2. What is an audit and who can perform one?

30th November 2023

An audit is an examination of your financial information by an external independent body to understand whether the financial statements of your business reflect a true and fair view. This will include the performance of a series of standard audit procedures on your balance sheet and income statement figures (plus supporting notes) to ensure your financial statements are materially correct.

At Edwards, our statutory audit will do the above while also identifying the strengths and weaknesses of your financial systems and processes, providing you with recommendations on how to improve them should areas for improvement be identified.