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COVID-19 - an update

March 2020
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Our next event

COVID-19 - an update

March 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.
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"Just a quick note to say how really brilliant the payroll team have been in taking over our payroll . They have handled us brilliantly . They are extremely knowledgeable, patient and competent for which we are very grateful.
It was quite scary changing after 15 years, but have no regrets.
"
 
 

News

NEW – further details released regarding the government guaranteed loan scheme know as Coronavirus Business Interruption Loan Scheme (‘‘CBILS’’)
Matt Crawley

23 March 2020
Further details have now been released regarding the detail behind CBILS. Below is a link to a useful FAQ helpsheet that has been prepared the British Business Bank. https://www.british-business-bank.co.uk/wp-content/uploads/2020/03/British-Business-Bank-CBILS-FAQs-for-SMEs-FINAL.pdf
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Two senior accountants join the partnership at Lovewell Blake following the acquisition of parts of Grant Thornton's Norwich tax and audit practice
Marketing Team

19 February 2020
Leading regional chartered accountancy firm Lovewell Blake announce the appointment of two new Partners following agreement to acquire some of Grant Thornton’s local tax and audit practice in Norwich.
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Events

COVID-19 - an update
19 March 2020
We would like to reassure you that we are constantly reviewing the situation with regards to COVID-19. We are therefore currently suspending our scheduled events and we will continue to...
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