Audits

Audits are a serious business - but luckily fb is here to help.

An audit is essentially a detailed review of your company's accounts, as well as the processes and systems in place.

So why undergo an audit? An audit can help reduce fraud and a clean audit report can help make your company more attractive to potential buyers or investors.

However, for some companies it is a legal requirement. You will need to undertake a statutory audit if your business fulfils certain criteria including:

• Your turnover is more than £6.5million a year or your gross assets exceed £3.26 million;
• Your business falls within the financial or insurance industries;
• Your trade organisation requires your accounts to be audited.

But don't worry, at fb we can advise you on when - and if - you need to be audited. And, if you do need an audit, we can help to make it a stress-free, painless experience.