External statutory audit
If you are a director or trustee of an entity governed by the Companies Act then it’s important for you to have a consideration of the statutory audit thresholds. Entities which do not meet the criteria for audit exemption, as provided within the Companies Act, for any given accounting period must have a statutory audit. The exemption criteria for groups can become quite complicated and professional advice may be required. At MFW, we are proud to be a firm of Registered Auditors and to be able to provide these services at a time when many independent audit firms are removing themselves from the marketplace.
Our approach
We understand that many organisations consider a statutory audit to be a necessary compliance exercise. Due to the specialist skills and experience required, and the compulsory procedures to be undertaken for a fully compliant statutory audit, this can represent a significant financial cost to the organisation. Our focus is on delivering a robust, proactive and efficient audit service, which is value for money. We work with a large number of organisations that range in size and complexity. We will draw upon the knowledge that we have acquired in acting for similar organisations, whilst tailoring our approach to your particular circumstances, to provide you with the best service possible.
Why choose MFW for your statutory audit?
At MFW, we strive to add value to our clients in everything we do, and statutory audit is no exception. Whilst the primary focus of a statutory audit engagement is to form an audit opinion on the financial statements, we take opportunities wherever they arise to engage with both management and those charged with governance and to supply recommendations on where financial and non-financial controls and procedures can be strengthened. Our audit services are undertaken with a view to contributing to the future success of your organisation through assisting you with improving the quality and accuracy of the financial information on which you rely when making business decisions, whilst ensuring you remain compliant with current and impending financial reporting standards.
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