Reliability and Transparency, that’s what you will get from our audit services. At Corient, we help your auditors reinstate the quality of audits. We help prepare the preliminary work and ensure compliance in the audit process. Our services will also give you an in-depth risk assessment and real insight into your client’s finances.
Place your trust in us to perform all-around audit services for your accounting practice.
Why Choose Audit Services from Corient?
Since 2011, we have handled accounting practices of all sizes and various industries. Our dedicated team of auditors has relieved practices of the burdens of time, cost, and workforce constraints.
We prefer a flexible path while offering our audit services and maintaining contact through a dedicated point person, thus accommodating the maximum number of auditing requirements and maintaining a trusted relationship. Our unique approach, which combines dedication, flexibility, and personal relationships, sets us apart.
What You Can Expect from Our Audit Services
- Access to a high level of expertise and experience within a budget
- Reduction in the likelihood of errors or missed deadlines
- Full engagement and a commitment to resolving issues uncovered
- Flexible working style that will accommodate most of your needs
- A dedicated team to handle your audit requirements
- A dedicated point person to share concerns and clarify doubts
Why Is It Worth Having an Audit Carried Out by Our Audit Services?
Multiple advantages are associated with having your audit work done by our audit services. Some of those advantages are:
Trust and Transparency
It’s not just about handling numbers; it’s about gaining the trust of your clients. While examining the financial records, we ensure accuracy in financial reporting thus reflecting the true picture, which will increase the trust of stakeholders. Also, our service will pinpoint areas of strength and where improvement is required within your practice.
Handling of Regulatory Compliance
Complying with the ever-changing UK regulatory regulations is a difficult task. However, Corient’s audit services will help you ensure that all regulatory requirements are met. By identifying compliance gaps, you can take steps to rectify them, thus reducing the risk of penalties. Through our audit services, we can make your audit process more efficient and robust.
Gain from Our Expertise
Our team of auditors has a wealth of experience in offering customised audit services that will meet your specific requirements. We do not rest on highlighting issues; we offer solutions that will enhance your performance.
Enhancing Operational Efficiency
Using Corient’s audit services, you can gather accurate data and clear insights, helping you make informed decisions. With improved controls and transparency, your practice will be better positioned to scale and thrive in a competitive market.
Our Audit Approach
- We will start with our initial meeting with the audit partner and the end clients to understand the business and any significant developments during the audit year.
- Compiling documents related to audit planning, which includes a range of items such as planning checklists, questionnaires, materiality thresholds, and risk assessments
- Developing the audit plan and selecting samples for audit testing
- Collecting evidence and conducting audit tests.
- Performing analytical procedures and substantive testing on account balances and transaction classes.
- Gathering appropriate and sufficient audit evidence to support findings and ensure confidence in audit assertions
- Thoroughly documenting all audit procedures and their outcomes.
- Concluding the audit phase, including documentation of completion with partners/RI using various checklists.
- Drafting management letters and letters of representation using the firm’s standard templates
- Engaging in communication with the partner/RI to address any points requiring clarification
- Preparing a summary of both adjusted and unadjusted misstatements.
- Providing interim and periodic updates to clients
Choosing the Right Audit Firm in the UK
A right outsourcing audit support service team will streamline the auditing process, removing the burden from your auditors related to time, expenses, and workforce. We have a team of highly trained, qualified, and experienced professional auditors dedicated to processing audit working papers.
Our work will minimise the risk of errors and missed deadlines while maintaining the highest standards of disclosure quality. This will free up your time to pursue new clients and explore opportunities for expanding your firm.
Outsource Audit Support Service
At Corient, our team comprises highly skilled accountants who specialise in performing all accounting procedures carefully, from casting accounts to creating checklists and identifying errors. We are committed to meeting tight deadlines and maintaining accuracy in your reports, allowing you to shift your focus entirely to acquiring new clients and reducing your in-house expenses
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Software Skills
As the trusted choice for service providers for accountancy practices, we have experience with all major accounting, auditing, tax, and payroll software. If your software isn’t on the list, rest assured that our accounting team can seamlessly adapt to your preferred software
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frequently asked questions
How do outsourced audits differ from in-house audits?
In-house audit is done by your internal team, while the outsourced audits will be conducted by an experienced and independent professional. An outsourced auditor will remove the potential for bias and be more critical in its evaluation, thus giving you the accurate picture about your internal controls.
How long does an audit take in the UK?
The time taken to complete an audit will depend on size, scope and requirements of your accounting practice.
How do outsourced audit providers ensure compliance with UK regulations?
A professional outsourced audit provider monitors and follows the current UK financial and regulatory standards thoroughly. The provider achieves this by investing in continuous training for its teams to ensure that compliance knowledge is updated.
What are 3 types of audits?
The three key types of audits are external audits, internal audits, and Internal Revenue Service audits.
What purpose does an audit serve?
The main function of an audit is to express it unbiased opinion about whether the financial statements are accurate and following the established accounting standards.
Schedule a Call With Us Today
If you want to take your Accountancy firm to the next level and increase the quality and efficacy of your year-end accounts preparation services while lowering expenses, contact our professional team today.