“I did not value our annual audit until we appointed Watsons. They highlighted a serious flaw in our delivery procedures and its resultant losses over the years.”
— John Fowler
John Fowler, a Finance Director in the manufacturing engineering industry in Sussex, previously viewed the annual audit as a compliance requirement rather than a value-adding business process.
The Challenge
The manufacturing engineering business was operating with undetected inefficiencies in its logistics and distribution operations, resulting in long-term financial leakage that went unnoticed during basic bookkeeping routines.
The Solution & Outcome
Watson Associates conducted a thorough, independent annual audit. Rather than treating it as a simple compliance check, the Watsons audit team reviewed the company’s control systems and bookkeeping procedures. In doing so, they highlighted a serious flaw in the business’s delivery procedures that had caused substantial losses over several years. By identifying and correcting this operational flaw, the audit helped safeguard the company’s profits and provided a substantial cost-saving opportunity.