If we say “audit”, the words that probably spring to mind are ….. confusing, boring and why? Are we right?
Business owners often ask us why an audit is required and also what value can it add to their company? Many even see the annual audit as a time consuming, tick box exercise that is a necessary evil with little to no benefit to the profitability to the business.At RBL, we understand this and that’s why our focus is on providing practical advice to help our clients achieve their goals. This can range from ensuring systems and procedures follow best practice to maximising business growth and profitability potential. It’s a Value Added Audit, with a range of assurance services that not only ensure compliance but, add value by providing you with recommendations on process improvements, efficiencies and tax savings.
So what does an audit do?
Audits are an integral part of the financial system, aiming to provide assurance to a wide range of stakeholders. It can instil trust and confidence in a company’s financial statements but it can also bring further benefits in terms of deterring fraud and ensuring the company is performing as efficiently as possible.
RBL’s Added Value Audit service
At RBL, we go beyond the basic service. We gain a full understanding of all of our clients’ businesses and the industries they operate in. This isn’t just a matter of knowing what the company does and what it hopes to do, but stepping back and looking at the big picture. Understanding what the current issues affecting the business are and how we can help our clients move forward. This overview allows us to provide invaluable insights and new ideas of how to improve the business, really allowing the business owner that opportunity to get an outside in view of their company and its potential!
More than a once a year thing…
If you’re honest, how many times during the year do you see or talk to your auditor? Most often, the answer is once or maybe never actually meeting face to face. At RBL we believe that an audit or any type of assurance project should be the start of a working relationship, with the opportunity to discuss matters or any other issue as they arise. We want to talk to you, update you and hear your feedback on how the business is performing. We want to measure against previous performance and make sure your business is going in the right direction and tweak anything that might stop this growth.
We know what we’re talking about…
The RBL team has worked, both individually and together, on a huge amount of assurance projects across a vast range of sectors. We’ve seen the best, and worst, but this experience allows us to provide a genuine benchmarking service, ensuring our clients are operating at the best possible level. We pride ourselves on our up to date knowledge of standards and regulations, and, most importantly we tell our clients ahead of time if there is a new accounting standard or potential issue so there are no surprises.
We’re passionate about turning standard accountancy services into something relevant and valuable to your business. We can deliver a full range of compliance services from management accounting to statutory accounts preparation and audit services, always tailored to your business needs, no off the peg solutions.
Contact us today to set up a free consultation to see how we can help your business succeed.