Audit and Assurance
Brays is registered to carry out statutory audits by the Institute of Chartered Accountants in England and Wales (ICAEW). You can view our entry on the Register of Statutory Auditors.
If your company or group is large enough to require a statutory audit, we can plan the scope of our work to fit with your business, carrying out audit work either on-site at your premises, or from our own office.
The prospect of an audit can be daunting for a smaller business; If your business is growing and you will soon need to have your accounts audited, we can help you to plan for the additional administration this will involve, to ensure the process is as smooth as possible.
Request a call back
Arrange a time for us to call you and we will be happy talk to you about how we can help you with your Accounts and Tax.
Does my company need an audit?
All companies are required to have their accounts audited as standard unless they qualify for an audit exemption. The most common exemption available is for small, private companies. Your company (or group) is small if it meets at least two of the following criteria:
- Turnover of less than £10.2 million;
- Gross assets of less than £5.1 million,
- Number of employees less than 50.
Contact us to find out more about audit exemption.
Even if a statutory audit is not required, you may still decide to request a voluntary audit of your accounts. This can provide additional assurance for you and other investors, lenders, and stakeholders, enabling you to gain independent feedback as to the strength of the financial systems and safeguards you have in place across your business.
If you choose Brays to audit your company’s accounts and would also like us to provide other business services, such as Accounts and Business Tax, we can split these services across our team to ensure no conflicts of interest arise.