Audit Services

Introduction

All United Kingdom companies, until recently, were required to have their accounts audited.

Audit reports

The Companies Act now confers exemption from audit on all companies unless they meet any one of the following criteria:

• the company's annual turnover is more than £5.6m; or
• the company's balance sheet total is more than £2.8m; or
• the company was at any time during the period one of a number of types of company, such as a public company, or a banking or insurance company; or
• if 10 per cent of shareholders give written notice demanding an audit.

It is the auditors responsibility to form an independent opinion that the accounts give a true and fair view; and report their opinion in a report (known as an audit report) to the company's shareholders.

In the United Kingdom audits can only be conducted by suitably qualified accountants who are registered auditors.

Our partners have the necessary qualifications and are registered auditors. We can, therefore, act as auditors of your company whatever its nature or size.

For further information please contact us or request our fact sheets service.

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