Audit and assurance

Independent auditing and assurance services

As chartered accountants and registered auditors, our experienced audit and assurance team enables us to provide high quality audit services to a wide range of our largest company clients. The audit and assurance team also undertakes audits for other accountants who are not registered to carry out audits themselves or where a high degree of independence is required.

You may require an audit because you do not qualify for the statutory audit exemption or new investors have included the requirement for an audit in the funding agreement. Alternatively, as a business owner, you might value the independent examination of your accounts and financial processes that an audit will provide.

From 1 January 2016, your company may qualify for an audit exemption if it meets at least two of the following criteria:

  • An annual turnover of no more than £10.2M
  • Gross assets worth no more than £5.1M
  • An average of 50 or fewer employees

If you do qualify for an audit exemption, you may wish to consider the alternative option of an assurance report.

The objective of either an audit or assurance report is to increase the confidence of the users of the financial statements, whether they are the directors, shareholders, funders, suppliers or customers. If your company or organisation currently requires an audit or you are likely to require one as your company grows, we have the experience and resources to provide you with a cost effective service.

If you do not require an audit but are interested in the benefits of an assurance report, we will explain how this might help you and provide a competitively priced quotation to undertake the work.

Want to learn more?

Get in touch with our in house expert Chris Morey to see how we can help.

 

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