Audits

We are a firm of registered Auditors and can undertake the Audit for your company if required.

With over 20 years knowledge and experience in Audit, we understand and recognise the importance of the high level of expertise required when planning and preparing your audit. We can provide you with our team of highly qualified individuals to give you the highest level of service and support throughout each step of your Audit.

As well as providing statutory audits for limited companies of any size (small, medium or large companies), we can also provide all the other audit and assurance services that would be expected from a strong accountancy practise, including:

• Solicitors’ Accounts Rules Audit
• Pension Scheme Audit
• Charity Audit and Independent Examination
• Clubs and Associations Independent Examinations

Statutory limits

There are statutory limits that once a business exceeds you will require an audit by law, they are:

• Your Turnover exceeds £6.5 million (or your company is part of a group who exceeds this limit).
• Your Gross Assets exceed £3.26 million (or your company is part of a group who exceeds this limit).
• You are a PLC or a banking, finance or insurance company.
• You are required by your profession or trade organisation.
• Your shareholders wish for an audit to be carried out.

We can provide advice on whether you fall in any of these categories, and even if you are not required by law to have an audit it can still be worth considering.

Audit advantages

Here are a few advantages of having an audit:

• An audit can increase opportunities and provide proactive business advice
• An unqualified report can massively improve the reliability of the accounts and therefore help raise finance
• A good record of clean audit reports will be a factor if you ever wish to sell the company.
• An audit can significantly reduce the risk of fraud occurring.