Some organisations are required to undergo an audit; an objective examination of their financial statements, carried out by an independent body. The purpose of such an evaluation is to ensure that an organisation’s records are being prepared correctly and that the information presented within is fair and accurate.
We go a step further when carrying out your audit, turning what many businesses view as a ‘regulatory burden’ into a useful review of your financial statements that can inform your decision-making, planning and internal controls. With our examinations, we aim to give you the tools to manage your business more effectively.
If your business exceeds a certain size, you may be required to undergo an annual audit to fulfil statutory obligations. It is important that these statutory audits are performed by qualified audit accountants.
Our experts can examine your records, statements and other evidence; providing a thorough audit that satisfies UK GAAP and UK law, whilst also giving you a clear picture of your financial position and an idea of how effective your processes really are.
Businesses may also require an audit to ensure that they are satisfying the conditions of a grant provided to them.
Even if your annual accounts have been audited, a separate grant audit may still be necessary. Our experts can carry out an audit of grant spending and provide the appropriate documentation, in a timely manner, to meet your funding provider’s requirements.
We are also Specialist EU LIFE Grant Auditors; this means we can complete audit reports, for submission to the European Commission, where the EU has provided a LIFE grant to a UK organisation.
We have many years of experience carrying out LIFE grant audits for national charities and organisations, country-wide, meaning that no matter the size of your charity or organisation, or where you are based in the UK, we can act for you.
Our grant audit team is also experienced in completing grant audit reports for a wide range of other sources of funding. We would be happy to discuss your requirements in relation to any grant where an external auditor needs appointing.
Businesses that do not require a statutory audit or grant audit may opt to undergo a voluntary audit; for example, to satisfy lenders, to demonstrate credibility to shareholders and other stakeholders or to strengthen financial discipline within the business.