Audit and Assurance

A statutory audit is an independent review of a company’s financial statements. It checks that the accounts give a true and fair view of the business and meet the required reporting standards.

Medium-sized and large companies are required to have an audit. Some smaller companies may also need one due to their structure, sector or the requirements of lenders or investors.

Yes. Many companies in Bradford and West Yorkshire choose a voluntary audit because it gives a closer look at their systems and controls. It also provides reassurance to directors, shareholders and external parties.

An audit can highlight strengths and weaknesses in your financial controls and management systems. This can support better decisions, reduce risks, provide reliable information for planning and provide reports to share with senior leadership and external investors to get their support.

Yes. Lenders often prefer to see audited accounts because they provide independent assurance that the figures are accurate. This can strengthen an application for finance or investment.

Clients usually provide accounting records, bank statements, invoices, payroll information and details of any significant events during the year. The exact list depends on the size and nature of the business.

The length of an audit depends on the size and complexity of the company. Most audits follow a planned timetable agreed with the client at the start of the work.

Yes. We aim to give clients consistent contact with the same audit team each year, which helps improve efficiency as they already have an understanding of the business.

Yes. Many of our audit clients are in Bradford, Bingley, Leeds and the wider West Yorkshire region, though we support businesses from elsewhere that want a personal, independent service.

You can contact us to discuss your needs. We will talk through the size of your business, the deadlines you face and the information required, then agree a suitable plan for the audit.