Audit and assurance

The annual audit is an opportunity to glean a valuable insight into your business without bias. As such, our audit services are about more than just compliance, they also offer your business greater insight into the way it functions to help you better understand where improvements and efficiencies can be made. We strive to make all of our clients aware of the options available to them and how to mitigate and manage risk effectively. Our audit will provide you with proactive advice designed to aid your business development, whilst meeting your statutory obligations.

If your limited company does not qualify as small then you will require an audit. To be classed as small, a company must meet two of the following three criteria:

• Turnover less than £10.2m
• Gross assets less than £5.1m
• Fewer than 50 employees.

So, whether a statutory requirement or a desire to create confidence in your accounts, a Financial Statement Audit enhances credibility in your company’s financial position providing reassurance to stakeholders such as shareholders, banks and suppliers.

In situations where a full statutory audit is either not required or deemed excessive, we can also undertake an independent examination. This is a more cost-effective solution for smaller organisations - in particular charities and other not-for-profit organisations, where stakeholders or trustees require greater levels of comfort than provided by a standard accountants report but do not require the extensive provisions of a full statutory audit.

Whatever your assurance requirements, get in touch to find out how we can help.