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Independent assurance of the reliability of financial accounts or other operating statements can provide considerable benefit to executive management, stakeholders and many others who seek to minimise commercial and compliance risk.
Assurance can take the form of a statutory audit for limited companies, which is a requirement under the Companies Act for certain companies, or an assurance engagement for pension schemes, solicitors, estate agents, FSA regulated clients or other specialist regulated entities. A non statutory audit can also have great advantage for non regulated entities; for example small limited companies with good growth prospects which are seeking to rely on substantial borrowings to finance their development.
We firmly believe that audit and assurance can be a value added tool for management and business development.
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