Audit and assurance
Audit
We look beyond the balance sheet.
Developed with finance directors, audit committees and non executive directors, our audits are designed to be streamlined for efficiency.
Every audit is overseen by our incredibly knowledgeable partners, who champion our pioneering tech. Just upload your documents to one simple hub and we’ll take it from there.
An outsider’s view on your inner workings
We get it. An annual audit can be a burden – sapping time, energy and money. And it’s true that an inefficient audit, with inexperienced auditors, can be painful. That’s why our experts use their huge breadth of knowledge and years of experience combined with technology to make the process as efficient as possible.
Whether you’re a small team of two or corporate business house, we’ll deliver high-quality and independence. Our services include voluntary and statutory audits, as well as other assurance services. As an ICAB and FRC regulated auditor, we have experience conducting audits for all sizes and types of business across a broad range of sectors. With a trusted, tried-and-tested process, you can guarantee an audit will add real value – and can be a powerful tool for internal and external stakeholder management.
What’s the process for an audit?
Our audit process breaks down into a series of simple steps:
1. We define a strategy
Once we understand your objectives and business procedures, our experts then tailor an audit approach to you.
2. Planning
In accordance with the International Standards on Auditing (ISAs) we adopt a risk-based approach to audit and prioritise resources where they’ll deliver the greatest benefit. Our specialists will assess the key day-to-day risks faced by your business and consider how these could impact on the financial statements – then plan their audit process accordingly.
3. Fieldwork
Next, it’s time to gather as much information as possible in detail. We can perform this remotely or at your premises, whichever you prefer – we like to give our clients the choice. This can be asking questions, running tests or collecting samples. Once we have everything we need, we’ll be in contact, keeping things as simple and efficient as possible.
4. Communication and reporting
Our experts thrive off clear and open conversation. That’s why throughout the entire audit process, they’ll maintain regular communication and keep you up-to-date with regulatory developments or changes that could affect your business.
Ready to get started?
If you’re looking for an independent audit, or want more information, our experts are ready and waiting to help you. Plus with experts across multiple tax and finance areas, there’ll always be an expert at hand at K. Abhijit & Co.
To start your journey with us, get in touch below, and one of our experts will arrange an introductory consultation.
What types of audits do you offer?
Statutory audit
If your company meets for a statutory audit, our experts can deliver the necessary review of your accounts efficiently in line with statutory requirements. They’ll also highlight new opportunities and identify improvements to your business processes. It will add value and could also win the trust of your customers, investors and stakeholders
Voluntary audit
When you choose to go through an audit process voluntarily, you send a strong signal to potential lenders and investors about your credibility. You’ll get the same benefits as statutory clients, but with greater value as your business strives towards growth. Plus, when your business grows to a size where an audit becomes statutory, your accounts will already be in the best possible shape.
What is the process for an audit?
- We define an audit strategy
- Planning
- Fieldwork
- Communication and reporting