Audited Enitites

Efficient audits to give you financial clarity

Audits are primarily viewed as compliance measures that must be conducted on an annual basis to check that everything is working as it should.

For entities that face an audit, the process can represent a way to become more efficient and lay the foundations for sustainable growth.

A good audit should do more than satisfy a statutory requirement. It should give management useful insight into the financial reporting and control environment of the organisation.

Our team will tell you exactly how your business is currently operating, finding any cracks in your processes and giving you the insights to help you remain in business for years to come.

Get in touch for the pragmatic approach to audits your entity needs.

Get in touch

Discovering the benefits of an audit

There are a range of factors that determine whether an entity must submit to a statutory audit, but the most common reason is when any two of the following apply:

An annual turnover of more than £15 million
Assets worth more than £7.5 million
50 or more employees on average

Businesses approaching the thresholds may also benefit from discussing whether an audit would provide additional assurance or insight.

While the most obvious reason for doing this will be to get familiar with the system, audits should also be seen as a way to take control over your entity’s future.

An audit report can identify the structural weaknesses that run through your finances, alerting you to problems while they are still manageable before they threaten the future of your work.

A better way to do an audit

Businesses can find the audit process frustrating if they are used to audits being slow or disruptive. There are ways to make an audit truly beneficial and this begins with having a strong approach to getting ready for the event itself.

Having someone in your organisation able to act as a point of contact for the auditor ensures that communications can be streamlined and handled by the fewest number of people so that the entire team does not get distracted by the process.

Agreeing the information and documentation required with your audit team in advance can help prevent delays and bottlenecks.

Making the most of your audit report once issued allows you to be confident that the same problems will not come back, year after year.

Each audit report gives you a chance to take your operation in a stronger direction and the more detailed and honest report you have, the better this process will be.

SGD: Your audit partner

Rather than just helping businesses, we work with a range of different entities who may all require a slightly different approach.

We audit:

Companies
Groups
Foreign subsidiaries
Charities
Solicitors
Pension schemes
Technology businesses
Retail companies
Retail companies
Professional service firms

Each entity we work with benefits from our meticulous approach as our experts work to get into the granular detail of your financial situation.

We take a thorough and risk-focused approach so that you walk away with an audit report that is of genuine use to the future of your operations.

As we are independent, our audits are conducted with the sole focus of giving you the information you need to iron out issues and make better financial decisions.
If you want an audit that works for your entity, speak to our team today.