Audit is considered a necessary chore by most businesses who can’t get an audit exemption. Audit can add immense value to a business if it is done with a value-addition mindset. The criteria is that you need to get an audit done unless you meet two of the below three criteria:

• an annual turnover of no more than £10.2 million
• assets worth no more than £5.1 million
• 50 or fewer employees on average

This happens because these businesses usually do not get real value from the audit process.

There can be other reasons for you to get an audit done. For example, when raising finance the bank or investor requests it, shareholders require the audit, when doing a merger or acquisition, or simply as a ‘health check’ or as a review of internal controls and procedures.

We follow the best practice used by top accountancy firms where the audit process forms part of the strategic process by the business to glean valuable insights that can benefit the business.

Other related services we offer

• Grant certification and audit
• Systems and financial controls reviews
• Best value audit work
• Advice regarding computerised accounting systems
• Assistance with management reporting and budgeting