UK accounting practice Kershen Fairfax is using Validis to improve their audit process

Monday, October 27th, 2008

Kershen Fairfax is using the Validis automated accounts review solution to increase the analytical nature of audit to reduce risk, without decreasing efficiency or incurring cost.

For many clients the annual audit is viewed as a 'necessary evil'. It must be competitively priced, delivered to plan and with minimum disruption. Against this backdrop, obtaining in-depth insight into your clients' accounting information from the point of initial engagement is essential to winning, delivering and retaining consistently profitable business.

UK accountants Kershen Fairfax, is one of a growing number of practices embracing Validis in order to increase the productivity and effectiveness of audit operations - from client acceptance and fee setting to audit planning, analytical review and substantive testing.

Michelle Cox, their Audit Manager, reports:

"Automated accounts review offers an excellent starting point for audit planning. The audit senior can very quickly develop a feel for the accounts, visualise the business, drill into the detail and understand where they need to focus their attention. By giving such a good head start on the detailed numbers during the planning stage, the service plants in your mind from the outset what to look out for as the audit progresses."

To learn more about the impact Validis is having on Kershen Fairfax's audit services, please read this case study.

 

About Kershen Fairfax:

Kershen Fairfax is a 60 year old accounting practice with 4 partners. They have over 600 clients, varying from small companies to those with turnovers in excess of £10m. The tasks Kershen Fairfax perform for their clients range from tax returns and 'shoe box' bookkeeping services to management and statutory accounts production for Limited companies and LLP partnerships. The firm also perform audits for private companies and other regulated entities.

More information about Kershen Fairfax can be found at www.kershen-fairfax.com.

 

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