AUDITING
- Tax Services
- VAT Returns
- Business Filling
- Invoice Payment Outsourcing
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INTERNAL AUDIT
At Business Inward, we have the expertise to manage internal audit, in line with the International Auditing and Assurance Standards (IAASB), The Sarbanes-Oxley Act (SOX), and the International Standard on Auditing (ISAs, UK and EU).
We prepare audit reports and liaise with auditors. However, we do not render the service of certifying audit reports.
We prepare audit reports related to:
- General ledger
- Monthly and yearly budgets and forecasts
- Invoices and bills
- Transaction records
- Financial statements
- Exchange rates
- VAT returns and corporation tax
- Payroll and national insurance contributions (NICs)
- Breakdowns of internal accounts (opened and closed)
- Breakdowns of financial instruments
- Policies and procedures
Businesses are subject to legal and regulatory requirements to audit their financial statements, doing so would establish compliance with accounting standards, legal regulation, assurance, and quality management between business owners, investors, and other stakeholders.
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Expertise: Extensive experience across various industries.
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Accuracy: Use of cutting-edge tools to deliver precise and reliable results.
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Compliance: Stay ahead of regulatory changes with up-to-date knowledge.
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Trust: Enhance stakeholder confidence with transparent and credible audits.
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Ensure your financial health with our professional auditing services.
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INTERNAL CONTROL
Objectives of Internal Control
- Preventive: To deter undesirable events from occurring.
- Detective: To detect and correct undesirable events which have occurred.
- Directive: To cause a desirable event to occur.
Sarbanes-Oxley (SOX) Act
The SOX Act ensures:
- Investor protection
- Financial reporting accuracy
- Corporate governance
- Transparency
- Prevent fraud and misconduct