Audit &
Assurance

Producing audited accounts will be a statutory requirement in the majority of cases, but they are fundamental in engendering confidence amongst external stakeholders such as banks and regulators, as well as shareholders, members, and other users. A degree of client engagement will always be necessary to conduct a quality audit, but we aim to conduct our audits in the most efficient way possible, so that your staff are not constantly tied up in the process. 

Although of prime importance, an audit need not be confined to whether the accounts present a “true and fair” view, but can also help provide Directors with assessments in areas that are relevant to their understanding of the Accounts. We will always aim to provide recommendations to help reduce risk to your organisation, whether it be within internal processes and systems, or in the general ecosystem of the sector you in. 

We currently audit trading companies, entities holding client monies, and charitable companies. If you have a legal practice that holds client money and are regulated by the SRA, then you are required to have an Accountant’s Report (AR1) completed annually by an auditor. If you operate a small charity, an independent examination (instead of an audit) may still be required. 

External bodies, for whom we have provided non-audit, assurance exercises in the past, include:

  • Care Quality Commission
  • Charity Commission
  • Greater Manchester Centre for Voluntary Organisation
  • Technology Strategy Board

Ipsum Accountants Ltd are chartered certified accountants and registered auditors, regulated by the ACCA, under practising certificate number 21565218.