Audit & Compliance…More than you thought…
Increasing levels of regulation & legislation are making it more difficult for companies to be compliant. For legal practices, FSA regulated businesses and charities; the challenges are greater than ever. We have the skills & experience in this area that you need. We aim to work with you to develop a regulatory framework that is most suitable for your business or organisation.
We minimise any disruption caused by the audit process and maximise the potential to identify opportunities and areas for improvement. We work closely with clients so that additional commercial benefits can be generated from the audit.
Services include
Corporate governance, due diligence, formal audit certificates, governing body compliance, internal audit, internal control systems, investigations, statutory audit, verification of data and voluntary audit.
Limited liability companies now require either audit or formal reports depending upon the level of their business and the current development of legislation. There is a statutory level of turnover for an audit of £5.6 million, however more and more businesses are choosing to undertake a voluntary audit and many require formal certificates to support financial loans.
As accountants audit services are one of our key skills, one of which we are proud of but we also have very specialist skills surrounding audit work for charities, legal practices and financial services companies.
We are registered to carry on audit work by the Institute of Chartered Accountants of England & Wales, and follow their recommendations for this compliance function.
Details about our audit registration can be viewed at www.auditregister.org.uk, under reference number C007353972
We make it our business to get to know our clients, an example of how we work on an audit or formal reports: -
- Forward Planning – working together to highlight areas that need reviewing as well as those necessary to complete the legal requirement
- Checking that internal reporting control systems are in operation at all times and at all levels
- Reporting to clients not only through the formal certificate, but also on any areas of the financial controls and systems that need improvements
- Providing focused recommendations where we believe commercial activities could be profitably improved.
So…more than you thought?
Audit and Compliance Brochure
You can read more about our Audit Services by clicking HERE and downloading our 'Audit and Compliance' brochure
The professional rules applicable to the firm and how to access them are as follows: Audit Regulations and Guidance which can be found at www.icaew.com/auditnews and the International Standards on Auditing (UK and Ireland) at www.frc.org.uk/apb/publications/isa.cfm’. ‘The professional codes of conduct applicable to the firm are as follows: the Institute’s Code of Ethics which can be found at www.icaew.com/membershandbook, section 3 and the APB Ethical Standards at www.frc.org.uk/apb/publications/ethical.cfm
