Audit and Assurance
Our Audit and Assurance services give confidence by adding rigour and improving transparency.
Financial statements provide valuable insight into a business for stakeholders. An audited set of financial statements gives stakeholders confidence and transparency over their contents, making them a far more valuable product.
Having a highly skilled, independent professional use their judgement and knowledge to form an expert view on your financial statements adds rigour, which is recognised by stakeholders. This is true for Assurance engagements.
What is Audit and Assurance?
At SMH Group we see audit and assurance as more than a compliance process; it’s an opportunity for you to get value from having an independent expert scrutinise your financial reporting process.
Whilst every audit aims to minimise the regulatory and financial risks you face, our team ensures this by tailoring our approach to your business – identifying your business risks and understanding your business controls.
A strong control environment is a bedrock for growth. As independent experts, we provide unfiltered feedback on your risk and control environment, helping you meet your business goals and operate in the most efficient way.
Why choose SMH Group?
Our client-centric approach means we tailor the audit to your business, sector and goals – delivering practical insights you can act on. Our team is approachable, experienced, and genuinely invested in helping you strengthen your business processes and achieve your wider goals.
We are proactive in how we work – managing the audit timeline to meet your deadlines, sharing regular progress updates with you, and ensuring you are up to date on important accounting updates in your sector throughout the year. We want to build a relationship with you that lasts beyond the audit cycle.
As a valued client of SMH Group, you will also benefit from access to a wider range of services to support you through every stage of your financial journey. We are here to give you the confidence to grow and share your future.
What are the benefits of Audit and Assurance services?
A high-quality audit will assist with:
Regulatory compliance: many businesses are required by law or regulation to undergo an annual audit or other assurance engagement.
Risk management: assurance engagements help businesses identify and mitigate risks related to financial reporting, internal controls, and business operations.
Operational efficiency: an independent review of a company’s processes and controls can identify areas for improvement and increase operational efficiency.
How we can help
Understanding your business and its sector is critical to you getting the most out of an audit and assurance engagement. We work with manufacturers, retailers, house builders, charities, solicitors, estate agents and many other businesses and organisations. Our expertise is in a variety of structures:
- Limited Companies
- Group entities
- Charities (audit and independent examination)
- Other not-for-profit entities (community benefit societies, housing associations)
- Solicitors (SRA) audits
- Grant audits
Our Audit and Assurance services give confidence in the accuracy and reliability of your financial information, provide transparency and help to ensure your business is well-positioned for success.
Contact the SMH Audit & Assurance team on info@smh.group or 01142 664 432 to learn more about our Audit and Assurance services and how we can help you.
Our Audit & Assurance Services
UK Group Audit
A UK Group Audit is no different to a UK Limited Company audit – it is a vital part of building trust, improving transparency, and meeting your compliance responsibilities under the Companies Act 2006.
UK Subsidiary Audit
If your UK-based company is part of a wider international group, you may be required to undergo a statutory audit. A UK Subsidiary Audit ensures compliance with UK regulatory requirements while aligning with global financial reporting obligations.
UK Limited Company Audit
A UK Limited Company Audit is more than a legal obligation. It’s a vital part of building trust, improving transparency, and meeting your compliance responsibilities under the Companies Act 2006.
Charity Audit
Transparency and accuracy of charity financial statements is critical for maintaining public trust in the charity sector. As a result, the threshold at which a charity requires an audit is significantly lower for charities than it is companies.
Charity Independent Examination
Transparency and accuracy of charity financial statements is critical for maintaining public trust in the charity sector. As a result, even when a charity does not require a statutory audit, it may still be required to have an Independent Examination.
Solicitors (SRA) Audits
An SRA audit provides independent assurance that your firm is managing client funds properly and meeting all regulatory obligations.
Assurance Reports
An assurance report offers external verification of financial information for organisations that do not meet the audit threshold but still require added credibility.
Grant Audit
Grant audits are a critical part of a funding process. They provide assurance to funders that grant funds have been used appropriately and in accordance with the conditions set out in the funding agreement.
