Audit
Audit and assurance services
Farley Kaye FCA
Managing Partner
For more information please contact Farley:
farley.kaye@fkgb.co.uk
+44 (0) 207 993 8346
+972 (0) 52 627 7472
Accountant report
This standard report gives assurance that your accounts have been prepared by a professional external team, presenting your finances in accordance with the relevant legislation.
Assurance review
One step removed from a full audit, this voluntary exercise is useful if you, your investors or an external body are looking for assurance of the quality of your accounts. It is less resource-hungry than an audit and will provide some insight into your organisation’s financial credibility.
An assurance review will include:
- Consultation with management about the accounting treatment of key items
- Detailed analysis of the results and balance sheet
- Review of the appropriateness of accounting policies and their application
Voluntary audits
You may consider a voluntary audit in the following circumstances:
- Your current or potential lender (such as banks and other financial institutions) require an audit under the terms of their loans or facilities
- Outside shareholders not involved in the running of the business require independent verification on the company’s accounts
- The business or its shares are being prepared for sale
- The management structure of your organisation are looking to ensure the financial health of the overall business or specific areas.
Statutory audits
You may be required to carry out a statutory audit in the following circumstances:
- As a limited company, you are required to carry out an audit under the Companies Act or their Articles of Association
- You are a UK subsidiary of foreign-owned holding companies.
- Your regulatory body requires an audit as part of your professional practice (e.g. solicitors, charities, financial services, insurance brokers, travel services etc.).
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