“Even though the current audit threshold is set at a turnover of £5.6 million per annum, many of our clients that have a turnover less than this threshold request audits.”

They see that it can provide them with benefits above and beyond the statutory requirements.

An audit offers a much broader view of a business, its systems and its operations and provides a greater insight into its efficiency or indeed lack of efficiency. In this regard an audit can be the catalyst which poses difficult questions which Harris can help you answer.

Moreover, many lending institutions perceive audited accounts as a much more robust representation of a company’s affairs on which greater reliance can be placed, particularly for the purposes of lending money.