Audit

Comprehensive Financial Auditing Services

CN Chartered Accountants offer comprehensive audit services designed to provide your business with the clarity and assurance needed to thrive in today’s dynamic financial landscape.

Our audit services include both statutory and non-statutory audits, ensuring that your financial records and business performance are thoroughly reviewed and accurately represented.

Our team of experienced auditors will focus on specific risks to your business and delivery practical insights and recommendations to help strengthen your business.

We have a wealth of experience in helping SME’s and owner-managed businesses, charities and not-for-profit organisations.

If you business meets the requirements for auditing or you’d like to speak with us about an audit for your business, please get in touch with us by filling out the form on the right hand side.

We give you more through greater insight.

Your financial systems are the cornerstone of your financial information. The process can assist with increasing credit terms and giving more third parties confidence in your business and also obtaining the best finance or contracts. It can also reduce the risk of fraud and encourage a more controlled culture in the organisation.

• Audit & Assurance

• External audit

• Internal audit

• Governance, risk and compliance

IAN COWLEY

DIRECTOR – CARTRIDGE SAVE LTD

“CN have successfully developed our internal finance and reporting systems to support and facilitate our ambitious growth plans, and provide us with accurate and timely monthly financials”

Statutory Audits

Statutory audits are essential for businesses that are legally required to undergo a financial review. Our experienced audit team ensures that your financial statements comply with the latest regulatory standards, giving you confidence in your financial reporting.

We work diligently to understand your business, providing insights that go beyond compliance, helping you identify potential risks, and offering recommendations to enhance your financial processes.

Non-Statutory Audits

Non-statutory audits, while not legally mandated, are invaluable for businesses seeking an independent review of their finances. Whether you’re preparing for a potential merger, securing funding, or simply looking to optimise your financial performance, our non-statutory audits provide an in-depth analysis of your financial health.

We tailor our approach to meet your specific needs, ensuring that you receive actionable insights that support your strategic objectives.

Financial Audits Tailored to Your Business

Identify Your Risks: As your auditor, we believe staying on top of your business developments and understanding your operations is vital to giving you the best service possible. We will take a genuine interest in your business activities and utilise industry-leading research to enhance our focus on risks that are specific to your business.

Knowledge & Expertise: Our partnership approach allows us to offer clients expertise across all areas of audit. We can also offer you the benefit of specialists’ tax and account work to offer you a complete financial solution.

Technology: We use the latest technology to allow us better identify risk areas, ineffective controls and ask better questions. Our data-driven approach not only enhances the effectiveness of our audits but also provides clients with a higher level of compliance and operational effectiveness.

Minimal Disruption: Audits can be a big disruption to businesses, but we will work with you to create a timetable that suits your business needs and reduces disruption. Our team continuity helps us retain relationships and understanding of our clients which can reduce downtime before the audit process begins.

Detailed Reporting: Our auditors will provide you with a detailed reports following the audit. Our reports will include commentary, insights, implications and recommendations on how you can become more efficient and reduce risks.

If you want to talk to us contact us by filling in the form below

FAQs

What is the difference between a statutory and non-statutory audit?

A statutory audit is a financial review that is legally required for certain businesses based on factors like size, industry, or regulatory environment. Non-statutory audits are not mandated by law but are conducted voluntarily by businesses to gain an independent review of their financial status, often for internal purposes, investor confidence, or preparation for future growth.

How long does an audit typically take

The duration of an audit can vary depending on the size and complexity of your business. On average, a statutory audit might take several weeks to complete, while non-statutory audits could be shorter or longer based on the scope. We will provide a clear timeline during the audit planning stage.

Will an audit disrupt my business operations?

At CN Chartered Accountants, we strive to minimise any disruption to your daily operations. Our audit team works efficiently and communicates clearly, ensuring that the process is as smooth and unobtrusive as possible. We also schedule our work around your business needs to reduce any impact.

What information do you need from us to conduct an audit?

We will require access to your financial records, including balance sheets, income statements, cash flow statements, and any other relevant financial documents. During the initial consultation, we’ll provide a detailed list of required information to ensure a thorough audit.

Are non-statutory audits as rigorous as statutory audits?

Yes, non-statutory audits conducted by CNCA are performed with the same level of thoroughness and professional standards as statutory audits. The key difference lies in the purpose and regulatory requirements, but the quality and depth of analysis remain high.

What happens if issues are identified during the audit?

If we identify any issues or discrepancies during the audit, we will discuss them with you promptly. Our goal is not only to report these issues but also to provide recommendations on how to address them effectively, ensuring your business is on solid financial footing.

Do you offer audit services for businesses in all industries?

Yes, we have extensive experience conducting audits across a wide range of industries. Whether you’re in manufacturing, retail, finance, or any other sector, our team has the expertise to handle your audit with precision and industry-specific insights.