At present, businesses who meet 2 or more of these criteria do not need an audit –
- A turnover of £10.2 million or less
- 50 or few employees on average
- Assets worth less than £5.1 million
If your private company exceeds 2 or more of those thresholds, or if you do not but your shareholder agreement states that you must carry one out, then you will be subject to audit each year and will require a specialist accountant.
Your audit will be carried out following the preparation of your year end accounts and can be included as part of a package of accounting services put together for your business and managed by our experienced partners.
Not only are Cottons Chartered Accountants registered auditors, we are constantly looking to provide added value to the process. A well-detailed audit will highlight information which can have an extremely positive effect on the future progress of your business.
In addition to our statutory audit service, we can produce specialist audit reports including solicitor accounts’ rules, a provision offered by only a fraction of audit accountants. We can also carry out charity audits.
If your company requires an audit accountant then contact us now to talk to us about the service and how much it costs. Our specialist accountants are available throughout The Midlands and The South East. Check out our locations and what type of businesses we work with.