{"id":2693,"date":"2014-03-26T09:29:05","date_gmt":"2014-03-26T09:29:05","guid":{"rendered":"https:\/\/atwdev.co.uk\/basda\/?post_type=post&p=1458"},"modified":"2017-08-16T08:17:54","modified_gmt":"2017-08-16T08:17:54","slug":"just-had-your-year-end-audit-so-now-what","status":"publish","type":"post","link":"https:\/\/atwdev.co.uk\/basda\/blog\/just-had-your-year-end-audit-so-now-what\/","title":{"rendered":"Just had your year-end audit? So now what?"},"content":{"rendered":"
Member blog article from Real Asset Management.<\/h5>\n

Now sees the time of year where businesses within the commercial sector have completed their January year-end and have had annual visit from the auditors. It is in reviewing that auditor\u2019s report, some businesses will identify criticisms or recommendations of processes that need to be reviewed.<\/p>\n

With these recommendations front of mind at the moment, the time to act on them is now, as they can too soon fade into the background and fall down the \u2018to-do\u2019 list as the months pass.<\/p>\n

So, spring is here\u2026or at least around the corner, so what better time to spring clean and get systems and process in place for a clean bill of health in time for next year\u2019s audit.<\/p>\n

But if you\u2019ve got the auditor\u2019s report in hand and are asking yourself \u201cnow what?\u201d, read on\u2026<\/p>\n

In the commercial sector, being able to account for assets, knowing what you have, where it is and, also, if it is being correctly maintained is often one of the sticking points flagged from an audit. The term \u2018robust systems\u2019 is often used by auditors to determine if the numbers are tamper-proof, if there is an audit trail of everything that\u2019s happened in an asset\u2019s life and the current state of assets within the company. Many companies just simply do not have the systems or procedures in place to be able to show this.<\/p>\n

Furthermore, Sarbanes-Oxly is a consideration in the passage of data between systems and the security around that process. Being able to restrict access based on permission-levels, integrate data between finance systems in a tamper-proof manner, extract the required data from an audited accounting product so it can be extracted into the accounting system is key to proving systems and procedures are robust.<\/p>\n

In using RAM\u2019s Asset4000, commercial companies can move from just doing the basics to get through an audit, to present a true and accurate reflection of the company\u2019s assets next time the auditors come to visit.<\/p>\n

It might well be the thorn in your side and \u2018getting through\u2019 it may have been enough this year, however, by acting now and implementing an asset management solution you can ensure that when the auditors come knocking next year, your systems mean you pass with flying colours!<\/p>\n

\"Real<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

www.realassetmgt.co.uk<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Member blog article from Real Asset Management. Now sees the time of year where businesses within the commercial sector have completed their January year-end and have had annual visit from the auditors. It is in reviewing that auditor\u2019s report, some businesses will identify criticisms or recommendations of processes that need to be reviewed. With these […]<\/p>\n","protected":false},"author":2,"featured_media":900,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_mo_disable_npp":"","footnotes":""},"categories":[121,13],"tags":[],"class_list":["post-2693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asset-management","category-basda-members"],"yoast_head":"\nJust had your year-end audit? 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