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Audit

Statutory Audits for Small Businesses and Start-ups

You might think of statutory audits as a distraction and a hindrance to the day-to-day operations, but they are of great importance. Read on to find out how your business will benefit from undergoing statutory audits, and how Wisteria Accountants can help you perform this.

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Are you looking for a Financial Auditor?

Fill out this simple form below. A member of the Wisteria team will be happy to give you a call back.

What makes Wisteria different?

Specialist tax and business advisers like no other

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    Insights

    During the audit process we will seek to suggest ideas, solutions, and insights to any issues you might encounter and provide recommendations to your control environment as part of our added-value proposition.

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    Clear, concise, and pro-active communication

    We will pro-actively keep you in the loop and ensure open communication of audit progress including early warning on any emerging issues. There will be no late surprises!

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    Audit Quality

    Our audit experts bring a breadth of knowledge and experience to the process. High audit quality is at the heart of what we do, which gives you peace of mind that the audit process is being delivered to high standards, agreed upon timetable and your expectation.

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    Collaborative longstanding relationship

    We pride ourselves on our collaborative approach, which results in longstanding relationships that are built on trust and integrity with a team that is adaptable to your immediate needs and future growth ambitions.

Meet the expert

Barry leads the Audit & Assurance department at the firm having significant experience providing statutory and non-statutory audit services across a wide variety of client sizes and sectors. Barry also has significant expertise in financial reporting, general accounting and financial advice.

Prior to joining Wisteria, Barry had nearly 15 years of experience working in Central London and the City. Barry trained at Alliotts LLP and post-qualification moved to Grant Thornton UK LLP where he gained a further 10 years of experience delivering high quality national and international audits.

bau@wisteria.co.uk

Learn more about Barry

Our understanding

No matter what the scenario, it is natural to hope that the audit process causes minimal distraction for your finance team. Effective communication is key to minimise disruption. At the outset, we will define the objectives and agree on a realistic timetable which will highlight key stages and deliverables.

During your audit, we will highlight significant issues to you as they arise. At the conclusion, we will report on weaknesses in the systems and controls in the accounting system that have been identified. We will then make recommendations that will prevent fraud and error.

In the past, we’ve even had a small number of clients who don’t meet the legal requirements for a statutory audit but choose to do so for the purpose of transparency and as good corporate governance. This is particularly popular for small businesses who are fast growing. It is also common in cases in which a sale or fundraising round is likely in one to three years.

How we can help

At Wisteria, our focus is on identifying issues within your systems and ensuring that your business remains compliant. We also make sure that sufficient checks and safeguards are in place to protect against unexpected issues. This approach is sure to give the shareholders and external stakeholders peace of mind.

The way that we approach statutory audits is by first completing a risk assessment of the business in question. This way, our work can focus on the areas of most significance, or those that have the greatest risk of error.

Our experienced team has worked with a wide variety of sectors. This, together with a deep understanding of your business, will ensure that audit is not only compliant with International Standards on Auditing, but will focus on matters that will add value to your business. For more information about our services, contact us today.