Account Auditing

“Do you know why you need an audit or why you should have one?”

While checking and verifying information is necessary, account audit should be more than just a compliance exercise. We will work with you and your organization to detect and prevent any potential concerns, give assurance of the financial statements' figures, and do a general checkup of the systems and controls in place.
Our account auditing team is led by a partner, and we take a personal, "hands on" approach to our clients. Members of the team contribute value to the audit process by utilizing their sector-specific knowledge.
A statutory audit will be necessary by law if you:

You work for a PLC, a bank, an insurance firm, or a finance company (or a subsidiary of one of these).
Your professional or trade organisation requires you to get your accounts audited
Your stockholders aren't on board with opting out of the audit.
Companies (including LLPs) must undergo a statutory audit if two of the following three conditions are met:
The company has a turnover of more than £10.2 million.
The overall value of the balance sheet exceeds £5.1 million

In the perspective of banks and business lenders, HMRC, and suppliers seeking credit references, an audit report can improve the standing of your accounts. If you ever want to sell your firm or put it on the market, you'll need a history of accounting with clean audit reports.
It is possible to lessen the risk of fraud, and an audit can serve as a deterrent to any prospective fraudster.

Contact our Specialist Accounts Auditing team today

If you need account auditing, contact our team immediately or fill out the form below:

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