Audited Entities

Efficient audits to give you financial clarity

Audits are primarily viewed as compliance measures that must be conducted on an annual basis to check that everything is working as it should.

For entities that face an audit, the process can represent a way to become more efficient and lay the foundations for sustainable growth.

A good audit should do more than satisfy a statutory requirement. It should give management useful insight into the financial reporting and control environment of the organisation.

Our team will tell you exactly how your business is currently operating, finding any cracks in your processes and giving you the insights to help you remain in business for years to come.

Get in touch for the pragmatic approach to audits your entity needs.

Discovering the benefits of an audit

There are a range of factors that determine whether an entity must submit to a statutory audit, but the most common reason is when any two of the following apply (for two consecutive years):

  • An annual turnover of more than £15 million
  • Assets worth more than £7.5 million
  • 50 or more employees on average

Businesses approaching the thresholds may also benefit from discussing whether an audit would provide additional assurance or insight.

While the most obvious reason for doing this will be to get familiar with the system, audits should also be seen as a way to take control over your entity’s future.

An audit can help identify the structural weaknesses that run through your finances, alerting you to problems while they are still manageable before they threaten the future of your business.

A better way to do an audit

Businesses can find the audit process frustrating if they are used to audits being slow or disruptive. There are ways to make an audit truly beneficial and this begins with having a strong approach to getting ready for the event itself.

Having someone in your organisation able to act as a point of contact for the auditor ensures that communications can be streamlined and handled by the fewest number of people so that the entire team does not get distracted by the process.

Agreeing the information and documentation required with your audit team in advance can help prevent delays and bottlenecks.

Making the most of your audit report once issued allows you to be confident that the same problems will not come back, year after year.

Each audit gives you a chance to take your operation in a stronger direction and the more detailed and honest report you have, the better this process will be.

SGD: Your audit partner

Rather than just helping businesses, we work with a range of different entities who may all require a slightly different approach.

We audit:

  • Companies
  • Groups
  • Foreign subsidiaries
  • Charities
  • Solicitors

Each entity we work with benefits from our meticulous approach as our experts work to get into the granular detail of your financial situation.

We take a thorough and risk-focused approach so that you walk away with an audit report that is of genuine use to the future of your operations.

As we are independent, our audits are conducted with the sole focus of giving you the information you need to iron out issues and make better financial decisions.
If you want an audit that works for your entity, speak to our team today. 

Meet the Experts

Demsey Slater

Audit & Accounts Director

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Matt Stambach

Private Client Tax Director

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Martin Chapman

Tax Director

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Debra Knighton

Director

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Gareth Jackett

Personal Tax Manager

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Testimonials

We have been with SGD for just over 10 years professionally and over 30 years as a family. These stats alone should speak volumes. We continue to experience a level of service and professionalism usually only associated with far larger Firms. With SGD, customers retain their name and do not merely become an account number that gets lost between the cracks – as happens with so many other Accountancy Firms. SGD retains talent which gives total peace of mind as a customer; SGD has expertise in everything you need. We would highly recommend them.

Paul Humphreys

We have worked with Spencer Gardner Dickins for many years, and our experience has been consistently excellent. The team is highly professional, reliable and responsive, while always maintaining a genuinely personal and appreciative approach. Their advice is pragmatic, well considered and delivered with a clear understanding of our business.

We greatly value the long-standing relationship and would have no hesitation in recommending Spencer Gardner Dickins.

Cornelius

SGD have been fantastic at advising our business through a phase of rapid growth. Demsey, Charles, Becky and the rest of the team have been supportive, responsive and diligent. We would not hesitate to recommend.

Kieran Shipley

I’ve been using Spencer Gardner Dickins for the past 13 years and have always been extremely pleased with the service they’ve provided. The team is professional, knowledgeable, and highly responsive, giving me complete confidence that my accounts and tax affairs are in safe hands. They have continually delivered an excellent level of service and have built a relationship based on trust and reliability.

Elizabeth Nixon

My organisation has been connected with SGD for well over a decade. Their service has always been of the highest quality and professionalism. I thoroughly recommend their services to any other businesses looking for an accountancy firm to act for them. Thank you!

Brian Trott

Would highly recommend, the advice and support navigating complex systems has made this process much easier. Thank you to Ryan for your quick responses and patience.

Harmony

SGD have really helped with consolidating my finances, highly recommend to anyone self employed looking to offload that added stress that comes with it.

Sean Paton

Been a client of theirs for a few years now and the service has always been great. Would definitely recommend.

Joe Johnson

I have been a client of Spencer Gardner Dickins for nearly 20 years, and they have consistently delivered a first-class service. Their team is professional, highly reliable, and always proactive. If you are looking for accountants you can trust for the long term, I cannot recommend them highly

commnetuk Limited

Very customer-focused, and prioritise rapport and relationship over anything.

Martin Cadwallader

SGD have looked after our family and our various businesses for years. I don’t know what we would do without their professionalism or their kindness

Kate Bates

Very prompt and extremely helpful in all dealings

Barbara Creighton-Thomas

Speak to our team to discover a new way of handling your finances.