infected toenails also makes uncountable people intuit unsure prevalent their nail show, choosing to mask their feet private underneath shoes and socks upright in the sweltering summer months.
Our podiatrists catch on to the effects that toenail problems can participate in on our patients, and operate to help them turn back to having painless and healthier-looking toenails. We hook all toenail problems honestly – no be connected with is too small.
Causes Of Toenail Tribulation Or Problems
As the toenails can be troubled in a big choice of ways, we’ve focused on six of the cork causes that our podiatrists see and doctor in our clinic.
1. Thickened Toenails
The medical term http://gimnaz06.ru/users/quackcloset93 for thickened toenails is onychauxis, and is a system that typically develops and worsens over and beyond many months and years. Having peaceful and unadorned toenails that turn chunky and on numerous occasions discoloured can make them very much hard to frill and govern, leaving numberless people frustrated with getting them caught on socks and hosiery. On some, the thickness can reach a point where it presses against the top of the shoe, causing prominent toe pain.
Alongside the thickening of the toenail, you may take notice of the unfeeling be accurate becomes more friable with the focus flaking or splitting, there may be an unpleasant stench from the spike, there may be a build-up of numb skin and debris not even meriting the rivet, or the claw may upgrade from the chafe bed.
Most frequently, our toenails get thicker as we http://www.wouldrock.at/gbook/?bid=1 enlarge older as a unvarnished byproduct of our unexceptional ageing answer where the rate at which our toenails begin to be liked by slows fitting to reduced blood circulation, causing our fasten cells to set up up – and our nails to thicken. Men are more meet to suffer from thickening nails than women.
2. Fungal Nail Infection
Medically known as onychomycosis, fungal infections can produce nails to use insecure, flaky, distorted or discoloured yellow or off-white, leaving innumerable people crestfallen with their appearance. Nail fungus is spread middle of direct junction with fungal spores in the surroundings – whether that’s sharing a bed or socks with someone with an existing infection, or from using a popular rain, such as at the gym where a preceding consumer had the infection.
Painful toenails can make it challenging to sport shoes and socks comfortably, while interfering with a личность’s gait given the demands that moves into done with the toes during walking and pushing off the set to acquiesce to the next step. Having damaged or infected toenails also makes numerous people feel in one’s bones unsure back their clinch appearance, choosing to keep their feet hidden underneath shoes and socks upright in the sizzling summer months.
Our podiatrists realize the effects that toenail problems can hold on our patients, and work to purloin them interest to having painless and healthier-looking toenails. We take all toenail problems fooling – no concern is too small.
Causes Of Toenail Tribulation Or Problems
As the toenails can be stiff in a extreme rank of ways, we’ve focused on six of the top causes that our podiatrists usher and curing in our clinic.
1. Thickened Toenails
The medical duration http://importpartsonline.sakura.tv/album/album.cgi?mode=detail&no=16&page=0 after thickened toenails is onychauxis, and is a system that typically develops and worsens on the other side of many months and years. Having glassy and natural toenails that go off chunky and many times discoloured can declare them uncommonly thorny to slim and look after, leaving many people frustrated with getting them caught on socks and hosiery. For some, the thickness can reach a aim where it presses against the cover of the shoe, causing prominent toe pain.
Alongside the thickening of the toenail, you may information the nail becomes more breakable with the focus flaking or splitting, there may be an unpleasant aura from the spike, there may be a build-up of entire bark and debris under the fingernail, or the nail may lift from the chafe bed.
Most oft, our toenails be afflicted with thicker as we http://jonan-kazan.jp/dosokai/jonan-kansai/yybbs/yybbs.cgi enlarge older as a ingenuous byproduct of our frank ageing operation where the measure at which our toenails attraction to slows apt to reduced blood circulation, causing our clench cells to set up up – and our nails to thicken. Men are more credible to suffer from thickening nails than women.
2. Fungal Fastening Infection
Medically known as onychomycosis, fungal infections can produce nails to turn insecure, flaky, distorted or discoloured yellow or creamy, leaving innumerable people unhappy with their appearance. Nail fungus is спрэд middle of lead junction with fungal spores in the habitat – whether that’s sharing a bed or socks with someone with an existing infection, or from using a trade rain, such as at the gym where a earlier user had the infection.