Deloitte in Wales

Successful businesses need reliable products and services, dependable management, and accurate and principled reporting. As the world becomes more interconnected, your success is directly linked to every stakeholder in your business - our audit services aim to deepen the confidence of stakeholders and help them recognise a company's value. With a global network applying our robust audit tools, resources and procedures, our professionals are able to deliver our audit services to the highest standards of independence, professional objectivity and technical excellence.

As well as assurance on the annual accounts we can help you to understand the complexity of issues such as performance, privacy, risk, controls and data analysis. Our knowledge of the changes affecting the reporting and regulatory landscape can help you to deal with issues such as the transition to International Financial Reporting Standards, the introduction of the Operating and Financial Review and developments in corporate governance that will have an impact on your organisation.

Deloitte's audit practice in South Wales offers the following services: 

Our services

Statutory Audit 
Our international audit approach is applied consistently around the world, while providing the flexibility to serve the unique circumstances and complexities of our clients. Our audit approach focuses on understanding the client's global business and control issues from the inside out. It combines a rigorous risk assessment, diagnostic processes, and audit testing procedures as well as a continuous assessment of our client's service performance. Our methods help enable our clients to meet the growing demand for enhanced disclosure and accountability. We work closely with our clients, yet independently, and encourage open communication. The Deloitte Audit goes beyond testing transactions and balances to providing insights that help directors better understand their business.

For further information contact Laurence Hedditch or Andy Wright.

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Internal Audit 
Management needs to be in control of all aspects of operations, from finance and accounting, health and safety, environmental impact, IT, customer relationship management and dealings with suppliers, in order to improve shareholder value. We can assist by:

  • Carrying out strategic risk assessments to identify and prioritise areas of risk and opportunity.
  • Help establish a new internal audit plan or review an existing internal audit function.
  • Benchmark against internal and external measures.
  • Re-engineer existing internal audit functions including staff, technology, procedures, quality controls and training.
  • Provide specialist support in areas such as IT, the environment, fraud and the supply chain.
  • Full outsourcing of the internal audit function.

For further information contact Mike Barber or Ian Howse.

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Regulatory, Risk and Control Consulting 
We draw on a wide range of professionals with backgrounds in audit and regulation to deliver a wide range of services to clients including:

  • Governance and regulation advice on how to meet the requirements of regulators.
  • Helping businesses to deal with the challenges of Sarbanes-Oxley
  • Corporate Social Responsbility
  • Information Security including data integrity and business continuity
  • IT risk management dealing with issues such as data migration and project management.

For further information contact Mike Barber.

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Accounting and Financial Reporting 
Our financial reporting experts can help with:

  • Preparation for the transition to International Financial Reporting Standards (IFRS) – whether as a one off switch or as part of the ongoing convergence of UK GAAP.
  • Dealing with multiple reporting environments, drawing on our Global Offerings Services network.
  • Providing advice on accounting for complex transactions.

For further information contact Laurence Hedditch or Andy Wright.

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