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Audit Services - an Intrusion or a Value-Added Exercise? by tax cooloola





Audit Services - an Intrusion or a Value-Added Exercise? by
Article Posted: 09/07/2012
Article Views: 55
Articles Written: 32
Word Count: 558
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Audit Services - an Intrusion or a Value-Added Exercise?


 
Business
In some circles the word “audit” can strike business owners and managers speechless with terror, especially if attention to regulatory requirements and standard accounting practices hasn’t been their forte. However, most people in control of a business or corporate entity understand and value the perspective an independent audit of their financial records and processes can provide. Far from being an intrusion, an audit can draw out issues that need attention, identify opportunities for productivity gains and add value to the bottom line of any business.

Charter Partners provides professional, independent audit services to their clients using the skills and knowledge of their highly trained and experienced audit team. Unlike many accounting firms, Charter Partners offers as part of their service, a value-added approach through the insights their experienced staff bring to the audit process. Rather than simply focussing on getting the audit done and handing in a report, Charter Partners works with their clients’ own internal accountants to identify areas of improvement or suggest process flow changes that become apparent to them during the audit itself.

“Charter Partners have just completed our annual audit (this is the third consecutive year we have used their audit services), and from just two suggestions, we found we will increase our profit margin by 1.2%. That doesn’t sound like much, but the gains will come from a change to our paper flow which will cost nothing. Not a bad result at all!” said Vince M.

With a proven and leading-edge methodology and auditors who are equipped with the latest technology to speed the process, Charter Partners can guarantee the accuracy, integrity and professionalism of the work their audit teams produce. The disruption to the normal routine of the business is minimal, and the time spent performing the audit is proportionate to the size of the client’s business. Each client business carries risks unique to that particular enterprise, and Charter Partners ensures that the audit targets those risk areas to expose any flaws. All reporting requirements are checked so the client and their internal accountant Brisbane can be assured that everything has been covered.

“I actually enjoy the audit process as performed by Charter Partners. I have used other auditors, but I find Charter Partners audit teams to be efficient, unobtrusive, and very sharp when it comes to finding holes in our accounting systems. When I deliver their audit report to my Board, I feel confident that the results are an accurate reflection of the state of the business,” said Orson T.

Risk is a natural part of any business environment, but if it is recognised and managed effectively, there need not be any major disruption to the normal business cycle. Many of Charter Partners’ clients are grateful for the objectivity offered by the audit process in terms of identifying areas of risk that the business had not previously considered. Every business manager knows that being “inside” the business can create a blinkered approach to risk, so having an external and independent party identify areas that may need attention is an added audit bonus.

If you are a business owner or manager scouting the scene for an efficient auditor, go no further than Charter Partners. They are totally client-centred with an audit team of highly skilled technical specialists who will provide professionalism and clarity during the performance of the audit.

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