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:

  • Financial Reporting Standard (FRS) 102 
  • International Auditing Standards (IAS)
  • Charities Statement of Recommended Practice (SORP)

We currently (November 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 – over 50% are 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.

    Next Step

    Contact us today to improve your college audit. You’ll be pleased you did.