Risk, Governance and Internal Control are the competencies that underpin the Audit Team and Smith Cravens’ roles and responsibilities to their clients.

Smith Craven’s Audit function aspires to provide clients with an intelligent yet resourceful service. The team analyse every aspect of clients’ activities, providing real value to each of their businesses and underpinning investor confidence. The teams’ understanding enables Smith Craven to offer new solutions to clients’ problems, to help them learn from what has happened and prepare them for, or better still help them avoid, issues in the future.

The team provide independent assurance that protects the business against risk, informs strategic decision making and improves overall performance. When clients engage in this way with the firm, they receive optimum value from an Audit and are likely to reduce their exposure to major risks.

Smith Cravens’ key strength is that they not only ensure clients gain access to extensive experience and knowledge of best practice, but also provide access to sector specialists who know specific industries and any technical risk areas.

The main services provided by the Audit team at Smith Craven are:

  • Compliance with regulations
  • Advice on controls and processing system deficiencies and weaknesses
  • Confirmation of accounting treatments in respect of complex transactions
  • Increased awareness of prospective accounting and regulatory changes
  • Independent review of externally reported financial and other information.
  • Review of Audit performance
  • Transformational change strategies
  • Improving the quality, productivity and value of in-house services
  • Enhancing Internal Audit methodologies to improve audit execution
  • Advising on and supporting audit technology selection and implementation
  • Developing and delivering training plans.

To download Smith Craven’s Audit and Assurance Services brochure click here.

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