REDUCING BUSINESS RISK
AUDIT AND ASSURANCE
REDUCING BUSINESS RISK
AUDIT AND ASSURANCE
Let us help you turn a negative into a positive by making the most of the annual statutory audit.
Our audit approach is geared to providing our clients with audit and assurance services that provide real tangible value to help them run a more robust business.
Currently, all of our limited company and LLP clients with turnover or assets over the statutory audit threshold are obliged to have a statutory external audit. We also have a number of clients who are required by their bankers to have an audit, or whose shareholders are looking for extra assurance about the numbers.
We do our best to make sure that you can derive as much benefit as possible from a statutory audit, ensuring that our approach and techniques will help you understand the key business risks and what you can do to mitigate these to deliver a stronger platform for future growth.
An often ignored, but very important, additional benefit of an audit is to keep your team on their toes in the knowledge that their adherence to your systems and processes will be examined annually.By sharing with you our findings and recommendations we will help you improve your control environment and make your internal processes more efficient.
For example, procedures can include tests on any part of the financial statements, namely, trade debtors, trade creditors, purchases, sales, etc. We carry out procedures and techniques of an audit nature, without the additional requirements of the regulatory audit process.
Whether you are looking to satisfy internal or external needs, for example, where the management is different to those responsible for governance, our tailored package of assurance services will add credibility to your published financial information.
For those clients who are not required to have, nor wish to pay for, a statutory audit and who wish to receive greater assurance than can be provided by the production of annual accounts, we offer a tailored package of assurance services, which allows clients to choose those services they derive the most value from. We work with you, helping you see and think beyond the numbers, while at the same time helping you understand what they really mean. Our work can help you plan with confidence and assist in the delivery of your growth strategy.
You may be looking for independent, objective assurance on your business’s financial statements and control environment. We help you identify the key areas of your financial statements and perform procedures that enable us to produce useful findings that lead to improvements in your financial information, internal controls and operational processes.
Last but not least, we take our own technical expertise very seriously. We are registered with the Institute of Chartered Accountants in England and Wales to carry out audit work and we are specially qualified to audit a number of regulated sectors including FCA regulated businesses, solicitors, pension schemes and charities & non-profit organisations.
For over 30 years Ryecroft Glenton have looked after the audit and tax compliance requirements of J Barbour & Sons Limited and all financial aspects of the Barbour Foundation and family trusts. Their hallmark throughout has been outstanding levels of personal service coupled with deep and highly impressive knowledge of whatever subject is at hand. Their support to every aspect of our family business is outstanding and I would strongly recommend the firm to prospective clients.
Ryecroft Glenton isn’t part of the ‘blandscape’ of today’s overly corporate service firms. They will give a clear opinion to help you steer your business decisions. The team are smart, street-wise and some are even charming! (But obviously I don’t say that to their face!) They know their stuff and offer that guiding hand through all the reg and compliance red tape that fries an entrepreneur’s brain.
The Solicitors Team led by Ian are very knowledgeable and their annual visit always gives us peace of mind that we’re complying with the rules to the best of our ability. We find the annual process quick, clear and much more detailed than our previous advisors. Whenever I have a problem or query, I just call them and always get the support I need. I also find Ian’s experience of other firms very useful when discussing future plans or current performance. When we asked Ryecroft Glenton to quote for our compliance work, we were pleasantly surprised…they charged less than our old advisors and yet their work was more detailed. A win win for everyone!