Accounting & Bookkeeping
AccountingSupervision
Our experienced professionals help you detect any fraud or error in your bookkeeping and financial reporting. There are many ways to commit and conceal a strategically planned fraud within an organisation; taking precautions is the best protection against heavy losses or even bankruptcy in the future.
- Fraud & error detection
- Regular check-ups
- FTA & regulatory compliance
Why supervision matters
Protect the hard work you have put into the business
To avoid losing the effort you and your team have invested, our professionals carry out a regular check-up of your entity. Our qualified accountants ensure that the entries of your daily transactions, your bookkeeping and your financial reporting are being performed honestly and accurately, and we monitor on an ongoing basis to identify irregularities before they escalate into major problems.
- Independent review of daily transaction entries
- Verification that bookkeeping follows accounting standards
- Scrutiny of financial reports before they reach management or auditors
- Early warning of irregularities, errors and fraud indicators
Scope
What accounting supervision covers
Internal Controls
Reviewing the controls around recording, approving and reconciling transactions so that errors and fraud are prevented or detected quickly.
Financial Reporting
Supervising the preparation of periodic financial statements and management reports so they are complete, accurate and reliable.
Compliance & Regulations
Ensuring your books and filings meet the requirements of the FTA and other applicable laws and regulations.
Audit Preparation & Support
Keeping records audit-ready and supporting your team through the external audit process.
Staff Training & Development
Annual training for your finance staff on accounting standards, controls and regulatory changes.
Financial Analysis & Decision Support
Analysis of your supervised numbers to support management decisions with reliable data.
Risk Management
Identifying financial and reporting risks and recommending practical steps to reduce them.
How it works
Regular, structured check-ups of your entity
Supervision sits above your existing bookkeeping. Your team continues to record transactions; our qualified accountants review the work, confirm it meets accounting standards and regulations, and report their findings to you.
- Agree the scope, frequency and reporting lines for supervision
- Periodic review of ledgers, reconciliations and supporting documents
- Review of financial reports before issue to management, banks or auditors
- Findings, irregularities and recommended corrections reported promptly
- Ongoing monitoring so issues are caught before they escalate
Benefits
Why businesses choose supervised accounting
Fraud prevention
Precaution is the best defence against strategically planned fraud that can cause significant losses.
Error detection
Mistakes in daily entries and reports are found and corrected before they distort your numbers.
Audit readiness
Supervised books are clean, documented and ready for external audit at any time.
Experienced team
Our professionals have worked in this field for years, so you can fully trust their judgement.
FAQs
Accounting supervision questions
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Speak with our team about a regular supervision programme for your entity. Book your free consultation today.