Auditing
For an owner-manager of a business an audit is a vital business control. It is not just about the legal requirement to do so, but it gives business owners an insight as to how their business is performing allowing them to take what necessary action is appropriate.
At SJPR will spend time understanding your business and then test the mechanisms in place, working closely with the team in-house, to make the audit as efficient as possible.
By doing it this way we are able offer constructive feedback on your internal systems and processes to make the audit more efficient in the future.
Get in touch now to find out more.
Audit and assurance services for UK companies
An audit gives shareholders, lenders and investors independent assurance that your financial statements present a true and fair view. SJPR works with registered auditors to deliver statutory and voluntary audits that add real insight into how your business is performing.
Does your company need an audit?
Most small companies are exempt from a statutory audit if they meet the small company criteria set by the Companies Act. An audit may still be required if your company is part of a group, is regulated, if shareholders holding at least 10% request one, or if lenders and investors make it a condition of funding.
Our audit and assurance services
- Statutory audits under UK auditing standards
- Voluntary audits to support funding, sale or investment
- Audit preparation, including closing the books and supporting schedules
- Independent examinations and agreed-upon procedures
- Internal control reviews and recommendations
More than a compliance exercise
A well-run audit highlights weaknesses in controls, risks in your processes and opportunities to improve reporting. We explain the findings in plain language so owner-managers can act on them.
A smooth audit process
Because SJPR can also look after your bookkeeping and year-end accounts, your records are prepared with the audit in mind, reducing time, disruption and cost.
Frequently asked questions
Is my small company exempt from audit?
Most small companies that meet the Companies Act small company criteria are exempt, unless they belong to certain groups, are regulated, or shareholders with at least 10% request an audit.
Why would a company choose a voluntary audit?
A voluntary audit adds credibility with banks, investors and buyers, and can strengthen internal controls.
How long does an audit take?
It depends on the size and complexity of the business and the quality of records. Well-prepared records make the process much faster.
Can SJPR prepare my records for audit?
Yes. We can close the books, prepare supporting schedules and liaise with the auditors throughout.
Speak to SJPR Accountants. Call 020 3371 0292 or contact our London team to book a consultation.
Address
- 225 Clapham Road London SW9 9BE
- Unit 41 Skylines Village, Limeharbour London E14 9TS
Contact
- 020 3371 0292
- 020 38699900
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