For many businesses, audits are simply a requirement – there’s no choice in the matter and you probably question the benefits. We get that.
So as a result, we seek to use the audit process as an opportunity to properly understand more about your business, its systems, and financial health – and then most importantly, provide you with the essential feedback and understanding to enhance future performance.
We aim to make the process as stress free as possible. Our teams have all of the relevant experience and understand what’s required to streamline the audit process.
Making your business stronger
Even if your organisation doesn’t require an audit, many business owners still want the reassurance that an audit brings. You may be looking to build an additional level of financial assurance or have a specific requirement, such as seeking funding or external investment. Whatever the specific objective, a history of audited financial statements will almost always enhance how your business is viewed – both from an internal and external perspective.
Buying and selling
Outside of the annual audit for your own operation, we have extensive experience when it comes to providing the requisite understanding and assurance associated with acquiring another business or ultimately, the sale of your own company.
We know that across a range of industries, but especially within the creative sectors, you’re likely to be involved in either the acquisition or disposal process at some point, and maybe even on more than one occasion.
When buying a business, it’s imperative to evaluate and understand the key assets, liabilities, and most important elements of the deal. You need to know exactly what you’re buying, and how it fits in with your plans and objectives. Our sector focus and experience is particularly important when undertaking the due diligence and audit aspects, as well as advising on corporate tax, and the wider elements of the transaction.
Forensic accounting Bringing insight, clarity and assurance
Whether you operate in a creative agency, music, entertainment or sporting arena, you’re likely to be developing some level of intellectual property as part and parcel of your normal business activity. Of course, not all that you create results in external revenue streams and similar opportunities, but it’s important to understand where potential value exists, and to then maximise the commercial aspect.
We can support throughout – from identifying the assets, to working with your legal advisors to put in place the appropriate royalty, licence and contract agreements, to ultimately verifying the future income streams and value.
Using a perfect combination of analytical skills, sector experience and financial expertise, we can provide the assurance you require in relation to the income associated with your IP and similar assets.
Ensuring royalties are reported accurately to you, and in compliance with your agreements.
Examining your licence agreements to verify contractual obligations and permissions.
Reviewing your suppliers and partners, identifying any non-compliance and giving you reassurance.
Who can benefit from these audits?