UK companies over a certain size are required by law to have their accounts audited every year. It is easy to think of audit fees as an unwanted cost that offers little or no value. And, it's true that many people take this view. But, an audit can be of huge benefit.
It's not just companies of a certain size that are required to have an audit. The same applies to all regulated industries, including:
- Charities – Statements of Recommended Practice (SORPs)
- Firms of solicitors – Solicitors Accounts Rules (SARs)
- Travel businesses (CAA, ABTA, ABTOT annual accountant's reports)
- Pension schemes
- Landlords and property management companies – service charge audits
Audits add value
We think of an audit as a chance to add value to your business.
An audit involves:
- A face-to-face meeting to gain an understanding of your business
- A detailed examination of your key records and controls
As a result we can give you valuable insight into your company, including:
Following the audit we will discuss with you ways in which your business can grow and improve and will work with you to put recommendations in place.
For companies that don't require an audit there is an option of having an assurance review of their accounts. Some of the main benefits of an assurance review are:
- Increase credibility of your accounts
- Reduce risk of fraud
- Provide comfort for investors
- Cheaper than an audit
Our fees are transparent so that you know they are competitive and that you are getting value for money.
Jonathan Clarke, Founder & MD Essential Travel (UK) Limited
“We recently appointed Clark Howes as auditors and tax advisors for Essential Travel (UK) Limited. We were delighted with how smoothly the first audit went and it has been a huge improvement for us. Their staff are personable, have excellent technical knowledge and they are extremely efficient.
They are also assisting in reviewing our business structure which will assist in how we grow our business and also legitimately reduce our future tax costs. We are delighted we appointed Clark Howes”.