Chris Skarparis & Co is authorised to conduct audits by the Institute of Chartered Accountants in England & Wales [ICAEW]. We can offer an audit which will be supervised by a Chartered Accountant with over 25 years of audit experience, which will be conducted to the high standard required by the ICAEW – and at a competitive price.
In addition to preparing accounts for some large limited companies, depending on their turnover, gross assets and number of employees, an audit is a legal requirement. Audits are also necessary, irrespective of turnover or assets for certain other types of business, including solicitors, some charities, estate agents and travel agents. Other companies choose to have an audit, to demonstrate the reliability of financial information to potential investors or in order to raise finance.
The purpose of an audit is to allow the auditor to form an opinion on whether a company`s accounts give a true and fair view of the financial performance and position of the company and whether the accounts comply with law. The auditor prepares a report to the shareholders stating whether in their opinion the accounts do give a true and fair view. The audit process involves a thorough assessment of the accounts based on a critical review and testing of accounting records and internal control systems. This process may take several days to complete.
Law Society Audits
We are experienced in conducting Law Society audits, satisfying the reporting requirements of the SRA Accounts Rules regarding the custody of client and controlled trust money.
Also, at Chris Skarparis & Co, we have substantial experience in computerised accounting systems for solicitors. We can provide firms of solicitors with a comprehensive service combining the accounts preparation for the practice with the Law Society audit at competitive rates.