AUDITING

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Comprehensive Auditing Services

At Business Inward, we offer auditing services specifically to prepare year-end audit reports in line with the International Auditing and Assurance Standards (IAASB), and the International Standard on Auditing (ISAs, UK and EU).

Our services include preparing audit reports and liaise with auditors. However, we do not render the service of certifying audit reports.

Businesses are subject to legal and regulatory requirements to audit their financial statements, doing so would establish compliance, assurance, and quality management between business owners, investors, and other stakeholders.

Among others, we prepare audit reports related to:

Closing trial balance and Opening trial balance.
Invoices, journals, cash bank statements and accompanying reconciliations.
Financial report process and actual year-end financial reports.
Details of exchange rates between functional currency and reporting currency, and their impacts on financial statements.
Transactional details between businesses and suppliers, brokers, and public authorities.
Details of quarterly VAT Returns, corporation tax, payroll and National Insurance Contributions (NICs).
Details of internal accounts opened or any closed, and loans rescheduled or altered.
Breakdowns of taken and untaken holidays, their associated employers’ NI and pension cost accruals.