A statutory audit is a legally required review of the accuracy of a company’s financial statements, books and records. The purpose of a statutory audit is to determine whether an organisation is providing accurate representation of its financial position. Examination of information such as bank balances, bookkeeping records and financial transactions should be undertaken by professional and registered persons.
Most organisations are required to have at least one annual financial statement to record their activities, which will provide a reasonable level of assurance to the users of accounts. Other reporting may also be required to satisfy the needs of other interested parties. The Accounting team Statutory Audit Services assist you in meeting regulatory requirements for your particular organisation.
Private or personal liability companies that are not required to have their financial statements audited may choose to voluntarily file their audited statements with their annual returns. The company must file a financial accountability supplement with their annual return if they choose not to file a full set of financial statements.
The Accounting Team’s expertise includes financial reporting with full statutory compliance ensuring that your financials are fully compliant with the laws of the land and ensuring that your organisation is meeting all its statutory obligations.