Why you may need an audit?

We firmly believe that an audit can bring significant benefits to any business. Unfortunately, for some it seems audit has only ever meant a lot of disruption and a large bill at the end.

Of course, for companies with an annual turnover in excess of £6.5million, or a balance sheet of over £3.26million, an audit is a statutory requirement. An audit is also necessary for most regulated bodies, such as charities, pensions and investment trusts.

But whilst not always obvious, an audit can deliver real value to almost all organisations.

• An audit can help to increase investor confidence, enabling you to attract further investment or improve credibility with your lenders.
• An audited set of accounts can be useful in improving your cashflow, allowing you greater access to asset finance, rental agreements and other credit lines.
• The audit process provides an independent level of scrutiny to your systems and record keeping, ensuring that you reduce the risk of nasty surprises in the future.
• If you engage a team of astute and commercially minded auditors, you can benefit from invaluable suggestions that could bring tangible improvements to your future performance.

With Evolution Audit, we are confident that these benefits - and many others - will become clear.