Business Audit & Assurance
Our experienced audit teams provide a tailored service based on an in-depth understanding of your organisation. We add value to the audit process, providing practical advice, driven from our sector specialisms.
Time for an audit?
Are you looking for auditors that will provide you with a fresh perspective and a no-surprises approach? If so, you’ve come to the right place!
Here at WR Partners, we pride ourselves on building strong partnerships with our clients, so that we can work effectively together. We understand that your business doesn’t stop when our audit starts, and that’s why we will work with you to design an audit approach that fits your needs.
But, what is an audit?
An audit is where your organisation’s records are checked to ensure that your financial statements are showing a true and fair view of your organisation’s financial position and performance.
Here at WR Partners, we believe that communication is key to success and that’s why we’ll keep you up to date every step of the way. There are different criteria for requiring an audit depending on what type and size of organisation you are. If you’re unsure, click on your relevant sector below and we’ll explain it in simple terms!
A flexible approach
We build strong partnerships with our clients and due to our low-staff turnover, we can ensure continuity of staff in key positions throughout assignments and from year to year. We really want to get to know you, and that’s why we invest a significant amount of time in understanding your organisation.
We are forward-thinking and have embraced changes in technology and can therefore provide you with an excellent audit service that can either be conducted at your premises, remotely or through a combination. For meetings, if you prefer to meet us face to face, that’s great, come to our offices or we can come to you! Alternatively, we have several options for communicating remotely over zoom, teams or just picking up the phone!
Audit Benefits
If your business is exempt, you could still benefit from our advice. For example, if you are a growing business, or are considering a sale, an audit can help to ensure your business is appealing to investors.
Other forms of assurance are also available, which can help reassure investors and stakeholders that your business is performing, risks are being mitigated and that you are complying with legislation.
Specialist teams
A service tailored to your needs
We conduct a wide range of audits at WR Partners and understand that specialist knowledge is required. That’s why we have individuals within our team who specialise in certain audit areas, to enable us to provide you with the best possible service.
Click on the links below if you’d like to find out more about our audits:
Corporate
Find out more
Charities and not-for-profits
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Pension Schemes
Find out more
Education
Or, should you prefer to reach out to a member of our team, contact us using the form below today
Our Offices
These 6 offices are all staffed with experienced and expert consultants who can help audit your business. If you would like to learn more about a specific office, please follow the respective link, visit the office or call.
Business Audit FAQs
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No, some companies can claim exemption – If you qualify as a small company, then you’ll usually be exempt from needing an audit unless you’re a member of a group.
If you meet two of the following criteria then you will qualify as a small company:
• Fewer than 50 employees
• Total assets less than £5.1 million
• Annual turnover of less than £10.2 million
There are certain companies that require an audit by law, regardless of their size or income. Further information on this can be found on the GOV.UK website.
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Auditing provides an independent check on the finances of the company and auditors can report on any areas where they see improvements could be made.
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Some companies require an audit by law – link to ‘does my company need an audit’. An audit can be valuable even if you don’t need one by law to provide an independent check on the finances of the company.
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No, small companies can claim exemption, but some small companies will still have an audit if an independent check of the finances of the company is required – for example if the shareholders are not involved in the running of the company or if the company is going to be sold.
If you meet two of the following criteria then you will qualify as a small company:
• Fewer than 50 employees
• Total assets less than £5.1 million
• Annual turnover of less than £10.2 million
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An audit is where your organisation’s records are checked to ensure that your financial statements are showing a true and fair view of your organisation’s financial position and performance. There are different criteria for requiring an audit depending on what type and size of organisation you are.
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An audit of a company follows a standard process set internationally. It checks, on a sample basis, the accuracy of the financial statements of the company.
Interested in learning more?
If you would like any more information about our services, don’t hesitate to get in touch. Our knowledgeable experts are always available to chat and will be able to guide you towards a service that benefits you and your business.
Fill in the form to arrange a callback or contact us using the details below:
Email hello@wrpartners.co.uk
Give us a call 08081 689 362
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