Audit

To comply with company law, there is a statutory requirement for an annual audit to be undertaken by certain companies and other bodies. As it is a statutory requirement, it can be viewed by some as a necessary evil and not adding value to the business. However, well undertaken audit services go beyond basic legal and technical obligations and the routine tasks set down in a typical audit assignment. I consider audit and assurance services to be an opportunity to do more for you, an opportunity to proactively consider matters such as financial and management structures, information and communication systems, strategic business planning, tax planning and so on.

As a holder of a Practising and Auditing Certificate from the Institute of Certified Public Accountants of Ireland, my approach follows the International Standards on Auditing (UK & Ireland).

I believe I can deliver:

• a well managed annual audit function which will support corporate objectives and add value to the organisation;

• timely delivery of service;

• certainty of fees;

• specialist audit team;

• efficient and cost effective service with assurance of strict quality control.

I will conduct, and initially plan, the audit assignment in accordance with the International Standards on Auditing (Ireland) ("ISA's"). This planning involves establishing the overall audit strategy for the engagement and developing an audit plan. Audit fieldwork is carried out in accordance with the ISA's focusing my work on the key risk areas of the financial statements which have been identified at the planning stage.

At the end of the audit fieldwork, I will prepare and present a board clearance document to include a financial summary, a review of key performance indicators, as well as a formal management letter setting out detailed points on all the entity's financial affairs together with my recommendations. The management letter is more than a commentary on financial system issues of the entity; it is a key method of adding value to my clients. Ultimately, an audit opinion will be granted with the report signed to allow the financial statements to be issued in an efficient and timely manner.