Our next event

Academies event: Maximising your income generation opportunities

February 2020
View details

Our next event

Academies event: Maximising your income generation opportunities

February 2020
View details

Business

Audit and Assurance

Audit and Assurance

Depending on the size of your company, your financial statements may require a statutory audit. Our dedicated audit team have the skills and experience necessary to not only meet your regulatory responsibilities, but to also provide you with a proactive and individually tailored service. Our approach is designed to deliver an efficient compliance service, with minimum disruption to your business operations, whilst seeking to also identify practical suggestions for improvements to internal reporting and control systems. The audit process also gives us a detailed insight into your business, which enables us to provide you with proactive business, strategic and tax advice.

If you are exempt from needing a statutory audit you might still require a level of assurance. If this is the case you have various options open to you, ranging from a full voluntary audit, an assurance review or an agreed-upon procedures engagement.


Voluntary Audit
There are good reasons why you might opt for a voluntary audit:
  • Reassurance about the integrity and quality of your financial statements and internal controls, especially where you have external shareholders
  • Your key customers may require an audit as part of their contractual agreements
  • Your lenders or investors may want one to satisfy their requirements
  • You can use voluntary audits to build financial credibility prior to a sale


Assurance Review
An assurance review is less intensive, less expensive and more flexible than a full audit. It may be a suitable alternative for your business if you still need to provide assurance regarding the quality and accuracy of your financial statements to lenders or other interested parties.

Agreed-Upon Procedures
This can provide a useful bespoke review of specific areas of concern.

Whichever option you choose we will work to the same high standards, agreeing key objectives and risk areas and working to a timetable to suit your needs.
Call us on 01603 663300       

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"I would recommend Lovewell Blake Chartered Accountants to my professional colleagues, as they provide efficient and excellent service. They have handled our practice accounts, payroll and business related matters including IPP with great expertise."
 
 

News

Making sure gifts to employees are tax-free
Sadie Nicholls, Tax Team

5 December 2019
As we approach Christmas, some employers may wish to consider giving a small gift to their employees. As long as the employer meets the relevant conditions, no tax charge will arise for the gift recipient.
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Gifting for children
Sarah Edmunds, Paraplanner

4 December 2019
It’s that time of year again when our thoughts come to gifting to our nearest and dearest. When it comes to the children in our lives this often means a new toy, or a new outfit. But what about those who already have everything they need?
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See all our news

Events

Academies event: Maximising your income generation opportunities
25 February 2020
Income generation is becoming an important part of the business of running a school or academy and with limited funds available now is the time to think outside of the...
Read More