Understanding this service.
Virtual CFO and business advisory concern financial guidance in planning and decision-making. The business’s objectives, available information and the decisions ahead help determine what support may be appropriate.
Any ongoing arrangement needs a defined scope, responsibilities and agreed working terms. It does not replace statutory audit, assure profits or guarantee financing. Independence considerations can affect whether advisory work can be undertaken alongside an audit.
When businesses typically need this.
- You want to discuss the financial information used in business decisions.
- Planning questions call for an ongoing financial perspective.
- The business is changing and you are reviewing its financial guidance needs.
What to discuss with us.
- The business objectives and decisions ahead.
- The financial information available and its limitations.
- The nature and frequency of guidance you want to discuss.
- Existing finance responsibilities, audit relationships and other professional engagements.
Frequently asked questions.
Does virtual CFO support replace an audit?
No. Advisory guidance and an independent statutory audit serve different purposes. Audit requirements must be considered separately.
Does business advisory guarantee better profits or financing?
No. Outcomes depend on many factors. An advisory engagement should be understood through its agreed scope, not a guaranteed financial result.
Is the same arrangement suitable for every business?
No. The nature, frequency and responsibilities of any guidance need to reflect the business’s circumstances and be agreed before work begins.