Mansell & Co
Chartered Certified Accountants
Audit & Statutory
Audit & Statutory Requirements
There are many legal requirements that companies must observe; yet few can justify a full time company secretary. Mansell and Co keep their clients briefed on the ever changing requirements, and provide a service of submitting returns in a timely manner. This protects the position of directors, who have a legal obligation for compliance, and gives shareholders the comfort of knowing that all salient matters are duly reported.
Similar comfort can arise from conducting a statutory audit, even when the business size does not require it. The benefits of holding a statutory audit can far outweigh any costs, so that many companies regard this as an invaluable investment.
A statutory audit helps deter fraud and increases shareholders’ confidence in the directors’ decision making abilities, as well as pointing to issues which are relevant to management decision making. Shareholders trust in the company and its management increases when they have the results of an independent audit.
For corporate and specialist sectors, statutory audit will ensure that legislative controls are in place and procedures being followed. Such sectors include:
- Estate agents
- Financial service organisations
- Legal firms
- Public funded enterprises
- Stock audit
- Travel agents
Call us to discuss our audit service