Our Audit & Assurance team have extensive experience supporting clients in a range of sectors, enabling us to provide a comprehensive and reliable service. We can provide assistance in the following key areas:
Auditing is the process of evaluating and ensuring the accuracy of company financial reports. An audit can report on any misrepresentation within your financial records including misuse of funds, fraud, or dishonest activity within the company.
Companies are exempt from audit if they qualify as ‘small companies’ unless they are members of a group or are charities. A company is ‘small’ if it meets two out of the three following criteria for two consecutive years: Net turnover <£10.2 million, Net total Assets <£5.1million, or if they have less than 50 employees.
As professional auditors, we offer a comprehensive service that provides independent insight into your annual accounts using our hands-on approach to auditing. Whether you are large or small, we take the time to get to know the individuals involved as well as being able to provide proactive advice that is tailored to the industry and the marketplace in which your business operates.
As regulations change frequently, you can rest assured that we will ensure you meet any new legal requirements.
Assurance can take place for two reasons; one is to improve the quality of information being taken from financial statistics and the data is used to make key company decisions. The second is to review a particularly risky part of a business and this is commonly undertaken when one company is looking to acquire another.
Company management needs to use risk assessment as a strategic driver for performance. Accurate information is crucial for business decisions and business leaders need assurances beyond normal reporting. Identifying risk is a challenge and can be even more difficult if you’re concerned about systems or processes that may produce inaccurate information. Our Assurance Team can analyse your reports to provide reassurance about your systems and financial reports.
Assurance is also a crucial step if you are looking to purchase another business. We can complete due diligence to ensure their reports are in order and all aspects of employment have been analysed.
If you are looking to undertake a specific project or to boost business development, you may require some additional funding. Our highly experienced team can help to ensure your project to ensure it is reaching its full potential. From there we can suggest the best funding and grant bodies for your business and help to create a comprehensive application. We can also review any specific regulations imposed by the grant-awarding body and recommend changes to ensure you meet them.
We have an extensive professional network and keep up to date with any new grant funding opportunities from both a local and national level. Therefore, you can rest assured that you will be receiving industry-leading advice to help fund your business growth and development.
We ensure your charity accounts are prepared in the correct format to meet legislative requirements and relieve you of the regulatory burden. Our services include Independent Examinations and Charity Auditing as well as a wide range of tailored offerings for the not for profit sector.
Caroline and Alan are both directors at Douglas Home & Co and have been with the firm since the 1990’s. They have extensive knowledge about Audit and Assurance work and provide a comprehensive service to their clients.
“I cannot recommend Douglas Home & Co highly enough. Our family believe their advice is on par with the leading accountancy and tax firms throughout the UK while also delivering a personal and friendly service.”
Small companies are exempt from audit, unless they’re members of a group or are charities. No matter the size of your business, we can provide comprehensive, independent insight into your accounts.
With offices located across Scotland and North England, we can meet where it is most convenient for you
Our specialists have knowledge spanning many different sectors including agriculture, property, hospitality and medical businesses
Our highly experienced directors are involved at all levels of the business, making sure you are getting the best service possible
We take a modern and fresh approach, helping businesses think outside the box and secure exciting opportunities
We work as an extension to your business, getting to know your unique needs
We are business development specialists, helping your business to go further