Statutory and contractual audits

Overview

We can help with everything from independent audit reviews to compliance with regulations and advice on controls.

Creating value that makes a real difference to your business is intrinsic to our audit service. Quality audits that bring unexpected and far-reaching benefits do not come from an unthinking compliance mindset but from a knowledgeable, questioning, imaginative and insightful approach.

The foundation of the service we deliver is a natural blend of compliance and value. We are experts in the application of audit methodology and techniques and use our expertise to bring precision and economy to your audit.

Potential challenges

Audit challenges your business might be facing:

You are new to the Isle of Man and need to comply with Manx statutory audit requirements

You are a regulated entity and must submit audited regulatory returns

Your business is growing and/or expanding overseas and you need an auditor that can respond to your scale and geographic reach

You are considering changing your audit provider to explore if a different service provider would better meet your needs

Problems have emerged with the reliability of your financial reporting

Your financial reporting process is not delivering information of sufficient quality and/or not meeting your internal or external reporting deadlines

How can we help?

We can help you address your audit requirements and challenges through:

Independent audit or review of externally reported information

Accountants' reports for regulatory or contractual purposes

Compliance with regulations

Advice on controls and processing system weaknesses

Confirmation of accounting treatments with respect to complex transactions

Monitoring of prospective accounting and regulatory changes

09 Oct 2017

Understanding a financial statement audit

The need for companies’ financial statements to be audited by an independent external auditor has been a cornerstone of confidence in the world’s financial systems. Given the importance of its role, queries are often raised about the audit, the auditors and the stakeholders they serve. This publication aims to provide...