Fawcetts are registered auditors under the Companies Act and have a large and highly experienced audit team able to deal with large companies and specialist audits for charities and independent schools.
In order to obtain and retain this registration, we have to demonstrate our ongoing commitment to exacting quality and technical standards. The audits we prepare adhere to all professional standards issued by the Auditing Standards Board, the Financial Reporting Council and the Institute of Chartered Accountants in England and Wales and as part of our membership of the UK200Group we have annual independent file reviews, assuring a further check for meeting quality standards.
Currently the turnover threshold for companies requiring a statutory audit is £5.6m, however some companies whose turnover is under the statutory threshold require an audit to help them comply with tax or banking obligations, or simply to act as a financial health check and flag up any potential issues or areas for improvement.
Our audits fulfil all professional guidelines and are undertaken in a thorough but discreet manner.
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Former Conservative Treasury Minister, Lord Jim O’Neil has told the BBC that gloomy predictions for the post-Brexit UK economy are likely to be ‘dwarfed’ by global growth figures surpassing expectations.
He said: “I certainly wouldn’t have thought the UK economy would be as robust as it currently seems.
“That is because some parts of the country, led by the North West, are actually doing way better than people seem to realise or appreciate.
“As well as this crucial fact, the rest of the world is also doing way better than many people would have thought a year ago, so it makes it easier for the UK.”
Meanwhile, speaking at the World Economic Forum in Davos, Stephen Schwarzman, CEO of Blackstone Group, said: “It’s a time of enormous ebullience, part of which was created by really good economic growth.”
However, also at Davos, Barclays CEO, Jes Staley warned against excessive optimism about the state of the global economy.
He said: “Equity markets are at an all-time high and volatility is at an all-time low – that is not a sustainable proposition”.