We work closely with our client’s auditors to produce year end accounts in a ‘ready for audit’ format.
By using local auditors and preparing regular management accounts to agreed formats, we aim to provide efficiencies, economies of scale, with our shared services approach and reduced ongoing governance costs for our clients.
Our audit partners are selected for their experience of working with charities with high levels of investment which generate good annual returns.
During the first year of working with a new client, Trust Accounting obtains quotes for undertaking the annual audit from our range of existing audit partners. We would also ask the incumbent auditor to quote for the work.
This serves as a check on the value for money to the charity of the audit service and a guide for future years, when a change in auditor may be considered by the client. The consistency and reassurance afforded by keeping the same auditor in the first year, is sometimes preferable to the client.
Auditor’s we work with include: