Offices In Manchester & Liverpool
Audit & Assurance Services
Looking for reliable audit and assurance services? At Williamson & Croft, we’re the perfect partners for you, dedicated to providing a wide range of audit and assurance services to private companies across a wide range of sectors. We’re a firm that prides itself on blending quality and innovation to ensure efficient audits that add real value to our clients.
Whether you’re meeting statutory requirements or want to strengthen your internal controls, find out how our experts can help you today.
Our Services include:
We’ll complete a review of your company’s financial statements to ensure they reflect a true and fair view of your financial position. We can conduct specialist examinations for public bodies and local authorities to manage risks during investments.
We can conduct specialist examinations for public bodies and local authorities to manage risks during investments.
If you own a business that isn’t legally required to have an audit, we can do a voluntary one for you.
We can conduct a more cost-effective alternative to a full audit that looks at specific areas of your financial data.
Get expert support in preparing your accounts to meet the local UK accounting standards or more complex international rules.
We can conduct mandatory annual checks for law firms to prove they are handling their clients’ money safely and properly.
For more specialised audits, we can ensure that financial service firms are strictly following the Financial Conduct Authority’s rules regarding the protection of client assets.
We can complete vital compliance checks for estate and block managers, verifying that rental income and service charges are being held in secure accounts.
This is our advisory service, where our auditors will review your internal systems and workflows, recommending ways to make your business more efficient.
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 t.stringfellow@uhy-williamsoncroft.com.
What do we mean by auditing?
An audit is an objective look at the financial statements of your organisation by an independent auditor to ensure that your financial statements reflect the transactions you’ve claimed to have done. In practice, we can:
- Review your financial statements
- Confirm if they are properly prepared from the accounting records
- Use reviews of controls and discussions with management to fully check the accounting records of your business
- Include a report confirming your records are a true and fair reflection of your financial position for the year
We deal with both statutory and non-statutory audits…
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 following 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 don’t want us to undertake a full audit of the statutory financial statements of your business, but think that you’d like some of the benefits of the audit process, then an assurance engagement might be more suitable.
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 our experts 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.
Why you should choose Williamson & Croft for your audit & assurance services
Here at Williamson & Croft, our expert team, specifically our audit department, has over 15 years of experience in both audit and general practice accounting. As well as this, when you partner with us, you’re gaining:
- Award-winning knowledge and understanding of your finances
- Cloud-based audit technology to ensure your audit is completed in the most efficient way possible
- Detailed reports to discuss our findings
- An amazing selection of five-star reviews from trusted partners
- Centrally located offices for those seeking statutory audits in Manchester & Liverpool
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
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.
Our specialist team, ready to help you
Hopefully we’ve explained clearly above, but just in case you still aren’t sure:
Audits are a formal, independent examination of your financial records, in which our experts will provide an expert opinion on whether your financial statements are all true and accurate.
Assurance verifies that it is reliable, and we use risk assessments and due diligence to check a business’s health before decision makers act with confidence.
Yes, your company will usually need a statutory audit if it meets at least two of the following criteria: an annual turnover of more than £10.2 million, assets worth more than £5.1 million, an average of more than 50 employees, or if your company is part of a group that exceeds these limits.
The duration of one of our audits depends on the complexity and size of your business. Generally, it can take us a few weeks to review your data and systems. We use cloud-based technology to streamline the process, ensuring minimal disruption to your day-to-day operations. Get in touch for more information on how the process works.
Absolutely, yes. Beyond just compliance, an audit with us can identify potential risks before they become huge problems. It can also make your business seem much more attractive to banks and investors, as it proves that your financial data is transparent and reliable.
