Our Audit and Assurance Services
Audits for SMEs and growing enterprises
What is an Audit?
An audit is an independent, thorough review of a company’s financial statements to verify their accuracy and compliance with legal and regulatory standards.
While some businesses are legally required to undergo an audit, others choose to do so voluntarily to strengthen their financial creditability, secure funding, or prepare for mergers and acquisitions.
A company typically requires a statutory audit if it meets at least two of the following criteria:
- Annual turnover exceeding ยฃ15 million
- Assets worth more than ยฃ7.5 million
- Over 50 employees
This process offers peace of mind to stakeholders and support strategic growth opportunities.
Even if your organisation is not legally required to have an audit, you may choose to have a voluntary audit when you require a generally recognised and robust form of external assurance for example:
- As a requirement to win work from a key customer
- Part of an arrangement with your financier
- In preperation for a potential sale of business in the future
The SRA requires solicitors and law firms in England and Wales to undergo an annual audit of their client accounts. This focuses entirely on compliance with the SRA Accounts Rules.
Most grant funders like Innovate UK, Horizon 2020 and FP7 require beneficiaries to report to them periodically on expenditure. Spending needs to be verified by an independent, external auditor who will confirm that expenditure was spent in line with grant conditions.
Provision of a comprehensive review of the service charge accounts to ensure they comply with legal requirements and industry standards.
CASS/Client Money Audits ensure that our clients who are involved in handling client money are compliant with the FCA’s Client Asset Sourcebook (CASS) regulations.
Targeted reviews, such as turnover audits, with detailed AUP reports.
The Purpose of a Statutory Audit
A statutory audit ensures financial statements accurately reflect a company’s position,
providing confidence to shareholders, investors, and stakeholders.
The Key Objectives
Ensure accuracy and compliance
Build stakeholder trust
Detect and prevent fraud
Strengthen internal controls
Ensure legal compliance
Boost Credibility
Support better financial decisions
As independent auditors, we provide a clear, accurate assessment of your company’s financial health, ensuring shareholders get a trustworthy view of its performance and positions. With a sharp focus on efficiency, timeliness, and thorough analysis, we deliver insightful reports that instill confidence across all stakeholders.
Our experience with SAS Audit during our first audit was very positive. The team made the process highly efficient and streamlined, saving us time and effort from the start. They took the complexity out of the audit, explaining everything clearly and addressing any concerns with professionalism and ease.
The SAS team were meticulous in handing every detail, allowing us to focus on running our business with confidence. We are incredibly grateful for their expertise and we would highly recommend their services to anyone seeking a hassle-free, thorough audit.
โ Linda Cutten
Finance Manager at JDC Scaffolding
Netwrix
Netwrix is a global cybersecurity leader, headquartered in the United States and operating extensively across Europe. Trusted by over 13,500 organisations in more than 100 countries, their solutions play a pivotal role in helping businesses bolster their security frameworks and reduce cyber risks in an ever-evolving threat landscape.
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