FAQs
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An audit report is made solely to the company's members, as a body, in accordance with section 193 of the Companies Act 1990. Audit work is undertaken so that the auditor might state to the company's members as to whether the financial statements given are a true and fair view in accordance with Generally Accepted Accounting Practice in Ireland and are properly prepared in accordance with the Companies Acts, 1963 to 2005. Auditors also report to the members whether in the auditors' opinion: proper books of account have been kept by the Company, whether at the balance sheet date, there exists a financial situation requiring the convening of an Extraordinary General Meeting of the company and whether the information given in the directors' reports is consistent with the financial statements. In addition, the auditors state whether they have obtained all the information and explanations necessary for the purposes of the audit and whether the financial statements are in agreement with the books of the account.
The audit reports to the members if, in the auditor's opinion, any information specified by law regarding directors' remuneration and directors' transactions is not disclosed and where practicable, include such information in the report.
- Speed and efficiency of the audit.
- Disruption within the office caused by the audit.
- Distraction by immaterial issues.
- Transparent fees - Do you get a quote?
- Does it make a positive contribution to your business?
- Does it identify potential cost cuts?
- Does the company have confidence in the auditor?
- Is there a good relationship between the auditor and company?
Yes, accounts can be prepared under IFRS or Irish GAAP.
We are committed to delivering an audit that adds value – our partner-led service gives you much more than just a basic check-up: at a cost you can afford.
- We work to understand your business, its goals and its issues, bringing extensive sector knowledge and experience to the task.
- We work with you, offering continual attention – not just at the year-end.
- We adopt a risk-based approach, carrying out an up-front risk assessment that focuses on your business's key concerns and identifies potential threats.
- We can flag up other potential issues, mainly financial, that may affect you and help you solve many of the problems you face, thereby helping you to achieve your business goals.
- Subject to independence constraints, we can also offer pro-active advice on improving your financial health, including practical suggestions to correct accounting and systems weaknesses.