Rethinking Audits for AIM Finance Teams: Is There a Better Way?
Melanie Hopwell
6 minute read
1 Reply:
We help businesses with annual audits and assurance, tax structuring and returns. Our specialism is working with privately owned mid-market businesses and large or complex businesses. These include UK-based and multinational businesses, AIM listed and private equity (PE) backed.
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Audits are an annual check on an organisation’s financial situation. As a legal requirement in the UK, most businesses with turnover in excess of £10m and more than 50 employees will need to have one. It’s where an auditor checks your business’s records for accuracy, honesty and risk. It can be a laborious process. But at Cooper Parry, our award-winning audit and assurance team are out to change the audit experience.
Our industry has given audit a bad name. New clients join us expecting it to be a long, hard slog during which they’re endlessly interrogated and shamed for any tiny errors. You’re probably used to the same – a painful process year after year. But, that’s just not how we work.
We’re out to change the audit experience. We’ve created an audit process like no other focused around collaboration and technology. Unlike other accountants, we aren’t afraid to challenge the way you do things to help you achieve success.
Working with us will give you the expertise of a Big Four accountancy firm but with a more personal experience. Lots of our team have a Big Four background before moving to Cooper Parry (where the grass is much greener). Our team has depth, we’re big on customer service and our auditors have personality. It’s this approach that has won us numerous awards.
We know you’re not just looking for any old auditor. You’re looking for an audit partner with the systems, processes and relevant experience to handle your business. Yet, you’re also looking for an auditor who’s flexible, sticks to timelines and who’ll prioritise your audit amongst others. You want an adviser that understands your business and strategy as well as the regulatory requirements that you must meet. A team that has expertise in the latest accountancy standards is a necessity.
We’ll start by spending time with you to fully understand your business, opportunities, challenges and strategic aims. Then, we’ll shape our relationship, plan and timetable for the year around how you want it to work.
Having this solid foundation of understanding from the outset means we can immediately start to add insight, observations and value to our relationship to go above and beyond your expectations. We’ll deliver exactly what you need, when and where you need it.
We’ll seek feedback to constantly refine our service and improve it for you, always aiming to deliver a level of quality you’d recommend to others.
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“Very detailed and fully explained. Fully assisted in everything we do.”
“Always great speed of action from the team. Very helpful even when I am slow returning communication. Supportive and helpful and know where to point us if CP don’t have the answers.”
“Clean and efficient audit. Thank you.”
“The team is very friendly and professional and always very responsive. They work around our timelines as much as is possible, and try to be flexible.”
“Met expectations. Very pleased with service received.”
“Great support and great people.”
“Probably slightly exceeded expectations – happy with your work & assistance in preparing the technical summaries of the R&D work performed.”
“Love the informal approach, smooth audit using the portal and always approachable for what I sometimes think are my silly questions….”
“Much of the interaction with the firm was handled by Isio so they might have a more feedback but from my perspective, I don’t recall any issues or concerns. Completing the audit before the end of June and the holiday season was very important.”
“Proactive, highly competent but also personable.”