At Hamilton Coopers, we know something about business. We have been helping businesses develop and grow with our proactive and personal accountancy, business advisory, audit and tax services. We know that our clients work hard to achieve business success and personal financial stability – and our clients know we are working hard to help them achieve the same goals, by providing flexible, forward-thinking advice and services that deliver real value for money.
If you wish to know more about our services, or would like to arrange a free initial meeting in order to discuss how we can help you in more detail. Please contact us
Phone 01622 277 057
The main reasons why you will be required by law to have a statutory audit are.
· Your turnover exceeds £6.5 million or your gross assets exceed £3.26 million or the company is part of a group that exceeds those limits;
· You are a PLC or a banking, insurance or finance company (or a subsidiary of one of these);
· You are required by your professional or trade organisation to have your accounts audited;
· Your shareholders do not agree to opting out of the audit.
We aim to deliver hassle free audits and there are good reasons for having an audit even if you are not required by law to have one.
An audit involves a detailed review of the company's accounting systems and systems of control and also requires a detailed understanding of the company's business. Such a review and knowledge can provide increased opportunities to provide proactive business advice on many matters; An unqualified audit report can improve the status of the accounts in the eyes of banks and commercial lenders, the Taxman and suppliers who may be seeking credit references, etc;
A history of accounts with clean audit reports can also be a factor if you ever wish to sell the company or, perhaps, take it to the market; The possibility of fraud can be reduced and an audit can act as a deterrent to any potential fraudster.
Please contact us for more information.
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