But you may be exempt
Whilst only certain companies are required to have their accounts audited, if you’re a business looking for investment or to raise capital for your future growth – it’s worth bearing in mind that shareholders, lenders, and investors still take plenty of comfort from the assurance that an audit gives
Statutory audits are for companies (or groups) not categorized as “small”, (as defined by the Companies Act).
We’re registered by the Institute of Chartered Accountants to carry out audits and have experience providing audit and audit advice for companies like yours across lots of different sectors.
With over 30 years’ experience, we know how to run a cost-effective audit. Not that it’s easy with the ever-increasing demand put on auditors by regulators and legislation. But we make sure we understand your business and plan thoroughly, so we have the right approach.
Our audit team is highly trained – we have to be in order to keep our audit license- with training extending into areas such as professional ethics, communication and team playing.
And we use an audit system and procedures that are regarded as one of the UK’s most efficient.
What we can do?
Not only can we audit limited companies and groups of companies, we also act as auditors for charities and trusts.
And if you are not required to have an audit but would like some level of assurance without incurring the cost of a full audit, we can offer an Assurance Report, where the work is far more limited in scope.
How much is it?
Audits are not cheap and vary according to the complexity of the accounts.
Furthermore, given it’s a heavily regulated industry, we are obliged to spend a great deal of time on work you, the client, won’t necessarily see, such as planning, “permanent information”, system notes and “completion”.
Do my accounts have to be audited? Yes, if your company is not “small” as defined by the Companies Act or if its in your company’s or charity’s constitution.
Are you going to drive me and my staff mad with loads of questions? We appreciate the inconvenience an audit can cause and our team are trained to cause minimum disruption.
What makes a good auditor? Well, an auditor must be technically competent, must be objective, have good people skills and must exercise a reasonable level of professional scepticism.
Ripe LLP is registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Details about our audit registration can be viewed at www.auditregister.org.uk, under reference number C001510563
- Fees can be agreed in advance
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We’re here to help. If we can’t help directly, we probably know someone who can. All you have to do is ask….