Audit, Compliance and Assurance services

Toni Davies, Lovewell Blake, Audit, Compliance and Assurance Services

Robust assurance, financial reporting and corporate tax compliance.

Toni Davies, Lovewell Blake, Audit, Compliance and Assurance Services

Large companies, groups, and corporate structures have a broad range of compliance-based requirements. Often, the need for these services will be statutory in nature, but leveraging value from the assurance process can be a worthwhile objective. 

Our audit Partners have a wealth of expertise and are highly experienced in audit and assurance projects across a broad range of sectors. They work with you and your team to develop a highly intuitive audit strategy and process. Stringent controls testing can provide you with effective feedback on your business' systems and add value to your processes. 

Catherine	Jeffery

Different because you are

We pride ourselves on providing individually tailored services to our clients. Whatever your aspirations and priorities in business and life, we will be by your side with expert advice from local specialists. It is because your needs are unique, that the solutions we provide are distinct and personalised to you.

The process of preparing company and group financial statements will complement your audit timetable. As a Chartered firm, our accounting teams will produce high quality financial statements in accordance with Company Law and the relevant Accounting Standards. 

From a corporation tax compliance perspective, our dedicated team of corporate tax specialists will work closely with our audit staff to prepare the corporation tax computations, returns, and reports. With a focus on detail, we pride ourselves on our accuracy and attention to detail. Where more diverse requirements require consideration, our team of Corporate advisory specialists will consult on R&D claims, complex group structures, and maximising capital allowances. 

Consider the key compliance-based services our teams can deliver:

  • Preparation of fully compliant financial statements for large companies, groups and subsidiaries

  • Audit and more focussed assurance services on company and group accounts

  • Compilation of corporation tax returns and computations

  • Hosting your company registered office and acting as your tax agent

  • UK assurance, financial reporting and corporate tax services for international groups and UK subsidiary structures.

We are one of the largest and most diverse firms in the region but also stay true to our local roots in the structure of our advice. We believe that this provides our clients with a very balanced yet personal service.

Our audit and assurance Partners and staff are highly professional and will work with you to develop and undertake a dynamic approach to your corporate assurance requirements. Our aim is to undertake a robust process which provides key feedback on your financial statements, systems and processes, adding value to your operations and providing preach of mind to stakeholders.

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Key partners and staff

Gary Flatt, Partner for Lovewell Blake

Gary Flatt

Matt Crawley, Partner for Lovewell Blake

Matt Crawley

Neil Orford, Partner for Lovewell Blake

Neil Orford

Simon Watson, Partner for Lovewell Blake

Simon Watson

Toby Wilson, Partner for Lovewell Blake

Toby Wilson

Mark Hannah, Manager for Lovewell Blake

Mark Hannah

Tax Consultant
Steve Eagling, Manager for Lovewell Blake

Steve Eagling

Audit RI Director


Can you help with corporate tax work as well as audit?

Our corporate tax team have vast experience is advising our clients through a plethora of tax challenges including:

  • Company and group reorganisations including acquisitions and tax groups
  • Property transfers, disposals and acquisitions
  • R&D claims under both the SME scheme and the Expenditure Credit scheme
  • International aspects such as expanding overseas or coming to the UK.

Our corporate tax team is headed up by specialist tax partners with all the advisory work entirely independent of any audit work we also undertake.

What is an audit and do I need one?

An audit is the external examination of an organisation's financial statements by someone independent, normally a Chartered or Certified Accountant and Registered Auditor.

By law, a company requires an audit when it has two of the following:

  • Turnover in excess of £10.2m
  • Gross assets in excess of £5.1m
  • More than 50 employees.

There may be other scenarios when a company requires an audit and transitional years are treated slightly differently.

Many organisations will opt for an audit even if they do not require one by law as a statutory audit provides a much higher level of scrutiny. If you would like to discuss your needs and our approach to audits please get in touch.

Why might I need Tax Investigation Cover?

The policy will cover the costs of an HMRC enquiry. We will be able to translate the many complicated questions a taxman may pose, manage the entire conversation with the taxman, and help you submit any documents and information to them in the prescribed format.

Taking out a subscription to our policy means that our fees are one less thing for you to worry about. We can defend you as long as it takes to achieve the right result.

Can you help with accountancy compliance?

Our corporate services department can help in many areas of compliance, including but not limited to: preparation of financial statements (for audited and non-audited entities) to fulfil statutory requirements including filing at Companies House, providing advice in relation to the accounting treatment of transactions, providing Registered Office and Company Secretarial services such as Confirmation Statement filings, Director appointments/resignations, share transfers etc., making recommendations on a company’s procedures and processes as part of our audit findings.

What is an audit and why do I need one?

The main reason a company requires an audit is because they exceed thresholds set by the UK government. These are based on: turnover of the company (or group of companies), total assets and average number of persons employed. Further details can be found on the gov website: Audit exemption for private limited companies - GOV.UK ( . A company might also require an audit for various other reasons including due to ownership structure, request by shareholders, articles of association requirements or banking covenants.

What does a corporate accountant do? / What is included in corporate accounting?

An accountant in our corporate services department can assist with: statutory accounts audits, preparation of statutory accounts, corporation tax compliance and other matters such as assisting with filings at Companies House, advice on accounting or tax treatment.

What is the key benefit to a corporate audit?

There are many benefits to an audit of statutory accounts – compliance being key where an audit is required for one of the reasons listed above. Other benefits include: an objective insight on the company or group’s finance function, processes and controls, identifying weaknesses in these areas or susceptibility to fraud, promoting best practices within your organisation, adding credibility to your financial statements which may assist with obtaining finance from lenders or grants, peace of mind provided for shareholders outside of day to day management.

How disruptive is a corporate audit?

In order to ensure an efficient audit process, we will have a planning meeting with you to discuss the key aspects of the audit, agree a timetable and provide a deliverables list via a secure online document exchange portal, so that your team and ours are well prepared in advance. The audit team will test a sample of transactions and ask for various back-up documents for transactions and balances within the financial statements as well reviewing your systems and internal control processes. This will require time and engagement from management, however our experienced team will work with you to minimise disruption and will use various audit tools at their disposal to improve the efficiency of the process. We can also provide some flexibility around a combination of on-site presence as well as remote working to facilitate what works most efficiently.

What is included in an audit?

Each audit is tailored to that client’s needs; our quote may include accounts preparation services as well as corporation tax compliance services but could also be stand-alone audit of already prepared financial statements and tax returns if required. Our audits seek to address compliance but also add value. We’ll consider the risk areas of the individual business dependent on daily operations, group/ownership structure, sector and many other factors before tailoring our audit testing towards the relevant perceived risks. A findings report is produced alongside our audit report which may give recommendations on processes and controls, highlight errors identified and other key matters for discussion.

Can an audit save my business money?

An audit could identify control weaknesses or fraud risks which could result in potential cost savings. An audit doesn’t seek to find all instances of fraud but confirm that the accounts present a true and fair view of the business. We may also make recommendations for cost saving practices and indirectly the oversight of auditors can sharpen the eye of internal bookkeepers/accountants.

Why should I choose Lovewell Blake for audit or assurance services?

We work closely with our clients to deliver a high quality and cost-effective service which not only meets compliance requirements but also adds value, tailoring our service to meet our client’s needs. In addition, we are continuously investing in data analysis tools and audit technology to provide the best service. Lovewell Blake can provide a wide range of services across the different teams and specialisms within the firm which can harmonise services provided (accounts and tax for example).

Find your nearest office

Bankside 300
Peachman Way
Broadland Business Park

(Sat nav postcode NR7 0WF)

  • (01603) 663300 (Accountants)
  • (01603) 619620 (Financial Planning)
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First Floor Suite
2 Hillside Business Park
Bury St Edmunds
IP32 7EA

  • (01284) 337070
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Sixty Six
North Quay
Great Yarmouth
NR30 1HE

  • (01493) 335100
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The Wherry
Quay Street
IP19 8ET

  • (01986) 873163
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The Gables
Old Market Street
IP24 2EN

  • (01842) 755032
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Wide-ranging tax planning and compliance services for individuals seeking advice and guidance from our team of experienced and highly qualified professionals.

Friendly and coherent advice and guidance on accounting and tax matters for small business owners including those starting out for the first time.

Established businesses requiring accounting and tax compliance services, forward thinking tax planning advice and the support to help your business succeed.

Our full range of enhanced corporate services aimed at large companies and those requiring audit, assurance, corporate tax advisory and diverse tax planning services.



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