External Audit Services
Statutory Audit Services
Statutory or 'external' audit is often seen as a legal imposition rather than something that can add value to your business. At Wylie & Bisset we are working hard to overcome this notion by ensuring that we provide a first class audit service which not only satisfies the statutory requirements but offers pro-active business solutions.
As you would expect from an accountancy and business advisory firm of the size and reputation of Wylie & Bisset, we provide an audit service at the highest technical level for all of our clients.
We believe in a partner-lead service, which means that our clients' service needs are satisfied on an ongoing basis by partners and senior staff rather than by junior members of staff
The firm has a number of areas of specialism including:
Our audit approach
We agree the audit timetable with clients in advance of the commencement of the audit so that all deadlines are met. Wylie & Bisset place strong emphasis on senior personnel planning the audit to ensure that the scope of the audit is fully understood before the fieldwork commences. We hold a formal planning meeting with our audit clients to agree the audit plan and to ensure the scope of the work is agreed in advance.
We base our approach on identifying key areas which demand close attention and focus on these rather than those areas which do not require such detailed scrutiny. We start by obtaining an understanding of the entity's accounting systems and report any possible improvements to the systems through our annual audit management letter. The management letter will also include a review of the key points arising from the audit. As part of our service we hold a formal audit close out meeting to discuss the final draft of the statutory accounts. If required, we would also attend any Board or Committee meetings at which the accounts were to be discussed to explain any issues arising or to answer any questions.
Contacts Ross McLauchlan - Partner Russell Leitch - Manager
