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Some of the Problems Faced by Businesses in the UK

Uk business problems

Running a business in the UK comes with its fair share of challenges. From economic uncertainties to changing government regulations, businesses face numerous hurdles in their quest for success. In this article, we will delve into the problems faced by businesses in the UK and explore possible solutions to overcome them. Market Competition and Saturation […]

How do you get assurance that Client money is being properly managed?

CASS Client Money Account audits

In the fast-paced world of finance, the assurance of client money protection is of utmost importance. This is where CASS client money account audits come into play. With these audits, financial institutions can demonstrate their compliance with rigorous regulatory requirements and showcase their commitment to safeguarding client funds. Lighthouse Consultants has experience of performing these […]

The Importance of Outsourcing Forensic Accounting and Audit Resources – Part One

Outsourcing Forensic Accounting and Audit Resources

Introduction In today’s rapidly evolving business landscape, the need for effective financial oversight is more critical than ever before. The complexity of financial transactions, the ever-changing regulatory environment, and the heightened risk of fraud have made forensic accounting and audits an essential component of any successful business. But is it more beneficial to handle these […]

The Forensic Accountant – Part One Introduction

The Forensic Accountant

I have decided to write a comprehensive article on what a forensic accountant is and what we do. This is part one. The full content of the four part article series will include the following: 1. Introduction to Forensic Accounting 2. Roles & Responsibilities of a Forensic Accountant 3. Forensic Accounting Jobs & Career Opportunities […]

Finance systems in a mess, what do you do?

Financial accounting review

It is interesting to see how complex systems within a business can get and when you start making adjustments and journals or applying add-ons this just adds to the complexity. You start with a system and this works well in the beginning. Then without proper training the staff start using the system in weird and […]

6 WINNING points about Disbursements that could save your company

Spending

How you handle Disbursements is a major aspect in any business. 1. You need to know what is coming in but you also need to know what is going out. Going out, DISBURSEMENTS, breaks down into what is needed and what is wanted. 2. Disbursements need to be controlled more than anything else. This determines […]

Can you trust your employees

Can you trust your employees?  Do you have controls and monitoring systems in place to detect fraud or any transgressions or non-optimal performance within your company? Are you monitoring revenue and costs? If the answer is “No” to any of these questions then you are haemorrhaging cash.  This is a fact.  Without monitoring systems there […]

The link between understanding business processes and staff competence

There is a distinct connection between understanding business processes, controls and competence.  If your employees and management do not understand your business and the reason for certain processes and controls then they cannot take ownership of the processes and will not be responsible for what goes wrong.  Understanding comes with knowing the purpose of things […]

The analogy of the car

I like to use the analogy of a car when talking about running a business.  Cars are very near and dear to most of us and can become an extension of who we are.  The same applies for your business, even if it is an organisation you work for, this becomes who you are.  We […]