Accounting and audit
Our accounting and audit approach enables businesses to comply with their statutory requirements in a smooth and efficient way.
Every business is required to keep proper records. We can help set up the right system to enable you to keep financial records of your business that give you accurate and useful management information. They also enable your statutory accounts to be produced in a timely and cost-effective way.
The right system will vary, according to the needs of your business, from a simple spreadsheet to a fully integrated off-the-peg software package. Since the introduction of HMRC's Making Tax Digital, having digital records have obviously become best practice. The Shipleys' team are masters of many accounting software products - including Xero, Quickbooks and SAGE.
We can assist you in the preparation of your financial statements to comply with specific legal requirements applicable to your industry or sector.
We have a long track-record of auditing financial statements to comply with the Companies Act, Charities Act and requirements of regulatory bodies such as the Financial Conduct Authority and Law Society.
We also support clients where constitutional documents or stakeholders may also require an audit to be performed, as may third parties such as potential providers of finance. In addition, we audit a number of pension schemes with over £600 million in assets and more than 10,000 members.
Our aim is to provide a thorough and efficient audit service, and the satisfaction and loyalty of our clients stands as testament to this. We are registered with the Institute of Chartered Accountants in England and Wales and also licensed to undertake statutory and FCA audits.
Shipleys’ audit approach is risk-based and designed to ensure a smooth but robust process from planning to completion.
We like to ensure the audits are completed in a time-frame which fits with your schedule and keeps you updated at every step of the way.
Synergy, continuity and proactive recommendations
We pride ourselves on staff continuity that enables us to forge positive and long-standing relationships with our clients.
Our team will work closely with you, applying a detailed working knowledge coupled with a pragmatic and commercial approach. By having a dedicated team of people who invest time to understand your business, we can ensure that we are always on-hand to answer your crucial questions at the point when it is needed.
In addition to fulfilling your statutory obligations, we will also work with you to ensure the audit is structured so you also gain proactive recommendations. These will draw on our extensive knowledge of your sector(s).
While the senior personnel involved in the audit remain consistent, we will aim to provide continuity with the teams where possible. For example, the more junior staff member one year usually becomes the senior staff member the following year. This will help to quickly strengthen our understanding of the company, fund and your systems and processes.
Can we help?
If we can help you with your accounting and audit obligations, please contact one of our specialist team shown on this page for an initial chat.
Specific advice should be obtained before taking action, or refraining from taking action, on any of the subjects covered above.