We provide a tailored and cost-effective statutory audit for businesses across Ireland, providing added-value advice and support via experienced and insightful advisors.
Our professional audit services are provided by Saffery Champness Audit Limited. We aim to ensure that the auditing process is straightforward and seamless for you, building a time-efficient and constructive relationship with you, and being proactive in letting you know what we need and when. We plan our statutory audits to meet your compliance needs and review any areas of concern you may have.
We focus on offering a tailored and cost-effective auditing service focused on keeping your business compliant with changing rules and professional standards, as well as helping you to achieve your business objectives.
Rather than rolling out a standard process, we provide audit and assurance services that are tailored to suit the specific needs of our clients.
We design and focus our audits on the risks affecting your organisation and the systems and controls that address these. We work closely with clients to ensure that our work is efficient and effective. Effective communication is key, to ensure the scope of and approach to our work meets clients’ specific needs and information requirements.
We are on hand year-round to bring insight and provide proactive advice. We advise on compliance with relevant disclosure and accounting guidance (eg Companies Act and FRS 102).
Saffery Champness Audit Limited is registered to carry out audit work in Ireland by Chartered Accountants Ireland.
Statutory audits are legally required to review the accuracy of a company’s financial records. The purpose of a statutory audit is to determine whether an organisation is providing a fair and accurate representation of its financial position by examining information such as bank balances, bookkeeping records, and financial transactions.
Your company must have an audit if at any time in the financial year it’s been:
A Markets in Financial Instruments Directive (MiFID) investment firm or an Undertakings for Collective Investment in Transferable Securities (UCITS) management company.
A corporate body and its shares have been traded on a regulated market in a European state.
As seen above, not all businesses need an audit, but that does not mean you should not get one done. If you are a growing business or considering a sale/merger, a voluntary audit could help identify areas of risk, highlight the potential improvement in your business, and make you more appealing to investors.
There are many advantages to having a statutory audit completed. It can offer the following benefits:
Improves the trustworthiness of published financial statements.
Safeguards the management that they have performed their statutory duties appropriately.
Gives assurance to management that they have complied with non-statutory requirements, such as corporate governance requirements.
Provides insight on the efficacy of internal controls.