Audit and Assurance

Financial Audits

We work in a flexible way, to fit around you and your business while maintaining the highest audit standards.

You’ll find we approach the audit with two aims:

To provide an independent assessment of your financial records and processes
To give you practical and pragmatic advice to improve your business

Whether you require a statutory or voluntary audit, our team are experienced and well versed in auditing the specific challenges that your company may face. We understand the different nuances between auditing group members and single entities.

A productive working relationship

During your audit, you’ll notice we keep you informed without taking up your time – and the focus is always on providing useful advice.

We get to grips quickly with your systems and processes, suggest any improvements, and if any concerns arise, we deal with them constructively and sensitively.

You can be assured that the audit team we place with you has a wealth of experience in your industry. The specialists in our team have substantial experience working with:

Not for profit clients, including academies
LLPs and FCA registered companies
Public sector companies
Clients that report under International Financial Reporting Standards
Group member financial audits

We provide financial audits for a significant number of international groups and their subsidiaries, with experience auditing both UK groups with overseas subsidiaries and UK subsidiaries of larger international groups – and we understand the nuances and challenges from both sides of the coin.

Internal Audit

Audits with added insight

Whether you need a wide-ranging audit across different functions in your organisation, or an in-depth review of specific areas, our aim is always the same – to give you much more than compliance box-ticking.

With us, your internal audit will include:

Practical advice to support your decision making
Suggestions on making your processes and systems more efficient
An assessment of areas of risk, and guidance on improving them
A flexible approach to providing assurance on any areas of concern
Thorough and adaptable

One of the secrets of a successful internal audit is delving into the detail of your systems and processes. We don’t take anything at face value. We observe, ask questions, and test transactions, to ensure our advice is on well-informed foundations.

We also maintain continuity with your external auditors, communicating with all parties involved and reviewing your outgoing auditor’s work. This way, we ensure a smooth transition and avoid any duplications or omissions.

Flexibility is probably important to you, too. To meet your specific needs, we can act:
as your outsourced internal audit function, including unannounced spot checks, if appropriate

On a time basis, to fit with your budget
On a project basis, focusing on your areas of interest or concern.

Statutory Audit

Our audit team strives to gain a thorough understanding of your business, your priorities, and your systems and processes. This enables us to provide you with an audit plan which is focused and adds real value to your business, even if you’re looking for an efficient and cost-effective audit.

We understand that auditing group members is different to auditing single entities.

No matter your company, you can be assured that our approach to working with you includes:

A dedicated and consistent team to maximise the value of our relationship
Partner and manager led work
A pragmatic and approachable team
Informed reviews of systems and controls as part of our planning process
Detailed test that flows from meetings and discussions to focus on key risk areas
Analytical reviews, depth testing, and substantive tests of detail as required
Robust and informed opinions
Quality assurance

Every stage of the audit has a formalist review procedure, which continues after the audit is completed. This guarantees that our audits are carried out in line with relevant regulations, and that you receive a quality audit you can trust.

Statutory Audit For Group Members

We know that auditing groups can be very different to a single entity. We take the time to understand your group structure, operations and relationships in detail.

Whether you are a subsidiary for a UK parent or non-UK parent group, or are a parent company requiring an audit, our team of auditors has extensive experience in a variety of industries, and are well versed in dealing with the specific issues that your company may face.

Group audits frequently require cooperation with parent company auditors, and we have significant expertise in this matter, both as a lead group and subsidiary auditors reporting in to the larger group auditors.

For us, auditing is never a ‘tick-box exercise’. We want to add value to your business through great planning, pragmatic attention, robust opinions and a commercial understanding of your Group.

Our auditors are focused on developing a detailed understanding of your business and can provide you with a thorough management letter with suggestions for recommendations in respect of issues found in the audit.

However, we do also recognise that some companies simply want an efficient audit that is cost-effective. We can commit to being up-front with what we can accomplish, how we will do it, and how much we will charge you.

A detailed understanding of your business

When working with subsidiaries of UK or international parents, we understand that making early contact with management and their auditors in other jurisdictions is a priority, as well as the quality of communication in a group engagement being paramount due to multiple layers of management and often a more diverse shareholder group.

Our knowledge of the nuances and challenges of both UK groups with overseas subsidiaries and UK subsidiaries of larger international groups enables us to fully understand your business.

We pride ourselves in:

Understanding the Group and subsidiary picture individually and collectively
A dedicated and consistent team to maximise the value of our relationship
Partner and manager-led work
A team that is pragmatic and approachable
Clear timelines
Regular updates and communication
Using the benefits of our significant and varied sector expertise
A tailored approach to suit your needs
Planning meetings that are commercial, pragmatic and bring in our technical expertise
Informed reviews of systems and controls as part of our planning process
Detailed tests that flow from meetings and discussions to focus on key risk areas
Analytical reviews, depth testing and substantive tests of detail as required
Robust and informed opinions
Closing meetings that are valuable and constructive

Statutory Audit For Single Entities

Our audit team value building strong relationships with our clients and earning your confidence with our strong commercial understanding, pragmatic approach, and sector experience.

We build a detailed understanding of your company, from the way you operate to your goals and create an audit plan that is focused and valuable. You can trust that our approach focuses on what is material, commercial and technically robust in today’s changing environment.

Tailored to your objectives

Your assigned audit team will be focused on understanding your business, and offers you a detailed management letter with recommendations in respect of issues found during the audit. This is discussed in a meaningful and pragmatic way, as analysis is taking place so that closing meetings are valuable and constructive.

We also appreciate that some businesses want a quick and cost-effective audit. Our team will commit to being upfront about what we can do, how we will accomplish it, and how much we will charge you.

Our approach to working with you includes:

A dedicated and consistent team to maximise the value of our relationship
Partner and manager lead work
A team that is pragmatic and approachable
Clear timelines
Using the benefits of varying sector expertise
A tailored approach to suit your needs
Planning meetings that are commercial and pragmatic, combined with our technical expertise
Informed reviews of systems and controls as part of our planning process
Detailed tests that flow from meetings and discussions to focus on key risk areas
Analytical reviews, depth testing and substantive tests of detail as required
Robust and informed opinions
Closing meetings that are valuable and constructive
A forward-thinking auditing approach

Our team are at the forefront of changes in your sector and understand the best practice. We can interpret this in an appropriate way for your business.

To face challenges as they arise, we provide innovative solutions that are suitable for the area of concern. Our excellent technical credentials, along with relevant client knowledge and expertise, can assist you in staying current with changes in accounting regulations and dealing with any queries you may have about their interpretation.

Our teams use industry-leading audit software, to aid an efficient audit process. They are also able to carry out audit work remotely or at your premises, or a combination of the two.

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