Great Value Small Business Audits – West London UK
Great Value Small Business Audits – West London UK
Small Business Audits
We’re Chartered Accountants; our audits are designed to ensure your compliance with UK legislation. When audits are needed purely for compliance, we understand they can sometimes feel like a bit of an imposition.
That’s why we’ll make your audit as easy as possible.
Often, our audit testing also identifies tax savings and cost efficiencies.
Reducing Small Business Audit Workloads
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
Our Audit Clients
- We audit organisations with a UK turnover of £2m+, including:
- We have audit expertise and experience across a wide range of business sectors
- We audit UK subsidiaries of international companies from many countries
- Our clients include well-known companies such as Sharp Electronics, Linguaphone and Kuoni.
Our Audit Team
- 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
Regulatory Compliance
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.)
- Companies Act 2006
- International Financial Reporting Standards (IFRS)
- Financial Reporting Standards (FRS) 102 Section 1A, FRS 103 and FRS 104
- International Auditing Standards (IAS)
- Charity SORP
- Jersey and Isle of Man regulated audit licences
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.
Small Business Audit Case Studies
- A new client needed an audit carried out within 14 days. Our advanced audit systems enabled us to plan and execute their audit within time whilst ensuring minimal management disruption.
- Our audit identified a new client who had not claimed their Employers Allowance. We were able to reclaim them for several years, generating a significant repayment for the company.
- We identified a new client that held patents, enabling them to save 9% of the relevant profit – and also make back claims for the previous six years.
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 relieve your small business audit headache and better manage your risks. You’ll be pleased you did.