At Elsby, we understand that businesses need to remain strong and compliant in order to thrive. That’s why our audit services are designed to help businesses achieve these goals. Our risk-focused approach integrates rigorous risk assessments with diagnostic processes and audit testing procedures that are tailored to your specific needs. This quality-led approach means that we provide an intelligent, constructive, and challenging audit that helps you identify areas where you can improve.
Our core auditing services include:
- Statutory audits
- Due diligence
- Benchmarking in your sector
- Minimising fraud exposure
- Charity specialist audits
Our audit services are designed to be more than just a compliance exercise. We believe that the audit process can be an opportunity for businesses to thrive. By working with our team of experts, you can gain valuable insights into your business operations and identify areas where you can improve efficiency, reduce costs, and increase profitability. We are committed to helping you achieve your business goals and supporting you throughout the entire audit process.
At Elsby, our team of professionals is dedicated to providing high-quality audit services that are tailored to your specific needs. We believe in building strong relationships with our clients and working together to achieve their goals.
Contact us today to learn more about how we can help your business remain strong and compliant through our robust, intelligent audit services.
Now you know what we can do, let’s start at the beginning – When does a company need to have an audit?
First of all, you need to know if you qualify for an audit in the first place.
Private Limited Companies – Your company will need an audit if it meets two out of three thresholds for two consecutive years:
- You have a turnover of more than £10.2 million.
- You have gross assets worth more than £5.1 million.
- You have more than 50 employees.
If your company is a subsidiary company, it may require an audit even if it does not meet the thresholds depending on group circumstances.
Charities – Your charity will need an audit if it meets one of the following in any year:
- You have an income of more than £1 million.
- You have gross assets of more than £3.26 million, and a turnover of £250,000 or more.
Value Added Service
At Elsby, we understand the importance of a trusted and reliable audit service to protect and encourage the growth of your business. Whether you report under UK GAAP or IFRS, our team of experts is here to provide you with a comprehensive audit that goes beyond just a formality.
We believe that the most crucial decisions are the ones that our clients have yet to make. That’s why we aim to provide our clients with a robust challenge, at the right time, and with proper planning and execution. Our highest priority is to maintain the highest level of quality in our work, supporting our audit opinion and providing our clients with complete satisfaction.
In today’s market, it’s more important than ever to have a trustworthy and dependable audit service. So, if you’re looking for an audit service that you can rely on, look no further than Elsby. We’re here to help you protect and grow your business.
At the heart of our audit approach is a commitment to being supportive and proactive. We understand that audits can be stressful and time-consuming, so we want to help you through the process every step of the way. Our team of experienced auditors will work closely with you to identify any potential issues or areas of concern, and we’ll provide you with practical advice and guidance to help you address them.
How do we work?
It’s fair to say that most business owners see the audit as an essential evil to satisfy the requirements of stakeholders. Whatever your thoughts on the matter, audit quality has never been so hotly debated. With the Financial Reporting Council recently stating that a third of British company audits needed improvements, have you reviewed the service you’re getting?
Choosing Elsby for your audit means having a dedicated team with significant financial and commercial knowledge. We customise our approach to focus on the matters specific to your business, resolving issues not just on audit completion when it’s too late, but throughout the year as and when they emerge.
Elsby are registered to carry on audit work in the UK & Ireland by the Institute of Chartered Accountants in England & Wales. Elsby and Co is a trading name of Elsby & Co (Sywell) Ltd, registered in England no. 05377378. Director Carl Elsby (ACA).
