Audit & Assurance Reports
When looking at a balance sheet, an audit can be a valuable asset. You won’t see it disclosed between stock and debtors, but it’s often just as important to a user of the accounts. A Mercer & Hole audit is a stamp of quality attesting to the accuracy and validity of the information contained within a set of accounts.
An audit is also more than that. The process itself, when properly planned and executed, will address business risks and weaknesses and suggest improvements which will be beneficial to the organisation and help protect shareholders’ interests.
Many smaller, privately held companies are no longer required by law to have their annual accounts audited. However, many companies which are now exempt still choose to have an audit, either to satisfy the requirements of certain lenders or for the benefits outlined above.
In addition to corporate audits, we have specialist teams that deal with:
- Pension Schemes
- FCA Regulated Organisations
- Professional Practices
- Assurance Reports
Increasingly common, these can be designed to suit a specific requirement. They can be on the accounts as a whole, where an audit is not a requirement, or on a particular aspect of the business (stock, financial controls etc). They can be addressed to the company, the shareholders or a specific interested party.
If you would like to understand your audit requirements, or to discuss the benefits an audit or assurance report might be to your business, please contact one of our team or look at our Business News for articles and discussion.
Public Company Accounting Oversight Board (PCAOB)
As part of our commitment to provide international services to UK companies and foreign organisations, Mercer & Hole has registered under the US’s Public Company Accounting Oversight Board (PCAOB). The PCAOB is a US private sector, non-profit organisation, created by Sarbanes Oxley Act 2002, to oversee the auditors of public companies in the US.
As a result of this registration Mercer & Hole can act not only for subsidiaries of private US companies but also for subsidiaries of listed US companies, even when the UK company is a ‘substantial’ part of the group.