Great Value, Independent School Audits – West London

It’s a tough time for independent schools. But we’ve enabled our schools to increase savings and cash flow.

Our staff have worked on an audit for St Edwards School (in Oxford) – and led audits for Oxford University colleges such as Lincoln College and Lady Margaret Hall.

Independent School 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)

Benefits of Our Independent School Audits

We 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

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 school audit. You’ll be pleased you did.