Audit

Whether you report under UK Generally Accepted Accounting Practice (UK GAAP) or International Financial Reporting Standards (IFRS), our audit service is more than a formality – it’s a necessity to protect your business and encourage it to thrive. 

Early warnings, open communication and pragmatic resolution of issues are the essential features of the approach we take. We take the time to gain a thorough understanding of your business to enable a smooth and efficient audit. Our audit is a risk-focused service integrating rigorous risk assessments with diagnostic processes and audit testing procedures tailored to your specific needs. This quality-led approach means we provide an intelligent, constructive and challenging audit.

As part of our audit solution we will:

  • Plan work based on our discussions with you, our knowledge of the business, its activities and environment, and our experience of the sector.
  • Agree the audit plan to meet your requirements, set the timescale and key dates.
  • Carry out an independent review of your business and advise you on systems and controls.
  • Ensure that your financial statements are compliant and well presented and create a positive impact.
  • Utilise the latest technology in auditing and accounts production software.
  • Provide you with a comprehensive management letter, which summarises the audit findings.
  • Meet with you to discuss the audit and highlight the risks and opportunities that our process has identified.
  • Our approach is supportive and proactive – we want to help you through the process!

Inflo: the purpose built cloud based software providing a revolutionary new audit experience

As part of our audit process we are able to offer our clients the option to share information and upload audit deliverables to a secure cloud based portal provided by Inflo Software Limited.   We use the software to deliver a more focused and innovative audit.

Stay secure and connected

Providing information to us is easy. Inflo connects directly to your accounting system and extracts key financial data, meaning your team have to run up to 30% fewer year end reports.  ISO 27001 cloud portal keeps your data safe and secure.

Trust intelligent & risk-focused analysis

Our intelligent algorithms, which analyse 100% of transactions, give an informed view of potential fraud risks and inconsistencies against comparable peers.

Be efficient and flexible

Make duplicate requests, miscommunication and audit inefficiencies a thing of the past. Inflo allows you to provide information when it is available, smoothing out the year end audit process. This gives you the flexibility to fit the audit around other commitments and minimise the disruption to your team.

Dashboards provide full visibility of the audit status and upcoming deadlines. Filters identify actions required and mobile devices can even be used to effortlessly upload information.

Have access to insightful & valuable data

Inflo delivers you valuable benchmarking dashboards, comparing key performance indicators against peers of a similar size, in a similar industry or on the same IT system as you.

See your business in a new light, assess business processes and identify areas for improvements.