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The Tree Approach.

Audit and Accounting

External audit

Tree adopts a “What could go wrong” approach to all audits, whereby allowing us to focus on the risks of the charity and place an emphasis on these areas. We will look at the controls over key processes and establish what could go wrong. This leads to an efficient audit that gives peace of mind that the key areas have been addressed and the financial statements are strong. This also leads to the delivery of key points on a management letter.

Planning - we will plan the audit prior to the year end and therefore highlight any potential issues early or allow us to familiarise ourselves with developments. As such, meaning there are no nasty surprises or misunderstandings over what we expect of each other.

Staffing - all our staff involved are experts in the charity field and work with a range of clients. They attend regular update courses to remain current in charity requirements and legislation – however above all, there is a strong level of continuity of staff each year on the audit.

Audit - we will discuss urgent issues as they arise rather than leaving them as nasty surprises for the closure meeting. This allows the issues to be dealt with in a controlled manner.

Reporting - a full management report will be produced that covers:

  • The financial performance of the charity
  • Improvements on controls/systems in place on both a financial and non-financial level
  • Accounting issues noted and resolutions
  • An insight into any forthcoming issues

Accounting & operational

Tree act for a number of charities to produce key management information and perform reviews of internal controls.

Our services will involved the reporting of information into accounting systems and subsequent presentation of that information to the board of trustees as a management report that shows all income and expenditure streams, balance sheet strength and a full breakdown of unrestricted income and costs.

We also look at key financial systems and using our knowledge suggests possible improvements to improve the ongoing reporting in addition to advice on potential areas of investment management.

Tree also provide expertise in budgeting, forecasting and cash flow analysis therefore allowing trustees and key staff to have the financial information they need on a regular and timely basis.