Audit and Assurance Services
We carry out voluntary and statutory audits for start ups and SMEs, growing businesses, charities and pension schemes.
Audits are an ideal opportunity to check the pulse of your financial management and reporting systems and act accordingly.
Audits can provide the vital information – on areas such as tax, information technology and personal wealth management – which can vastly improve the way your organisation operates.
After being fully briefed, our audit team is led by a partner and manager with first-hand experience of the needs, aspirations and fears of each individual client.
Audits allow you to identify potential threats caused by vulnerable aspects of your business in areas such as accounting, reporting and internal controls.
At the end of the audit you will receive a comprehensive written report which highlights matters in need of attention and advises on how to deal with them.
While you may not need a full voluntary audit, a financial review is a flexible and cost-efficient alternative which delivers similar benefits.
As well as looking at the basics of accounting and reporting, they can be designed to examine aspects of your business which tend to change from year to year.
Ignoring the risks of not carrying out an audit or a review is a dangerous game and could hinder your firm’s success.
As well as giving you the peace of mind that things are running smoothly, they can shed new light on your accounts and reveal weaknesses or untapped opportunities within the business.
Compliance with accounting rules
All companies must comply with the rules and regulations which apply to record keeping and accounts. In particular:
- Proper accounting books and records must be kept
- Annual financial statements must be prepared in line with the Companies Act and accounting standards to give a ‘true and fair view’ of company affairs
- Full or abbreviated accounts must be filed at Companies House
Even if we do not report on your accounts as auditors, we can ensure that your books comply with the relevant rules and reflect the information you have supplied to us.
We can also advise you on the records you should keep and the format of the accounts you need to file.
Managing your finances
Throughout the evolution of a business, an ever-changing range of external services will be required.
Fortunately RMT can help you at every step of the way. We can advise on financing and refinancing, budgeting, cash flow projections and management, liaison and negotiation with banks, identifying tax problems and potential savings and even flotation.
Our bespoke services are supported by the insightful knowledge of your business that we gain as auditors, or in preparing your accounts and financial reviews.
The business assurance department works closely with other areas of the firm and we always bring in our tax and other specialists to ensure there is a constant focus on tax efficiency and growth opportunities.
If necessary, we can dispatch interim staff such as finance directors or financial controllers to your business and set up a ’remote access’ bookkeeping facility.
We can make a difference to local authorities, health authorities, and not-for-profit organisations with our risk management and internal audit services.