Efficient, Great Value, University Audits

Efficient, Great Value, University Audits

It’s a tough time for universities. However, we’ve enabled our university audit clients to increase savings and cash flow.

Our staff have worked on audits for Oxford University colleges such as Lincoln College and Lady Margaret Hall.

University Audit Compliance 

We’re a top 100 firm of 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 FRC. When required, our audits are fully compliant with the following:

  • Financial Reporting Standards (FRS) 102 Section 1A, FRS 103 and FRS 104. (GAAP is FRS 102.)
  • International Auditing Standards (IAS)
  • Charities Statement of Recommended Practice (SORP)

Benefits of Our University 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

Efficient University Audits

We’ll minimise your audit stress and workload because:

  • We provide quick and easy access to key audit staff – and the information you need.
  • We maintain high audit staff availability so:
    • We can work flexibly according to your schedule.
    • We can meet tight deadlines.

Efficient Client Audit Communication

We provide open and clear client communications by providing:

  • Weekly catch-up meetings
  • Access to senior audit team members at all times  
  • Access to technical audit team members whenever required

Efficient Audit Data Management

Our specialist client audit portal provides data upload facilities and our Inflo digital audit platform will aid:

  • Tracking queries and emails
  • Quality management
  • Client collaboration
  • Data analytics – to automate general ledger drill-downs

Audit Staff Resources

  • We can meet your audit needs – as we’ve dozens of experienced auditors. 
  • Over 50% of our audit team are from top-4 and top-5 firms.
  • We’re a full-service, registered audit firm.
  • We’re based in West London, have several offices and conduct audits across the UK.

Competitive Fees

Our audit fees are competitive because they are aligned with your organisation’s scale and complexity. We provide great value without compromising quality.

    Next Step

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

    *Johnsons views itself as a top 100 UK accountancy firm, because it was only £37k short of number 100 in the Accountancy Age 50+50 list for 2024. Since this time, there have been many mergers in the market; Johnson's has grown organically and acquired another firm. Our client base and PIE audit license support our view.