Audit & Assurance

"Adding value to your Audit"

Audits provide a cornerstone to financial reporting. They provide valuable and reliable information on which important financial decisions can be made.

An audit is an opportunity to examine your business and identify ways to add value, to improve systems and procedures and to identify areas of risk.

Our approach to your audit can transform what is deemed an unnecessary overhead into a valuable annual health check for company directors.

Our specialist audit team can help with:

Annual audit has been regarded by some as an unnecessary burden on businesses and as a result companies with a turnover of less than £5.6 million no longer require an audit.

You will only be required to have an audit if....

1. Your turnover exceeds £5,600,000 or the company is part of a group whose turnover exceeds that figure.

2. You are a PLC or a banking, insurance or finance company (or a subsidiary of one of these).

3. You are required by your professional or trade organisation to have your accounts audited.

4. Your shareholders do not agree to opting out of the audit.

However, there are arguments for having an audit even if you are not required by law to have one. An audit involves a detailed review of the company's accounting systems and systems of control and also requires a detailed understanding of the company's business.

Such a review and knowledge can provide increased opportunities to provide proactive business advice on many matters. An unqualified audit report can improve the status of the accounts in the eyes of banks and commercial lenders, the Revenue, Customs & Excise and suppliers who may be seeking credit references, etc.

A history of accounts with clean audit reports can also be a factor if you ever wish to sell the company or, perhaps, take it to the market.

What our clients think.....

“The audit team are extremely efficient and proactive, through their audit process they have made very positive suggestions for improvements to our organisation”