O’Connell Meskill & Company, Accountants, Waterford

By: O'Connell Meskill & Company  05/12/2011
Keywords: Insurance Industry, Financial Statements, Statutory Obligations

An audit is the review of the financial statements of a company by an independent third party, leading to a report on whether or not those financial statements are reliable.

The main purpose of an audit is to provide reassurance to your shareholders, lenders, creditors and funding partners. At O'Connell Meskill & Company we believe that your audit should provide a greater return than this.

Clarity and reassurance from the start

First of all, we will discuss the audit process with you so that you can understand what we are doing and how it assists us with our work.

We will also discuss how we will work with you to meet all of the statutory obligations relevant to your specific industry, such as IFSRA for the Insurance industry or POBAL for publicly funded entities. You'll have the opportunity to tell us about anything specific that you want from our review and agree your role in the process.

We will set out a timetable with you at the beginning, so that your expectations of us and our expectations of you are clear and agreed in advance, leading to an efficient and productive audit.

Insightful recommendations following your audit

Not only will your statutory obligations be met, but you will also benefit from our review.

Our auditors have insight into best practice across a range of industries and can highlight particular strengths or weaknesses in your operations and provide you with a series of recommendations to assist in improving your business processes.

As part of our review of internal controls, we can also offer suggestions on operational elements of your business which may be at risk or consuming too many resources.

You'll leave your audit review meeting with meaningful information and an action plan to improve your business systems, your decision making and most importantly, your results.

Our audit team has particular expertise in the audit of Insurance Companies and Not-for-Profit and Publicly Funded entities, and we are happy to discuss your individual needs, without obligation.

Keywords: Financial Statements, Insurance Industry, Statutory Obligations

Contact O'Connell Meskill & Company


Print this page


Other products and services from O'Connell Meskill & Company


Accounts Preparation - O’Connell Meskill & Company, Accountants, Waterford

We deal in this area every day and therefore our team are always up to date with accounting regulations and the disclosures required in assisting directors meet their statutory duties. We can also advise on eligibility and complete the paperwork to claim audit exemption status for your company, should it meet the criteria laid down in statute.


VAT Ireland - O’Connell Meskill & Company, Accountants, Waterford

Firstly, VAT can be a factor, particularly with ever changing legislation, as part of a single or one-off transaction, such as the acquisition or disposal of a property or restructuring of a business. At O'Connell Meskill & Company we strongly advise you to seek advice prior to entering in to any transaction, as often conditions must be met before this takes place - and usually cannot be reversed.


Company Secretarial - O’Connell Meskill & Company, Accountants, Waterford

In the middle of trying to run your company, maintain the books and records and keep suppliers and customers happy, the extra level of compliance required of every Irish Registered Company to meet their obligations under the Companies Acts and reporting to the Companies Registration Office can be one step too far.


Business Advisory - O’Connell Meskill & Company, Accountants, Waterford

There are many pitfalls involved in a Business Start-Up - taxation, company filing, appointment of directors, opening of bank accounts and VAT can all be issues which need to be considered and completed correctly at the start. Regular Management Accounts are vital in controlling any business, as they provide the owners with up to date information on the performance of the operation.