An external audit is the independent examination of an organisation’s financial records and its statutory financial statements.
It provides an independent opinion on financial statements and can identify weaknesses in systems of financial control.
External audits help establish the credibility of an organisation’s financial statements, building confidence with shareholders and stakeholders, including banks, regulators and trading partners. The regular examination of accounting records and financial statements also promotes good governance and transparency and can help organisations develop systems of control to protect against fraud and regulatory non-compliance.
Many organisations are required by law or regulators to have their financial statements audited. Some small organisations may be exempt, dependent on size and relevant regulations. We advise on specific requirements and, if your organisation is exempt, the alternatives, such as voluntary audits and independent examinations, which can provide assurance without undertaking a full statutory audit.
Our accounts and audit team are experts in developing risk-based and cost-effective audit plans. Our clients include corporates, academies, charities and partnerships, across a wide range of sectors.
Our accounts and audit team can help you with:
Contact a member of our team today to hear more about how we can help.