Audit

An audit can help put your processes under the spotlight and help you tighten your organisation. Here are five benefits of having an audit.

The type of audit you have will vary depending on how you work, the amount of time you have for the process, and how your business is structured.

Although the audit process can be daunting and time-consuming, there are several reasons why getting it out of the way could help you.

Businesses and charities over a certain size are legally required to have an audit. But what exactly is an audit and why do you need one?

Whether you’ve hit the threshold for the first time or have opted for a voluntary audit, there are a few things to be aware of – and some common mistakes we see among first-time audit clients. The key is to get things right from the start, and that means good records, minutes and governance.

Audits tend to be confusing and shadowed by a layer of jargon that can make business owners doubt their usefulness. Here’s what you need to know.