1
Why would I want you to prepare my financial statements?
​Year end is stressful for any company, and your financial control team are already busy. We can take that stress away and allow your team to focus on what they do best.
2
Where did you learn to do this?
Patricia initially trained with a top 20 audit and accountancy firm in London, where in addition to auditing small and medium size companies in 30 industries, she prepared financial statements for a wide variety of clients.
Her time as an auditor with Ernst & Young gave insight into much larger companies; and the 15 years she spent working in and contracting with the financial control teams of companies and groups in the UK and US has given her a thorough understanding of the issues that can arise at year end.
3
Can you work with the auditors?
Patricia's extensive experience of audit, both as an auditor and as a financial controller being audited gives her insight into what the auditors are looking for.
At Practicality Finance, we will provide full audit trails so that it’s easy for your auditors to tie the finished financial statements back to the TB that they audited.
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We can work with both you and your auditors to agree a suitable timeline for the preparation of the accounts so that there are no delays.
4
What about corporation tax?
Whether you have draft or complete corporation tax accounts or are working from estimates, we can prepare the required journals and disclosures for you.
5
Are you insured?
​Yes, Practicality Finance has full professional indemnity insurance through Kingsbridge.
6
Are you qualified?
Yes, Patricia qualified with the Institute of Chartered Accountants in England and Wales (ICAEW) as an ACA (Associate Chartered Accountant) in 2009, and became a fellow of the institute (FCA) in 2019.
7
How do you make sure the financial statements have the correct disclosures?
We stay abreast of any changes by the FRC, and attend regular IFRS and UKGAAP update courses to make sure we're aware of all current requirements.
We use compliance and disclosure checklist software from Pentana to ensure that the appropriate disclosures are included, and the appropriate exemptions have been taken. We share these checklists with you and your auditors to give you comfort over the completeness and correctness of the statements.