Please don’t hesitate to get in contact with us, we will respond to your enquiry as soon as possible.
The benefits of our service extend beyond a signature on the audit report. We will carry out a robust audit focusing on key issues, and we will provide a high quality report to trustees and management covering potential internal control improvements and efficiency gains. This report will also cover forthcoming challenges which will affect you as well as offering an insight into how our other charities’ experiences may be relevant to your own circumstances.
An Independent Examination is required for most charities who fall below the audit threshold – broadly income of £500,000. In an audit report we state a positive opinion that in our opinion the accounts show a true and fair view. An Independent Examination has a more negative opinion.
The work carried out for an Independent Examination is less than an audit. The work is largely based on review of the figures and agreeing key balance sheet balances such as the bank balance. In a audit we will select sample transactions and agree these to supporting documentation.
Consequently the Independent Examiation is cheaper than an audit and may be seen as sufficient by the trustees.
We are able to undertake both forms of the report and if relevant would discuss the pros and cons of each with you.