Accounting Firms

Yorkshire accountancy firms collaborate on motor client audit

The firms revealed that Isaacs was responsible for preparing the annual financial statements and supporting schedules and Shenward performed the statutory audit which also identified operational and financial recommendations

Two West Yorkshire accountancy firms have joined forces to deliver a collaborative service to an existing client who required a statutory audit.

Isaacs Accountants and Shenward Chartered Accountants have joined forces to prepare the client’s annual financial statements and company tax return. As the client who operates in the motor industry had breached the small company thresholds, they were required to undertake a statutory audit.

The firms revealed that Isaacs was responsible for preparing the annual financial statements and supporting schedules and Shenward performed the statutory audit which also identified operational and financial recommendations. These will be implemented by the team at Isaacs.

The pair said the collaboration “consolidates the idea that firms are no longer pushing against one another to be the first to reach a client base but are in fact brushing shoulders and keeping one another in mind to have the best interests and outcomes for the client”.

Sherad Dewedi, managing partner at Shenward, said: “We were incredibly honoured to collaborate with Isaacs Accountants for a client of theirs. Knowing what’s best for your client and bringing in people from outside of your business is a move which shows you have their best interests in mind, rather than just the company’s priorities.

“The pandemic has shown that lifting up your community is of the utmost importance, and we as a nation need reminding of this. Helping out a fellow Bradford based accountancy firm shadows this, and we were more than happy to join our expertise to give the client the best support possible.”

Sarfraz Khan, director at Isaacs, said: “Businesses often boast about their company values, but it’s not often you really get to see them working in practice.

“I think it’s clear to see through our partnership with Shenward that we practice what we preach. We are a forward looking and innovative firm and continue to work with like-minded businesses in providing the right solution for our clients and helping out the community in any way we can.”

He added: “Businesses continue to face diverse challenges, more so since the events of the pandemic and Brexit. It is imperative that they reach out to their professional advisors early on so that they can get advice on the right course of action on a timely basis.”

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