that provide you with more time to
concentrate on your business...
Good with numbers
Audit and Financial Analysis
Royston Parkin can perform your annual audit and financial analysis with a minimum of fuss and maximum efficiency.
There are many benefits to auditing your business and having an audit and financial analysis. Depending upon the size of your business you may have a statutory obligation to have an annual audit performed – businesses with a turnover of £10.2 million and gross assets (fixed assets plus current assets) of £5.1 million are legally required to be audited – or you may simply choose to have one for peace of mind.
Royston Parkin are registered as auditors and regulated by the Association of Chartered Certified Accountants which means we are fully accountable, giving your business maximum protection and value for your money. Our qualified audit team will perform your audit and financial analysis with a minimum of fuss and maximum efficiency and accuracy.
In addition to giving you reassurance that your accounts are fully compliant with statutory requirements, we view an audit as an opportunity to thoroughly assess a client’s business, identifying strengths and weaknesses in the finances of the business and helping to signpost the way to future success and profitability.
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Royston Parkin can also undertake audits with specific objectives such as:
What is the purpose of a Financial Statement Audit?
The purpose of a financial statement audit is to add credibility to the reported financial position and performance of a business. The Securities and Exchange Commission requires that all entities that are publicly held must file annual reports with it that are audited. Similarly, lenders typically require an audit of the financial statements of any entity to which they lend funds.
Audits have become increasingly common as the complexity of the two primary accounting frameworks Generally Accepted Accounting Principles and International Financial Reporting Standards , have increased, and because there have been an ongoing series of disclosures of fraudulent reporting by major companies.