Financial Statement Audit

As Registered Auditors we are authorised by the Institute of Chartered Accountants in England and Wales to carry out audits that satisfy the requirements of the Companies Act.

In most cases, annual accounts are audited to comply with UK Companies Act requirements that companies that do not qualify as being “small” must arrange for their statutory accounts to be audited. However, “voluntary” audits are sometimes performed on small company accounts because external shareholders want the added assurance that the accounts have been prepared correctly.

As companies grow more and more, external organisations such as suppliers, bankers and the taxation authorities become increasingly interested in the company’s annual accounts. An audit provides assurance to both these user groups and shareholders that the figures shown in the annual accounts are fairly stated.

Our team have extensive experience in carrying out audits on most types of company and are able to advise on systems and internal control procedures as well as issuing the statutory year end audit report. This can help clients to understand where they may be susceptible to the risk of financial loss and improve procedures to eliminate or substantially reduce their exposure to such risks.