Great Value, College Audits – West London
Great Value, College Audits – West London
It’s a tough time for colleges. But we’ve enabled our college clients to increase savings and cash flow.
Our staff have led audits for Oxford colleges such as Lincoln College and Lady Margaret Hall.
Colleges Audit Compliance
We are Chartered Accountants. We take a risk-based approach to reduce “misstatements” and design audit tests to ensure your audit report is factually accurate.
We help ensure you comply with UK legislation and better understand your commercial risks. We’re regulated by the ICAEW and the Financial Reporting Council (FRC). When required, our audits are fully compliant with the following:
- GAAP (Note: GAAP in the UK is legally FRS 102.)
- Financial Reporting Standard (FRS) 102
- International Auditing Standards (IAS)
- Charities Statement of Recommended Practice (SORP)
We currently (December 2024) have the staff and expertise to complete your audit requirements rapidly.
Benefits of Our College Audits
We help ensure you:
- Are compliant with the Charity Commission
- Better understand your commercial risks
- Make the best use of tax savings
- Optimise your VAT
- Operate efficiently
- Increase control
Reducing Your Audit Workload
We’ll help reduce your audit workload and save you time by:
- Working efficiently
- Using the Inflo digital audit platform to aid:
- Tracking queries and emails
- Quality management
- Client collaboration
- Data analytics – to automate general ledger drill-downs
- Using our knowledge from auditing many accounts/ ERP systems
Audit Resources
- We can meet your audit needs. We’ve dozens of experienced auditors.
- We have recruited over 50% of our audit team from top-4 and top-5 firms.
- We’re a full-service, mid-sized audit firm (70 staff).
- We’re based in West London and have several UK offices.
Audit Methodology and Process
We use the Mercia audit methodology – our key processes are:
- Identify key risks
- Define audit strategy
- Prepare and plan
- Gather information and documentation
- Fieldwork, design and testing of key risks
- Review and analysis
- Reporting
- Submission and file
- Post-audit review and feedback
Working With Us
We’re relationship-driven and proactive. Our company culture is flexible, efficient, and focused on meeting your audit goals.
As far as possible, we deliver on time and ensure there are no last-minute surprises.
Senior Audit Team
Edmund Cartwright FCCA
Managing Director / Audit Partner
- Fellow of the Association of Chartered Certified Accountants (FCCA).
- Authorised by the Institute of Chartered Accountants of England and Wales (ICAEW) to conduct audits.
- Authorised as a Responsible Individual by the UK Financial Reporting Council (FRC) to conduct Public Interest Entity (PIE) audits.
Rob Wilkes FCA
Audit Director
- Rob has 34 years of audit experience.
- Worked in the UK, Ireland and Australia and at four of the top five global accounting firms.
- Advises and audits clients in the technology, professional services, leisure, hospitality, manufacturing, wholesale and NFP sectors.
- Experienced in leading the delivery of audits for listed companies, large privately owned international companies and Private Equity owned businesses.
Madhu Babu Chennupati ICAI, MBA (Finance)
Senior Audit Manager
- ICAI (Institute of Chartered Accountants of India)
- MBA (Finance) – Manchester Business School
- 10 years of experience delivering high-quality audits to clients ranging from small businesses to multinationals.
- His sector experience includes banking, technology, retail, and manufacturing, as well as public interest entity (PIE) audits.
- Led bank audits in the UK, Egypt and the Middle East.
Next Step
Contact us today to improve your college audit. You’ll be pleased you did.