The consolidation of accounts is a legal requirement for entities that reach a certain threshold. However, the presentation of consolidated financial statements adds an additional dimension to your company's image and gives it an overall financial viewpoint. It is a useful tool for communication with your partners that will improve the readability of your accounts and understanding of your activity.
The primary role of the accounting and financial audit is to certify the accounts of a company. It makes it possible to check the compliance, honesty and reliability of its accounts in accordance with the legislation in force. The accounting audit also has a forecasting function (compiling dashboards) to ensure the company's sustainability. It is a valuable technical asset.
A company has to keep accounts to record all the various current operations (purchase and sales invoices, expense reports, etc.) in order to draw up the year end balance sheet (representing the company's assets and liabilities) and the income statement. A chartered accountant also has to establish the tax package for calculating the amount of corporation tax or income tax payable.
A company may choose to entrust its accounts receivable / payable accounting to a chartered accountant, in order to draw up a year-end balance sheet to illustrate their situation both as regards outstanding debts but also of monies owing.
An acquisition audit enables an optimal and safe acquisition of a company using a detailed investigation covering various angles (accounting, financial, legal, social, real estate and other analyses). It highlights the opportunities and/or risks of a possible acquisition. As for a disposal audit, it enables management of the best and most timely transfer of a company.