An audit provides confidence for all stakeholders including investors and shareholders.
We tailor our services to fit your organisational needs and requirements in line with auditing standards in the UK (ISAs (UK)).
Audit can add value to the financial statements prepared, improve profitability and internal controls. The Harris audit team will assist you at every stage of your business from start-ups to scaling up.
Most SMEs and third sector organisations do not legally require an audit of their financial statements, however, many of these still choose to have one voluntarily.
Audited accounts are most preferred by lenders, investors, and grant providers as it provides assurances to them that the business has strong internal controls and the results are accurate. An audit will help identify risks and how best to minimise them. It also provides you with better opportunities should you come to sell your business or seek financial investments.
As your business flourishes, your organisation will be required by law to produce audited accounts once you reach the threshold for businesses or charities. Audits provide a wealth of information that can be used to help the business grow and become more profitable by fine-tuning the areas of weakness that would be identified.
Our accountants and auditors have a passion for delivering quality and timely audit and accountancy services to businesses by having a personal and hands-on approach.
The audit thresholds are much lower for Charities than normal businesses. Charities may also be required to prepare audited accounts to meet the conditions of a grant. An audit should not be viewed as a burden but rather an opportunity for the charity to show its stakeholders all the hard work that it carries out by publicising its goals and achievements. It also provides additional assurance to donors, grant providers, and the general public.
At Harris, we tailor our audit approach to best suit your charity’s risk profile as we understand each charity is different. With this risk-focused approach, we are able to carry out effective audit testing that leads to constructive feedback which can be used to improve or enhance your Charity’s internal controls and sustainability.
The audit report will provide the external stakeholders the assurance that the charity is carrying out its aims and objectives according to the standards expected as well as give the trustees an opportunity to review and improve the internal systems and minimise risks.