Audit & Taxation
Our Services___________________________
AUDIT & TAXATION
Audit and taxation are essential, whether for individuals or companies. Our expertise lies in managing the entire process seamlessly, ensuring compliance with statutory laws, maintaining transparent accounting for a clear business overview, understanding the intricate details of business operations, and delivering timely reports to support sustainable growth.
AUDIT SERVICES :
MANAGEMENT AUDIT
Whether you run a small business, a start-up, or a company with small to mid-sized operations, a Management Audit should be a top priority.
This process is crucial for identifying and addressing mistakes that could impact the efficient functioning of your organization.
A Management Audit evaluates the effectiveness of controls within your business operations. It is a structured review of decisions and actions taken by management, providing valuable insights into their impact on your business.
SYSTEM AUDIT
With the ever-growing reliance on IT and financial reporting, coupled with increasing complexities, the importance of information generated by systems and processes has never been greater.
Today, there is a stronger emphasis on maintaining robust internal controls and ensuring efficient system operations.
At VDM Financial Services LLP, we specialize in evaluating system design, documentation, and operations to ensure the accuracy, reliability, and timeliness of information critical for financial reporting and informed management decision-making.
REVENUE & INSPECTION AUDIT
A Revenue and Inspection Audit is essential when you need a comprehensive review of your tax returns, liability declarations, or repayment claims.
Our team ensures a meticulous cross-check of the information and figures declared in your tax return statements against your business records.
Key components of a Revenue and Inspection Audit include:
- Income Tax, Corporation Tax, or Capital Gains Tax returns
- Returns submitted for VAT, PAYE/PRSI, or Relevant Contracts Tax (RCT)
INTERNAL AUDIT
Curious whether your organization is performing as it should or if you have a clear understanding of its true state?
Internal Audit is essential for evaluating risks, examining internal controls, and ensuring the efficient use of available resources. It provides a comprehensive understanding of liabilities while verifying the adequacy of information system security and controls.
Explore our Internal Audit services, designed to help your organization thrive:
What We Offer:
- Developing or assessing an Internal Audit Manual tailored to your organization and analyzing control objectives.
- Advising on the effectiveness of organizational procedures.
- Evaluating the practicality and viability of current controls and recommending areas for improvement.
- Identifying and assessing risks and unresolved issues.
- Verifying the effectiveness of controls within your systems.
- Pinpointing opportunities for improvement and preventing revenue leakage.
- Measuring deviations through test checks.
- Identifying and protecting at-risk assets.
- Conducting audits on Corporate Governance practices.
