Audit

In a little over 20 years, the landscape has changed from a position where all company accounts needed an audit report to one where only those with turnover over £10.2 million and/or total assets of £5.1 million are required to have an audit.

The introduction of new UK GAAP and in particular FRS 102 has greatly increased the complexity of the accounting disclosures required in accounts, as well as the options available in preparing and filing accounts. Our experts can guide you through all these changes and identify the options that suit you best.

An audit can be so much more than just fulfilling a statutory requirement which is why many of our smaller clients still choose to have one. Our approach is tailored to the size and complexity of your business, shining a spotlight on your accounting systems and control environment. This knowledge and understanding of your business will enable us to:

  • Report to you any weaknesses in your systems and suggest improvements that can be made.

  • Analyse your results from a fresh, external perspective to give you a better understanding of the financial dynamics of your business.
  • Help you with developing your business plans.

Our expertise isn’t limited to companies. We undertake audits across a wide variety of sectors and specialise in charity and not for profit organisations.

Jolliffe Cork LLP is registered to carry out audit work in the UK by the Institute of Chartered Accountants in England and Wales. Details of our audit registration are available at www.auditregister.org.uk under reference C0001100439.