Audit and Assurance Services
Having confidence in your financial information is important, whether you’re meeting regulatory requirements, reporting to stakeholders or planning for the future.
At SMH Group, our audit and assurance services help businesses and organisations meet their reporting responsibilities, identify potential risks and gain a clearer understanding of their financial position.
Our experienced auditors provide independent, professional support, reviewing financial information and internal controls to help you understand where improvements may be needed.
Whether you need a statutory audit, an independent financial review or other assurance services, we’ll guide you through the process and explain what to expect at each stage.
What is included in SMH Audit & 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.
What are the benefits of Audit & Assurance services?
Professional audit and assurance services can give you greater confidence in your financial reporting and help you identify opportunities to strengthen your organisation’s processes.
Key benefits include:
Regulatory Compliance: If your organisation is required to have an audit, independent audit services can help you meet your statutory and regulatory reporting obligations.
Financial Transparency: Independent assurance can give shareholders, investors, lenders and other stakeholders greater confidence in your financial information.
Risk Management: An audit or assurance review can highlight potential financial reporting risks and weaknesses in internal controls, helping you understand where improvements may be needed.
Operational Efficiency: Reviewing your financial processes and controls can help identify opportunities to improve internal procedures and make the way your organisation operates more efficient.
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. Get in touch to learn how we can support your Assurance and Audit service needs, or book a free consultation below.
What Is the Difference Between Audit and Assurance Services?
Audit and assurance services are closely related, but they serve different purposes. Understanding the difference can help you decide which type of review your organisation needs.
Audit Services: A financial statement audit involves an independent examination of your organisation’s financial statements. Its purpose is to provide reasonable assurance that the information is free from material misstatement. Depending on your organisation’s size, structure and regulatory responsibilities, a statutory audit may be required.
Assurance Services: Assurance engagements provide independent confidence in specific financial information, reporting processes or other areas of your organisation. They can offer different levels of assurance depending on what’s being reviewed and may be suitable if you don’t require a full statutory audit.
At SMH Group, we provide both statutory audit services and assurance reports, helping you choose the right level of independent review for your organisation.
Who Do Our Audit and Assurance Services Support?
At SMH Group, we provide audit and assurance services to businesses and organisations across a wide range of sectors, including manufacturing, retail, construction, professional services and the charity sector.
Our experienced team supports:
- Limited companies: Statutory audit services to support financial reporting and regulatory compliance.
- Group companies: Audit services for businesses operating within UK or international group structures.
- Charities: Independent examinations and charity audits to support financial transparency and reporting requirements.
- Not-for-profit organisations: Assurance services tailored to the reporting needs of community benefit societies, housing associations and other organisations.
- Solicitors: Specialist audits to assess compliance with relevant Solicitors Regulation Authority requirements.
- Grant-funded organisations: Grant audits and assurance engagements to demonstrate appropriate use of funding.
We tailor our approach to each organisation, providing independent financial scrutiny and practical recommendations suited to its requirements.
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.
