The Top Services that are Offered by the Chartered Accountants
Your business will have a host of services that the Chartered Accountants will offer a business which all prove to be of great significance for any kind of business in so far as their financial management and decision making goes and is concerned. Some of the services you will expect from the chartered accountants are such as auditing services, tax services, management consultative services and those services for the small businesses. The following is a look at some of these services offered by the chartered accountants in their deeper detail.
The one of the services we will take a look at first are the auditing services. The auditing services actually do involve the examination of the financial reports as in the statements and these basically form the most significant part of the roles performed by the Chartered Accountants. The law has made it a mandatory requirement for all limited companies to have their accounts and financial statements audited by an independent auditor, in most cases the outside CA’s. The audit process will often involve the steps such as the review of the financial statements as reported, evaluation of the company’s procedure for the collection, reporting and recording of financial information and data, test the systems for the control which the company has instituted for the sake of safeguarding of the company’s assets from the risks of fraud and errors and finally they will publish their opinion on whether the financial reports and statements are a fair view of the actual financial position of the company. As a matter of fact, the auditing services are the kinds of services which will go a long way in ensuring that you have indeed enhanced the confidence you may have placed on the monetary intelligences you have set for your business or organization. Where you have your financial declarations so verified and confirmed to be accurate by the independent auditors, you will be able to have your company winning the confidence and trust of the many interest groups who may have an interest of a kind with your business such as the investors, creditors and analysts as they know they can make accurate decisions when they are looking at a deal with your company.
There are some pertinent qualities that the auditor to work with should have and these are such as being technically qualified and competent for the audit jobs and as well must have no interest of any kind, no affiliation at all with the company they seek to audit and qualify or not their financial affairs. It is always the case that for you to qualify as an auditor, you need to have gone through a system of rigorous training and examination and they are as well advised to ensure that they have no relationship with the company so as to ensure that their personal relationships with the companies do not interfere with their professional relationship and practice and as such render them compromised to give a fair report about the company.