In recent years, the requirement for statutory audits has been relaxed. If your business is exempt from a statutory annual audit, you may think that’s one less thing to worry about.

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However, an audit can still be extremely beneficial for your business because it provides a high level of assurance that your financial statements are accurate and free of errors.

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What’s more, there may be many situations where a non-statutory audit is not only invaluable but necessary for your business.

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Most potential investors and banks will expect to see a recent audit before agreeing additional revenue streams or loan extensions.

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An annual non-statutory audit also provides:

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• Reassurance for shareholders
• Management with ideas for improving systems and controls
• More accuracy in financial reporting and decision making

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We believe that every audit should deliver measurable benefits to your business and assist with your future business planning and strategy, challenge your systems and offer clear guidance on future-proofing your company finances.

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