Statutory Audits

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 in many cases 10.2m, 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.