Audit

Our expert audit team will help you see your business through fresh eyes.

We’ll give you a completely independent view of your business finances, so that you can easily identify your assets and liabilities and know exactly where you stand.

We’ll examine the current financial health of your business. We’ll then evaluate what risks and opportunities are on the horizon. You will receive advice on the steps you need to take, to avoid or minimise any pitfalls that might lie ahead.

Certain organisations, such as large companies with multi-million turnovers, together with registered charities, and education providers, require statutory audits and our expert team have the knowledge and experience to help you meet these obligations in an easy and trouble-free manner.

Benefits of an audit

A recent audit provides reassurance to your customers, existing and potential suppliers, as well as investors, banks, and other finance providers.

How can we help you with your audit?

Our dedicated team are experienced in conducting both voluntary and compulsory audit and assurance procedures. We are able to assist you with:

Charity audits
Grant audits
Solicitors Regulation Authority (SRA) audit procedures
Independent examinations
Pension scheme audits
Agreed upon procedures

Frequently asked questions

When does my business need an audit?
All private limited companies in the UK require an audit, however an exemption will be given if the company meets at least 2 of the below criteria;
- Annual turnover is less than £10.2 million
- Company assets worth less than £5.1 million
- The company has less than 50 employees on average
A company may still require an audit even if they meet the exemption rules if it has been requested by the company shareholders.

If you would like more information on if your company requires an audit, please contact us.
What does the audit process look like?

A company must submit their audit to HMRC no later than 9 months following their year end, and can begin as soon as year end has been completed. The below timeline outlines the usual audit process based on a company with a December year end;