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T:  01282 332 091  |  E: info@kneeshaws.net

Audits

There are several reasons why you may need to have an audit, whether it be for legal reasons or to satisfy the terms of agreement with your bank, shareholders or suppliers.

Kneeshaws are registered to carry on audit work in the UK & Ireland by the Institute of Chartered Accountants in England & Wales. As Registered Auditors we can provide audit reports for limited companies, solicitors, pension schemes, charities and all other regulated activities.

For those who do not need or want a full audit, but want the reassurance that their financial systems and controls are operating effectively, we can conduct an assurance review.

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Audit

The main objective of an audit is to examine the financial statements of an entity to ensure that the information provided in the financial statements represents a true and fair view of the entity’s performance. If you are required to have a statutory audit, it is no less valuable just because it has been forced upon you by the law. Our audit work can help you in deciding how and when to implement changes by providing examples of good practice. Our work will identify where your systems and controls can be improved, helping you to manage risk and operate more effectively.

Assurance Review

An assurance review provides management with flexibility on the areas of the business that they feel would benefit from an external review. During an assurance review we will review your accounts and investigate any areas of concern. Inquiries of management and sophisticated analytical review techniques allow us to assess the financial statements at a high level. This includes analysing changes from one year to the next and may include further sample testing and additional procedures to address identified concerns. A conclusion is presented in a report which is appended to your financial statements so that everybody who reads them can see that an independent review has taken place.

Solicitors Accounts Rules Audit

Some industry sectors have very specific rules and we are particularly experienced at carrying out Solicitors Accounts Rules audits. As a firm of solicitors, this may be required in order to confirm compliance with the rules of the Solicitors Regulation Authority. If your business holds client money and carries an average client balance in excess of £10,000 a year, with a minimum account balance of £250,000, then you will be required to have a Solicitors Accounts Rules audit, which must be completed within six months of your year end.

Comply With Legal Requirements

Ensure Your Accounts Are True & Fair

Help Detect Fraud & Error

To Help In Obtaining Finance

To Assist In The Sale Of A Business

Check That Systems & Controls Are Working Properly

  • Cartin Lincoln Haynes

    Everyone at Kneeshaws is so helpful and they are the perfect Accountants firm to support businesses. As a Law Firm, we have particular Accountancy needs and Kneeshaws are fully up to date with all changes in the regulations that we have to adhere to. I always know, whatever my financial/accountancy/tax question, someone at Kneeshaws will know the answer and be at the end of a phone to help straight away. I have recommended my client’s to Kneeshaws for advice and they have also found them friendly, helpful and knowledgeable. Thanks Andrew and all the team. It’s great to have you supporting our business.

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