Audit and Assurance
Why have an audit? An audit is a helpful and useful exercise for clients to take stock of their business performance - regardless of whether or not it is a banking or legal requirement. However businesses with a turnover of £6.5 million and gross assets (fixed assets plus current assets) of £3.26 million are legally required to be audited. These limits apply from periods commencing after 6th April 2008.
At Bloomer Heaven we are committed to conducting audits ethically and independently. Our audit starts with a full review of your systems to enable us to fully understand how you operate. We not only assess how your business has performed but also identify any risks or weaknesses that could be adversely impacting on growth and success. We therefore add value to your organisation by showing you how further improvements can be achieved.
In addition to carrying out statutory audits we can provide Assurance services to specialist sectors with specific reporting requirements such as Charities and Solicitors. Other areas covered include due diligence, grant applications and bank reports. One of our Director’s, Christopher Stephen-Haynes is a member of the ICAEW panel developing assurance reporting for the SME market. The firm is taking a leading role in promoting assurance reporting and creating a better understanding in this market.
A recent initiative from the Institute of Chartered Accountants in England and Wales has seen the development of Assurance reports. These have been developed to provide an element of assurance to the company’s directors which is more than the traditional accountants’ report but less than an audit report.
As registered auditors we have a commitment to upholding the highest quality and technical standards and our training structure and stringent internal controls ensure that this is achieved. As part of the added value service clients will also receive regular input by way of contact with a director or senior member of staff to ensure that they have all the information necessary to operate their businesses as effectively as possible.
To discuss our services in more detail or arrange a meeting please contact Chris Barlow on 0121 236 0465 or email chrisbarlow@bloomerheaven.co.uk