There’s more to an audit than just ticking boxes.
Our high-quality and efficiently tailored audit services are informed by the latest technical standards and provide a valuable resource to our clients at a time when independent challenge and scrutiny is as important as ever.
Our team of experts is passionate about providing concise and actionable feedback on your financial reporting processes.
We get to know you and your business from the commencement of our appointment, understanding what is important to you and how you can benefit from our independent assurance services.
At a time when the roles of auditors are being closely scrutinised, we are immensely proud of our record of diligence and professionalism.
Not every business requires an audit. Whether one is necessary depends on factors such as your turnover, balance sheet value and number of employees, as well as any requirements from lenders, investors or governing bodies. Check this link to see if you need an audit https://www.gov.uk/audit-exemptions-for-private-limited-companies
An audit involves an independent assessment of your financial statements and supporting records. The aim is to provide assurance that your accounts present a true and fair view while identifying any areas where processes or controls could be improved.
The timescale varies depending on the size and complexity of your organisation. We work closely with your team to plan the audit efficiently and minimise disruption to your day-to-day operations.
Yes. A well-planned audit can highlight opportunities to strengthen internal controls, improve financial processes and identify operational efficiencies, providing valuable insight beyond simply meeting statutory requirements.
Some charities are legally required to have an audit depending on their income and legal structure, while others may require an independent examination. We can help determine the most appropriate approach for your organisation.
By planning ahead, maintaining clear communication and using secure digital document sharing, we help ensure the audit process is as efficient and straightforward as possible.
Linked below are some resources to help you determine whether your business will require an audit. Feel free to contact us if you are unsure.
Private limited companies:
https://www.gov.uk/audit-exemptions-for-private-limited-companies
Charities:
When our initial accountants could not deliver the independent assessment work on the grant claims quickly enough for our requirements, we approached Randall & Payne and have received regular and timely support for our grant audits ever since. We have benefited from significant R&D support and efficient accounting services from Randall & Payne, who have been supportive, responsive and proactive as the business and technology has flourished.
This year’s audit went very well, and I am pleased to be working with Ben and the wider team. We have built a strong working relationship through our collective communication and collaboration in a short space of time.
We were impressed at the exceptionally high quality and expert approach from Randall & Payne, which enabled them to complete a significantly complex audit with great professionalism and pace. Our structure is very challenging with a number of different stakeholders involved, but the team dealt with all the issues with impressive professionalism, patience and efficiency throughout. We would be pleased to recommend the Audit & Assurance team at Randall & Payne.
Randall & Payne have been our accountants, auditors and financial advisors for well over 25 years and continue to be a trusted partner. They act quickly and efficiently, covering all aspects of the fiscal side of our business, including administering our payroll, looking after our tax affairs, year-end accounting and financial planning. As we look to the future, we are happy in the knowledge that Randall & Payne will be working with us to face the challenges ahead.
Randall & Payne LLP has provided audit and accountancy services to us for more than 12 years, and I would not hesitate in recommending the firm to others. The partners and staff are professionals to their fingertips, and the advice and support we have received has been first class. They have an interest in, and a commitment to, our organisation that is genuine and we see them, really, as a part of our team.
Randall & Payne have been the school’s auditors since the school converted to an academy in August 2011. I have been working with Randall & Payne since 2014 and they have always been very helpful, supportive and have provided the school and governing body with appropriate support and advice at a time when schools’ budgets are facing constant pressures. The team have also ensured that when the auditors are in school they “disrupt” the workings of the school in a minimal way and work in partnership with our staff.
The Partners and team at Randall & Payne simply gave us what we needed to turn our plans into reality. We are excited about the future and are already working with them on the next three-year plan.
