An external audit is the independent examination of an organisation’s financial records and its statutory financial statements.
Providing an independent opinion on financial statements, an external audit 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. This enables organisations to develop systems of control that 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, depending 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 – providing assurance without undertaking a full statutory audit.
Our accounts and audit team are experts in developing risk-based and cost-effective audit plans. Clients include corporations, academies, charities, and partnerships across a wide range of sectors.
Our team can help you with:
- Audit and accounts services for academies and schools
- Audit and accounts services for charities and not-for-profit organisations
- Limited liability partnerships
- Due diligence
Contact a member of our team to hear more about how we can help with an external audit today.
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