External Statutory Audit
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Trusted Statutory Audit Services in the UK – Clear, Compliant, Credible
Statutory Audit Services UK by Makesworth
An statutory audit is a mandatory inspection of a firm’s accounts by a professional, independent auditor. In the UK, statutory audit compliance is required for firms with turnovers, assets, and employees that cross specific levels, which provides assurance to HMRC, Companies House, investors, and lenders.
Aside from regulatory requirements, a statutory audit also identifies risks, controls weaknesses, and reports inaccuracies that might otherwise be overlooked. Audit services for small businesses in the UK are critical for scaling operations or preparing for future regulatory scrutiny.
At Makesworth, we offer independent audit services with a difference. Our ACCA-registered audit firm in Harrow offers in-depth industry expertise, risk-based audit methodology, and a hands-on service to guarantee accuracy, compliance, and transparency. Whether you are a small business or a larger firm seeking a company statutory audit in London, we tailor our process to your unique needs and deliver more than just a report.
Benefits of Our Independent Audit Services in the UK
- Builds confidence with banks, investors, and clients
- Fulfils statutory audit compliance under Companies Act 2006
- Highlights financial and operational risks early on
- Provides clarity for strategic decision-making
- Ensures financial transparency and accountability
How often is a statutory audit required?
There must be an annual statutory audit for UK firms that exceed two of the following: £10.2 million turnover, £5.1 million assets, or 50 employees. Certain regulated bodies (e.g., FCA-regulated firms or charities) can be required to be audited regardless of size.
How does Makesworth handle statutory audit for subsidiaries and group companies?
We perform consolidated external group audits and component audits under ISA 600 in close conjunction with parent company auditors and with full adherence to IFRS or UK GAAP, as the case may be.
How does Makesworth ensure ethical compliance in external statutory audits?
As a regulated audit firm in UK, we strictly follow FRC Ethical Standards encompassing independence tests, conflict assessments, and open communication procedures.
Can Makesworth assist with transitioning from a previous statutory auditor?
Yes, absolutely. We conduct auditor handover professionally and ensuring continuity easily with opening balances, audit trails, and previous-year documentation from prior audits.
Lets's Talk
Contact Us:
020 7078 7345
Email:
info@makesworthaudit.co.uk
