Voluntary Audit

Whether required for compliance or not, businesses may find they benefit from the audit process to assure stakeholders or provide an independent review of their systems or assets.

Having a business professionally audited lends credibility to the integrity of a business’s financial data. In addition, the rigour applied in an internal audit, delivers value well beyond that of numeric validation.

For one, insights gained can play a fundamental role in the successful ongoing management of the organisation. This is particularly relevant if the business is a fast-growth smaller firm with ambitious plans for for expansion, or where there are plans to sell the business or float it on a stock exchange. Knowing the numbers have been professionally audited provides reassurance, helping managers, stakeholders and potential purchasers make an informed opinion as to the company’s underlying performance.

The benefits of a voluntary audit

Our clients see the benefits of an external review of financial reporting and procedures in any number of ways including:

• Identifying potential weaknesses in internal control
• The comfort of knowing that the information being reported to shareholders is accurate and reliable – especially where they are remote from the business
• Future proofing the reliability of financial data in the context of plans for expansion, sale or further business development
• Identify opportunities for improving business performance

As with our statutory audits, at the end of each assignment we make suggestions for areas in which a business might improve its systems and reduce exposure of risk.

View our process 

Who we work with

We have offices in Fulham (London) and Edinburgh and predominantly conduct voluntary audits for organisations in South West London, the Southern Home Counties, and Edinburgh.

Our voluntary audit services cover:

• Limited companies

• Limited liability partnerships

• Sole traders and partnerships

• Professional bodies

• Multi-site set ups with regional branches

• UK subsidiaries of European organisations

• Charities