The statutory audit threshold from 1 January 2017 applies if your business exceeds two out of the three of the criteria below:
If it does then an audit is mandatory.
In addition to this there are more complex rules surrounding companies that are members of a larger group or for businesses with a period that is not exactly 12 months.
Specialist audits are also subject to different rules such as charities, academies, FCA regulated businesses, pension schemes and solicitors.
Find out more about our specialist audits and reviews
Even if your business is exempt from audit you may choose to have an audit voluntarily if you or your shareholders want the benefits of an audit.
Why have an audit?
An audit should not just be seen as a compliance based service, there are a number of benefits to having an audit, including:
If your business is not required to have an audit, you can see the benefits but don’t want the added cost of a full audit why not speak to us about one of our tailored assurance reviews
Our service to you
We want you to value the audit service we deliver and for this service to be the cornerstone of our relationship with you and your business. For this reason, creating value is core to our audit approach, to ensure we deliver this our clients can expect:
We seek to balance the compliance requirements with outstanding client service and value for money so that the audit is of benefit to your business.
Our dedicated audit team, which numbers over 40 staff across our offices, has an internally tailored approach which ensures we can work with you to minimise the disruption to your business whilst still delivering a value add compliant audit.
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