Assurance Reports are a quicker and more affordable way to demonstrate the credibility of your financial statements and the health of your business.
For some small and medium-sized businesses, the costs of a statutory audit can outweigh the perceived benefits. However, there are other forms of assurance that are more cost-effective and can be better suited to the needs of smaller businesses.
A review engagement can often offer the solution – meeting the needs of smaller companies without the cost of a full statutory audit. This form of engagement provides less assurance than an audit, but still increases the credibility of the financial statements – which is of particular use to securing additional borrowings or investment.
Review engagements are prepared in accordance with international standards (ISRE 2400) and are performed by staff with the expertise to carry out a statutory audit. During the process, issues such as going concern, fraud or non-compliance with laws will be highlighted and assessed.
Additionally, the review engagement provides the flexibility for us to offer bespoke advice based on your individual circumstances. As part of the engagement, our accountants will perform a systems review, which can help to optimise your financial reporting processes and help to improve efficiency – reducing the likelihood of errors occurring.
This can provide valuable feedback and assistance to businesses with plans for growth, or for businesses hoping to sell in the future.
Before quoting for our services, we will sit with you over a cup of tea or coffee and discuss your business. Once we have an understanding of your business and its unique requirements, we’ll explain how our service can be of benefit to you.
As a client of Aston Shaw, specialist advice and tailored support come as standard. You can call, email or pop into any one of our offices as much as you like and we’ll always do our very best to assist you.
Other services we provide that may be of interest to you include:
To find out more about our Assurance Reports service, get in touch with our friendly team at any of our offices across the region.