Audit & Accounting
Partner-Led Audits Tailored To Your Business Requirements
First let’s meet to discuss your specific needs and requirements. Then our crack team of auditors, get to work. We've quite a reputation for our fast and efficient auditing service. We take pride in causing minimal interruption to clients as we work.
We provide auditing services for clients in the following sectors:
- Professional services
- Construction
- Not-for-profits
- Insurance
- Retail
- Manufacturing
- Leisure
- Farming
What Is An Audit?
You may be asking 'What exactly is in involved in an audit?' and the answer to that question is that an Audit is an examination of a company’s financial statements prepared by the directors of the company. Its purpose is to give the company’s owners (also known as members or shareholders) an independent, professional and informed opinion stating to what extent the financial statements:
- Have been prepared according to the Companies Acts, any other relevant legislation and relevant accounting standards; and
- To give a true and fair view of the state of the company’s affairs, its profit or loss for the financial year and its assets and liabilities at the end of that year.
The audit is also of value to people doing business with the company because it helps them to assess the reliability of the company’s stated financial position.
Is your Company Audit Exempt?
Audit Exempt Accounts Cost Considerably Less!!!
To avail of the audit exemption the following criteria must be met:
- The turnover must be less than €317,435 (to be increased to €1,500,000) for the financial year;
- The total assets must be less than €1,904,607 at the end of the financial year;
- Annual returns have been filed on time with Companies Office;
- The average number of employees must be less than 50 for the financial year.
The above conditions must be satisfied for both the current and the previous financial year.
If you would like to find out whether your company could avail of this exemption and save money on auditing fees, call Tony Kilcoyne on 01-8025400 or email: tony@kdaaccountants.ie
Click Here To Download Our Information Leaflet On Audit Exemption
What Is An Auditor?
An auditor is an independent professional person who is qualified to audit a company’s financial statements. A qualified accountant or firm of accountants can act as a company’s auditor. In general, they must hold a valid practising certificate from a recognised body such as the:
- Association of Chartered Certified Accountants (ACCA);
- Institute of Certified Public Accountants in Ireland (ICPAI);
- Institute of Chartered Accountants in Ireland (ICAI);
- Institute of Chartered Accountants in England and Wales (ICAEW);
- Institute of Chartered Accountants in Scotland (ICAS); or
- Institute of Incorporated Public Accountants (IIPA).
To make sure that the audit is truly independent, some qualified people cannot be auditors of certain companies.
If you’ve got an audit coming up and you’d like to get a competitive quote, contact Tony Kilcoyne, our Senior Audit Partner. Telephone: 01- 802 5400