UK companies over a certain size are required by law to have their accounts audited every year. Legally, a statutory audit determines whether an organisation is accurately representing its finances. These findings can also be used to help grow and develop your business.
Legally required for businesses over a certain size
If your business is over a certain size, audit legislation in the UK means annual statutory audits are required in order to ensure your financial records are fair and accurate. Our chartered accountants can examine your key records and controls, providing a detailed audit that meets your requirements under UK GAAP and UK law while providing an in-depth assessment of your business processes and financial situation.
Providing in-depth analysis of your business processes
A statutory audit can be an opportunity to add value to your business. We’ll meet face to face in order to get a firsthand account of the space your business occupies and how it operates. A detailed examination will follow, assessing everything from your key records and business controls to your income, profit, investment returns, expenses, and other items. Based on this examination, we can give you valuable insight into your company in the following areas:
Its operations and finances
Financial and management systems
Any problem areas
Our fees are transparent so that you know they are competitive and that you are getting value for money.
Valuable insights into your business
Following the audit we will have a much clearer understanding of your business processes and how you operate. The audit ensures your business remains compliant with UK audit legislation while enabling us to discuss with you ways in which your business can grow and improve. Armed with these insights, we will work with you to put our expert recommendations in place so you are best placed for future growth and business development.
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”.