Audit and Assurance

Audit is more than just compliance – we work with you to identify system weaknesses, suggest efficiency improvements and opportunities to add value to your organisation. Our approach focuses on the industry-sector your business operates in and it focuses on current and future financial, regulatory and operational risks.

We offer clients a strong working relationship, through dedicated partner-led teams who often return year after year and build an in-depth understanding of your business (or not for profit organisation). We provide statutory and non-statutory audit services, on accounts and grant certificates, to a wide variety of clients.

 

Audit Process

Our approach, in summary, is to:

  • Understand your business
  • Analyse and plan for areas of specific investigation
  • Assess risks
  • Schedule appropriate testing (mostly at your premises)
  • Conclude with a close-down meeting to discuss the accounts and the results
  • Report our recommendations and opinion to your management and board

Why choose us?

  • Dedicated partner-led team
  • High level of staff retention, enabling us to staff audits with the same individuals year on year
  • Knowledge of key legislative challenges and regulatory updates within your industry
  • Provide a full report with practical recommendations for future improvements
  • Experience in a range of business sectors

 

Download our Audit leaflet below, to discover more about our range of services

 

 

 

Registered to carry on audit work in the UK by the Institute of Chartered Accountants in England & Wales. Details about our audit registration can be viewed at www.auditregister.org.uk under reference number C005774536.

Client Review

Project Manager of an Environmental Corporate Charity
For the past 3 years we have has our accounts independently examined, and recently audited, by Whiting & Partners. We have found them to be thoroughly professional in all the financial matters associated with our charity. Their understanding of both company and charity regulations is beyond any form of reproach. The report to out Board of Directors is always very clear and the understanding of getting reports to the Charity Commissioners and Companies House is always first class. We would not dream of looking elsewhere for our accounts to be audited. They are part of a winning team, for which our Board of Directors are very grateful.



 
Latest Blogs in Audit and Assurance
 
Ernesta Petkeviciute
29th June 2020 Guidance on pension scheme financial reports and audit featuring Covid-19

A joint guidance has been published by ICAS, ICAEW and PRAG on pension scheme financial reports and audit, with a large focus on Covid-19 matters.   The impact of Covid-19 pandemic on the control environment of pension schemes is explored, to help auditors navigate the additional challenges they are likely to experience and help them…

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Jaimie King
14th April 2020 Covid-19 and stock-take attendance

Companies that require their accounts to be audited, and hold significant levels of stock at their year-end, expect a visit from their auditors annually to perform test counts of their stock.   However, during the current lockdown, auditors are considering other ways to gain the assurance they need over the stock levels held. Some suggestions…

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Jaimie King
13th August 2019 Charity accounts assurance

Whether unincorporated, a charitable company or a CIO (charitable incorporated organisation), charities are required to have certain levels of assurance over their financial statements depending on their size. The limits are much smaller than companies, meaning that many charities require some sort of external scrutiny. The requirements by size are as follows: Income up to…

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Jaimie King
7th June 2019 Digitalising stocktaking

As the world becomes more digital, it leaves us wondering where further efficiencies could be achieved through switching to more high-tech methods. One possible area for auditors is stocktaking. For an audited entity with significant levels of stock at the year end, it is likely the auditor will want to perform test counts of the…

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Jonathan Moore
6th June 2019 Don’t take record keeping for granted

It is common for entities who undertake research and development to receive grant funding for projects that they undertake. Grants will often be paid on the basis of expenditure incurred or a proportion thereon and may be awarded with certain conditions attached.   One such condition for grants above a certain level will be the…

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Daniel Christopher
29th October 2018 Great audit expectations

No audit sets out to conclude with total confidence that a set of financial statements are 100% free from any misstatement. To do so would belie the technological reality and scale of modern business; auditors would likely become a permanent fixture at client premises to review every single business transaction and audit would become an…

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Daniel Christopher
23rd October 2018 A(i) for audit?

Technological advances in the ways that data is captured, processed, stored and communicated continually change the ways in which we do business. In the context of auditing, data analytics concerns the process of extracting, transforming, validating and analysing large volumes of data to make judgements and form conclusions. The way we approach auditing must change…

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Paul Tatum
5th December 2017 Charity Accounts: New Independent Examination Rules

  For many years now, many mid-sized UK charities have been required to subject their annual statutory accounts to independent examination. For such charities, with income within the range of £25,000 to £1m and gross assets of less than £3.26m, an independent examination is a lighter touch of independent scrutiny than a full audit. As…

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Jaimie King
20th June 2017 Brexit: The end of UK audits?

Audit thresholds are linked to the small company limits, which are currently set by the EU. The UK can choose to impose a lower threshold than the small company limits, but not a higher one. As a result of Brexit, power will return to the UK, and as a result the cap on audit thresholds…

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Richard Meadows
1st November 2016 Client Money

Solicitors: New rules for handling client money. The consultation period has now closed on the proposed new rules for how solicitors handle their client money: Proposed Draft Solicitors Accounts Rules

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