Annual Financial Records Review Services

Our Annual Financial Records Review Services provide businesses with a structured review of their accounting records for a complete accounting period. The service is designed to help clients identify obvious issues within their financial records before proceeding with annual accounts preparation or other accounting work.

The review includes examining annual income and expenditure records, reviewing bank transactions, checking accounting classifications and considering the consistency of the available financial information. Relevant sales, purchase and expense records can also be reviewed as part of the overall financial records assessment.

During the review, we look for obvious omissions, duplicate transactions, inconsistent amounts, unusual differences between available records and missing supporting information. Items requiring further clarification can be organised into a clear list for the client to review and provide additional information where necessary.

This service is not a statutory audit and does not provide an audit opinion or assurance conclusion. It is intended as an accounting records review and organisational support service.

The service can be particularly useful before annual accounts are prepared, allowing businesses to identify potential record-keeping issues at an earlier stage. It is suitable for small businesses and other clients that want an independent professional review of their financial records before completing their annual accounting work.