Audit & Assurance

Audit & Assurance

 

With BDO's Audit team you can be confident in the knowledge that your business is compliant with all the relevant rules and regulations, because we are leaders in the field of business assurance.

At BDO your business assurance is more than counting the numbers and ticking the boxes. It is about helping you to grow your business and ensuring that every part of your organisation is fine-tuned to achieve your business objectives. We adopt a relationship-based approach by working closely with you over the long-term, to develop a deep understanding of your requirements and become well placed to advise you on the best way forward for your business, whether this involves funding growth, personal wealth creation or going public.

Accounting and Advisory Services


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Our areas of expertise

Think about all the opportunities you know about in your business. Now think about the risks—the things that could damage your organisation forever. Which are you more aware of?
If you’re like most decision makers then the chances are you are more focused on opportunities than risks, which can lay you open to unforeseen problems.

Get wise to the potential challenges you may face with help from our Business Risk team, which can help you take decisions confidently and seize new opportunities in full appreciation of your business risks.

We will establish an integrated Risk Management process to help you obtain a complete picture of the risks you face as you pursue your business objectives.
This will allow you to assess the risks in terms of their impact, likelihood and priority and identify any risk control activities. We will also develop an action plan to manage the risks that threaten your organisation.

Our Business Risk team can provide:

  • Business process and systems assurance (including internal audit, compliance and risk management)
  • Sarbanes-Oxley and related activities (SAS 70 and AAF 01/06)
  • Business continuity reviews
  • Fraud prevention and detection
  • Information protection.

If you are interested in learning more about our Audit Services, contact a member of our Audit Team. 

The current downturn has resulted in a fall in consumer confidence and spending and, as a result, cash and the bottom line are king. Companies are seeking to maintain and/or grow profits through working capital management and operating efficiency and are also looking to reduce their cost base.

Our cost reduction services includes:

  • Working capital management insights
  • Cash management and liquidity
  • Assistance in financial modelling
  • Outsourcing
  • Management accounting
  • Controls
  • Contract review/compliance
  • IT systems review.

If you have concerns about potential fraud or have discovered it in your business, it’s vitally important you respond quickly and bring in the experts. A rapid response could be critical to the success of any investigation.

Our highly skilled team of fraud experts have a range of backgrounds in forensic accounting and we exercise complete discretion throughout our engagement.

We will work with you to uncover the fraud, interview staff and suspects and take appropriate action to protect your business.

We work closely with BDO colleagues at our member firms worldwide to provide expertise across the globe.

To minimise the chances of reoccurrence our risk specialists can put fraud prevention measures in place which will strengthen your business against the threat of economic crime in the future.

If you are interested in learning more about our Audit Services, contact a member of our audit team.

In the current turbulent times, stimulating growth and innovation for both Irish indigenous companies and international companies with a presence in Ireland will be paramount in helping the Irish economy survive and develop through the inevitable future upturn. Certain government agencies will provide assistance through the provision of both grant aid and capital injection and through varying forms of equity investment.

We can provide you with value-added assistance in a number of ways:

  • We can guide you in identifying the types of funding available to your company
  • We can provide the requisite accounting report to accompany the grant application submitted to the relevant government agency.

Many of our clients have been surprised by the sheer diversity of grant aid available to their companies and at the levels of grants achieved, which have significantly improved their bottom line.

If you are interested in learning more about our Audit Services, contact a member of our audit team.


Accounts Preparation

Many businesses do not have the time or expertise to produce accounts. BDO provides accounts preparation and support services which help every business to concentrate on developing its core activities.

We have a wide range of clients in Ireland and the UK, ranging from family businesses to public sector organisations and large international companies. These include:

  • Sole traders and partnerships - accounts typically used as a basis for income tax returns and banking purposes
  • Not for profit organisations - such as the public sector and charities – the priority here is financial stewardship and strong corporate governance
  • Companies - statutory annual accounts for shareholders that comply with both Irish/UK GAAP and international financial reporting standards. We also prepare statutory financial statements for filing in the Companies Registration Office (Republic of Ireland) or Companies House (UK), assisting you to avail of all relevant exemptions.

When preparing accounts, we highlight any issues that will require attention and make specific recommendations for improvement. We also provide advice on the financial management of your organisation.


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Financial Reporting

IFRS Reporting

Achieving the right accounting treatment often has an important influence on the structure and outcome of the transaction. 

Regulatory Compliance

Regulatory Compliance is becoming increasingly complex and power of key regulators increasing. Discover how BDO can help.


Systems Control

Assess you internal controls and address your reporting and regulatory requirements, contact us today.

Trust the guidance of our Audit & Assurance team

Teresa Morahan

Teresa Morahan

Partner and Head of Audit at BDO Ireland, Head of Global Technology, Media and Telecommunications
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Our experienced Audit team help a broad range of businesses from family businesses, entrepreneurs and small indigenous owner-managed firms, 
to the larger international brands.  

Our audit team was a pleasure to work with. They were very responsive and proactive. We transitioned an audit from a larger firm to BDO last year as we were not receiving the level of service we wanted. A definite improvement.