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A statutory audit is a legally required, independent examination of your financial statements to confirm they present a true and fair view of your organisation’s financial position.
For limited companies and LLPs, an audit is generally required when one or more of the following thresholds are met:
For charities, a statutory audit is typically required when income exceeds £1 million, or £250,000 with assets over £3.26 million.
Our experienced audit team conducts a thorough review of your accounting records, internal controls, and financial disclosures in line with International Standards on Auditing (UK) and the latest UK regulatory requirements. Beyond meeting the obligations of Companies House and the Charity Commission, a statutory audit strengthens credibility with lenders, investors, and stakeholders.
This independent assurance provides a vital financial health check, helping to identify risks, enhance transparency, and ensure full compliance with UK company and charity law.
A non-statutory audit is a voluntary, independent review of your financial statements for businesses that fall below the legal audit threshold. Many SMEs choose this service to gain additional assurance and improve confidence among banks, investors, and shareholders.
Often used during business sales, funding applications, or periods of growth, a non-statutory audit provides comfort over the accuracy of financial reporting while acting as a strong deterrent against internal fraud. It also helps management identify weaknesses in systems, controls, and operational efficiency.
This service is particularly valuable for growing companies approaching the statutory audit threshold or businesses with external stakeholders not involved in day-to-day operations. Choosing a non-statutory audit demonstrates a commitment to strong corporate governance, financial transparency, and best practice reporting.
A limited assurance review offers a practical, lower-cost alternative to a full audit while still enhancing the credibility of your financial statements.
Using analytical procedures and management inquiries rather than detailed testing, we assess whether the accounts appear reasonable and free from material misstatement. The resulting report provides negative assurance, stating that nothing has come to our attention to suggest the figures are incorrect.
This service is commonly requested by landlords, lenders, or minor creditors who require professional verification without the expense of a full audit. It is an ideal solution for businesses seeking increased financial assurance with minimal disruption.
Many government, EU, and private grant providers require independent verification that funding has been spent in accordance with grant terms and conditions.
Our grant audit and certification service involves a detailed review of project-specific expenditure, ensuring that only eligible costs—such as payroll, materials, and approved overheads—are claimed. We prepare the required Independent Accountant’s Report (IAR) or audit certificate for funders including Innovate UK, local authorities, and funding bodies.
By ensuring compliance with evidence and reporting standards, we help protect your organisation from clawbacks and support the timely release of future funding.
Compliance with the Solicitors Regulation Authority (SRA) Accounts Rules is mandatory for law firms that handle client money.
Our specialist SRA audit service ensures that client funds are properly safeguarded, correctly segregated, and fully reconciled. We test transactions, bank reconciliations, and controls to confirm compliance with regulatory requirements.
Where issues are identified, we provide clear, practical guidance and assist with the preparation of the Accountant’s Report for submission to the SRA. This service plays a crucial role in protecting your firm from regulatory action and reputational risk.
FCA-regulated firms that hold or control client assets are required to undergo an annual CASS audit.
Our experienced team reviews your systems, controls, and reconciliations to ensure compliance with the FCA Handbook and relevant CASS rules. We assess segregation arrangements and test your CASS resolution pack to confirm readiness in the event of firm failure.
These highly technical audits provide assurance to regulators and clients alike that assets are protected within a secure and compliant framework.
A financial due diligence review is essential when undertaking a merger, acquisition, or major investment.
We conduct a detailed analysis of the target business, assessing the quality of earnings (EBITDA), debt structures, working capital, tax exposure, and potential hidden liabilities. Our team evaluates historical performance and future forecasts to test the robustness of commercial assumptions.
The resulting report supports informed decision-making, strengthens negotiation positions, and reduces transaction risk. It also provides a clear roadmap for post-acquisition integration.
Don’t let administrative burdens hold your business back from reaching its full potential. Partnering with us means gaining more than just a service provider; you gain a team of specialists dedicated to your long-term success and regulatory peace of mind.
Let’s work together to turn your compliance requirements into a seamless, worry-free part of your business journey.
Our core commitment is to safeguard your long-term financial success and business stability. We recognize that behind every audit report, tax filing, and financial statement lies a vision built with dedication and hard work.
Accounting & Tax Service by Accountax Auditing
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