ICAEW ASSURANCE SERVICE

Until recently, most limited companies had to choose between a full voluntary statutory audit and a “compilation”. The accountants report on the latter, which applies to the vast majority of small companies, merely states that we have assisted the directors in preparing the accounts, but that we express no opinion or conclusion on them. While we believe that this at least indicates professional involvement in the preparation, it does not usually reflect the work that we have put into the assignment.

A full audit opinion, whether a legal requirement or on a voluntary basis, is much more positive of course and undoubtedly has its place in the range of services that we offer. However audits are quite a burden on management and cost substantially more than a compilation.

The new ASSURANCE SERVICE provides a third alternative, giving a much more positive option than a compilation, enabling you to present your accounts with greater credibility to third parties. It is less obtrusive and less costly than a full audit. We believe that a significant number of our clients would benefit from this service and we would be delighted to explore it more fully with you.

Please call us to find out more. You may also find the following links useful:

Link to ICAEW Assurance Service web pages