Audit

Audited accounts provide an independent verification of your finances on an annual basis. Conducting an audit can confer substantial benefits to your business.

The FDC audit process provides an analysis of the internal business controls, systems, processes and risk control. Our main audit procedures include:

Meeting with management and others to gain an understanding of the background of the business itself, its operations and financial reporting
Evaluating and confirming the internal control system
Performing analysis on expected or unexpected variances in account balances or groups of transactions
Verifying documentation, supporting account balances or groups of transactions
Conducting stock takes
Confirming accounts receivable and accounts payable via third parties
On concluding the audit, we guide business owners in the on-going planning and operation of their business.

Financial Reporting
Increased audit exemption limits mean more Irish companies elect to file statutory accounts instead of audited accounts with the Companies Registration Office. Statutory accounts production is a significant part of our service. Our clients recognise the added value via our statutory accounts process:
- Extraction of information correctly and efficiently
- Analysis of key financial drivers of the clients’ business processes
- Commentary of crucial areas such as turnover, margin management, cost control and working capital management
- Technical expertise in applying appropriate accounting standards to the clients’ transactions, no matter how complex
This process helps our clients to better understand and manage their business.
Accounts Preparation
Our accounts preparation service is proportionate to individual client’s needs. The FDC Audit Team prepares accounts from information held by clients in any format including: manual accounting systems, spreadsheets, off the shelf software packages, cloud solutions, bespoke systems or source documentation.

Accounts are prepared to the highest standard in compliance with company law. When annual accounts are prepared, we meet with clients and provide them with detailed analysis and advice. As part of our accounts preparation service we provide the following:
- Payroll returns
- VAT returns
- RCT returns
- Income tax returns
- Corporation tax returns
- Capital gains tax returns
- Company secretarial returns
- Updating client’s computerised system post preparation of accounts
- Remote access to client’s accounts system to assist with technical queries
- Training new book-keeping staff for clients
Accounting Advisory Services
We have extensive experience in preparing accounts across various structures; sole traders, business partnerships, companies limited by shares, companies limited by guarantee, unlimited companies, charities, not for profit organisations, school and parish accounts.

Identifying the appropriate structure is essential for both taxation and legal requirements. We can advise on selecting the most appropriate structure. Our guidance is available throughout the business cycle from commencement to eventual winding down or transfer of the business.

Our broad range of advisory services include:
- Setting up all entity types
- Registration of entity for taxes
- Book-keeping and accounting advice
- Recommendation and training on accountancy software
- Business plans
- Management accounts
- Grant applications
- Voluntary strike-off of companies