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marston associates, RICS.
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accounts auditing


Accounts Analysis
An Accounts Audit will recover incorrect payments made and demanded that have passed unnoticed from routine processing. Such transactions are near impossible to detect amongst the plethora of headline reporting without our attention to detail. Assignments do not impact on or duplicate statutory audit work which is geared to companies and institutions complying with legislation.

Detail
Our focus does not relate to whether a product or service is being purchased at the most cost effective price or whether they are being sold to maximise returns. Our focus is simply to ensure that, whatever price is agreed, is paid or charged at the agreed rate and not overpaid or misprocessed internally
.

Areas of Investigation

  • Duplicated or overpayments to suppliers
  • Misrouted payments to wrong suppliers
  • Misprocessing of VAT
  • Miscalculation of invoices
  • Application of discount arrangements with suppliers
  • Application of retrospective discounts with suppliers



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Monies can be recovered from

  • Suppliers of goods and services
  • Customers of goods and services
  • Customs and Excise

Effective financial management can be hindered for many reasons including

  • Refocusing of priorities
  • Changes in personnel
  • Breakdown of processes
  • Database upgrades
  • Lack of resource
  • Limited expertise in smaller operations

Erroneous processing occurs in finance departments where thousands of transactions are made and where an instruction may go inactivated.


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