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What are the benefits of assurance?

An assurance assignment is an independent and professional service involving a review of a business’ financial procedures and controls to help improve the information that managers, directors and owners receive with which they make important day to day business decisions.

Does my business have to be audited?

The audit regime only applies to limited companies and LLP's. Unincorporated sole traders and partnerships are exempt whatever their size.

Can audit fees be paid in advance?

The timing of the payment of audit fees is agreed between the company and the auditor. Some auditors require part of the audit fee to be paid up front with the rest paid as the audit progresses.

Why are Audits important?

An audit is important as it provides credibility to a set of financial statements and gives the shareholders confidence that the accounts are true and fair.

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