What is an Audit?
An audit is a statutory requirement, needed for certain companies which is strictly controlled by the Companies’ Acts. In certain instances your bank may also require your books to be audited by an independent auditor.
Not every accountant can act as an auditor. They need to be a professionally qualified accountant and have a licence that is monitored regularly by government through professional bodies such as The Institute of Chartered Accountants, The Chartered Association of Certified Accountants and the Certified Public Accountants of Ireland. Here at MCAL we have practising members of each of these professional bodies in our in-house team.
The trend in the accountancy profession as a whole over the last number of years has been for the small practitioner to give up auditing because of the high degree of regulation that is attached to it. Here at MCAL we have our own dedicated audit unit and this allows us to provide you with the professional service you need.
Having an audit prepared should be considered an opportunity to evaluate and develop your business. Audits can be highly effective and should have a positive impact on your business. They provide companies with an opportunity to take stock of their achievements, identify the strengths and weaknesses in their accounting procedures and internal controls and make plans to improve their business in the future.
We are Registered Auditors and have many years experience in providing auditing services to a wide range of limited company clients. The aim of a Murray Cloney audit is to provide a professional, independent and constructive evaluation of your business. The audit will enable us to assess business performance, discuss problems and provide advice on how to implement practical changes.
You can expect Murray Cloney to provide you with recommendations as to how you can improve performance and develop your business. The audit process should prove beneficial as well as a valuable exercise for our clients.