Audit

If you have a limited company with a turnover in excess of £6,500,000 per year your company will require an audit. This is in addition to the preparation of the accounts. An audit examines the records closely and determines whether in the opinion of the auditor the Financial Statements are true and fair.

Even if your turnover is less than £6,500,000 10% or more of your shareholders could demand an audit. Sometimes companies are formed and deliberately include the need for an audit, regardless of statutory requirements. Sometimes the status of a company means that it must have an audit.  A statutory audit must be carried out by a registered auditor and we can provide this service. 

Sometimes people refer to an audit, but in fact don't need one.  An audit is different from the preparation of accounts.  If you are uncertain, please ask and we will be happy to assist in establishing your obligations.

Very often the accounts of SME’s are prepared and audited by the same firm, but if you want to prepare the accounts yourself, or have them prepared by another firm, we can still carry out the audit for you.

If you have a charity that you think may need an audit, please click onto our Charities section.