IN SIMPLE WORDS
What can we help with?
We review the proposed appointment and the company’s reporting needs before accepting the audit. The work is then planned around its activities, balances and supporting evidence.
Does this sound familiar?
You are discussing a company-auditor appointment.
The annual accounts are being prepared.
You want to organise audit information in advance.
AN EVERYDAY EXAMPLE
The balance sheet includes customer dues and loans. The company gathers the schedules and evidence behind those balances for the auditor.
Illustrative situation, not a client case study.Who prepares the company’s accounts?
Management is responsible for the accounts and information supplied. The auditor evaluates the evidence and reports under the applicable requirements.
A useful point to keep in mind
Management prepares the accounts and provides the necessary information. The auditor evaluates evidence and reports under the applicable framework.
WHAT WE CAN HELP YOU DO
The work, clearly explained.
These are the tasks we can discuss for this service. Your proposal will confirm which ones are included.
- Appointment and independence assessment
- Audit planning and information request
- Financial statement audit procedures within the engagement
- Reporting and communication on completion of the work
What you can ask for at completion
- The reporting documents appropriate to the accepted audit engagement
- Communication of matters requiring management attention
- The agreed handover of reports and supporting schedules
Know what you need to send, what the team will do and which records you will receive.
YOUR PREPARATION CHECKLIST
Start with what you have.
You do not need everything ready before speaking to us. Use this list to organise the first handover; we will explain any additional requirements.
Tick what you already have. You can still contact us if something is missing.
Describe your requirement in the enquiry form. Share financial documents only through the channel agreed with the office; do not enter passwords or OTPs here.
Ask about my documentsFROM FIRST MESSAGE TO COMPLETION
Three clear steps.
Discuss the audit
We review the appointment, purpose and reporting period before acceptance.
Prepare and review the records
The accounts and supporting evidence are reviewed; questions are followed up.
Complete the reporting
Findings are discussed and the appropriate report is completed after the work.
FEES & TIME
What affects the quote?
Tell us what needs doing and what records are ready. We discuss the professional fees and identify any separate charges before starting.
- The type of audit, reporting period and engagement requirements
- Entity operations, locations and transaction complexity
- Availability of financial statements, schedules and supporting evidence
- The extent of reporting and specialist work required
Appointment and independence are considered before acceptance. The audit plan depends on record readiness, evidence and responses; findings and reporting follow the work performed.
QUICK ANSWERS
What clients often ask.
Who prepares the company’s accounts?
Management is responsible for the accounts and information supplied. The auditor evaluates the evidence and reports under the applicable requirements.
Does a company with no activity still need an audit review?
The company’s legal obligations must be checked. No trading activity should not be assumed to remove all annual responsibilities.
Can you accept an appointment immediately?
Acceptance follows review of the appointment, independence, professional requirements and available information.
Can audit and ROC work be coordinated?
The records can be coordinated where appropriate, while keeping each engagement’s responsibilities and professional requirements distinct.
More detail & official sources
General service information from Mohit R Gupta & Associates. The work and requirements depend on your facts and the relevant period. Use the official portals for current forms and rules.
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