Many UK entities are subject to statutory audit requirements depending on their size, regulatory status and other applicable legislation. In addition, audited financial statements may be required by financial institutions, lenders and other stakeholders.

An external audit is an independent examination of an entity’s financial statements performed by an appropriately authorised and independent audit firm. The purpose of an audit is for the auditor to express an opinion on whether the financial statements present a true and fair view of the financial position and performance of the entity.
While we do not provide statutory external audit services, we assist our clients throughout the external audit process by acting as a liaison between management and the appointed independent auditors.

Our external audit support services include:

• Acting as a main point of contact for external auditors.
• Preparation of audit schedules, reconciliations and supporting documentation.
• Assistance with the preparation of annual financial statements.
• Coordination with external auditors on behalf of management.
• Responding to audit queries and information requests.
• Reviewing accounting issues and supporting technical discussions with auditors.
• Assisting management in implementing audit recommendations.
• Improving the efficiency of the year-end reporting and audit process.

Our professionals have extensive experience gained from Big Four accounting firms in the UK and UAE, including experience working on the audits of large and complex organisations. This practical experience enables us to help clients prepare effectively for external audits and facilitate a smooth audit process with their appointed auditors.