Offices In Manchester & Liverpool
Audit & Assurance Services
At Williamson & Croft we provide wide range of audit and assurance services to private companies across various sectors ensuring compliance is achieved and maintained with all relevant regulatory requirements. Our Partner led approach means we pride ourselves on bringing quality and innovation to ensure an efficient audit which provides added-value to our clients.
We utilise the latest cloud-based audit technology to ensure that your audit is completed in the most efficient possible way whilst still maximising the benefits to the business whether we are onsite meeting face-to-face, working remotely with video conferencing systems or most often a combination of both.
Our Services include:
How We Can Help You With Your Audit Process
Our Audit Department has over 15 years of experience in both audit and general practice accounting (business advisory, taxation and forensic accounting amongst other services). This means that they have the skills and knowledge necessary to add value throughout the audit process in terms of providing beneficial advice in areas such as improvements to internal controls, potential corporation and personal tax savings and identifying opportunities for growth or cost savings for your business.
We provide a detailed report at the end of the audit and meet with management to discuss our findings and how these can help the business in its obligations, continued growth and financially.
We utilise the latest cloud-based audit technology to ensure that your audit is completed in the most efficient possible way whilst still maximising the benefits to the business whether we are onsite meeting face-to-face, working remotely with video conferencing systems or most often a combination of both.
Not certain whether you should have an audit? Then read on or alternatively contact our office on 0161 399 0121 or our Audit Partner directly at tor.stringfellow@williamsoncroft.co.uk.
What Is Auditing?
An Audit is an objective look at the financial statements of an organisation by an independent “auditor” to ensure that their financial statements reflect the transactions they have claimed to have done.In practice, this means that we will review the financial statements of the business and confirm that they are properly prepared from the accounting records and through a combination of sampling of balances/transactions, reviews of controls and discussions with management we will check the accounting records of the business. We will then include a Report which sits within the financial statements confirming that these are a “true and fair” reflection of the results and financial position for the year.
Statutory Audits
Whilst there are various exemptions from audit which apply, most companies which do not qualify as small or which are members of a group which prepares consolidated accounts are legally required to have a statutory audit of their financial statements.
Non-Statutory Audits
Alternatively, many businesses which do not require an audit legally choose to have an audit voluntarily due to the below benefits associated with having the financial statements audited, in particular for growing businesses seeking investment, finance or in advance of a potential sale or flotation of a company.
What is Assurance Engagement?
If you do not want to undertake a full audit of the statutory financial statements of your business, but think that you would like some of the benefits of the audit process, then perhaps an Assurance Engagement would be ideal for you.
An Assurance Engagement will not have as wide a scope as an Audit but will be targeted with agreed-upon procedures to be undertaken by Williamson & Croft to ensure that the advantages to your business are maximised.
At the end of the process, you will receive a detailed report explaining exactly what work was undertaken, the results of the work, any recommendations and advice derived from our work and an “assurance report” which confirms that nothing has been found in our work to indicate that specific areas covered are not materially incorrect.
Testimonial
Fantastic service. Williamson & Croft have helped us grow as a business and we would recommend them highly to anyone. The whole team are always helpful and informative.
Testimonial
We were very impressed with the expertise and professionalism that Williamson & Croft provided to us during our recent group restructuring and we would highly recommend their services.
Testimonial
Williamson & Croft are a fantastic accountancy firm who have always provided us with a stand out service. We couldn’t be happier with the level of support they provide and the speed and efficiency of their operations. Not only are they experts in accountancy, tax and advisory, but they truly understand the digital marketing sector too. Highly recommended.
Testimonial
We were very impressed with the expertise and professionalism that Williamson & Croft provided to us during our recent group restructuring and we would highly recommend their services
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