Statutory audit

Audit and advisory

Under Irish and UK GAAP law, your business may be legally required to commission a statutory audit. What you may not realise is that when you invest in tailored audit services for your business from experienced and insightful advisors, they can bring unexpected and long-term benefits.

We take the time to get to know your business, questioning and analysing the results of your statutory audit with our imaginative and insightful approach. Our enthusiastic audit team will be able to apply our rigorous approach and in-depth knowledge to your circumstances. Our approach to tailored audit services means we are able to produce quality audits, and this is one of the many reasons why we are considered to be one of the leading accountancy firms in Ireland.

Some of the key characteristics of our statutory audit services include:

Thoroughly understanding your business
Rigorous internal quality assurance procedures
Outstanding technical and marketplace knowledge

We believe that a statutory audit should be worth the money you pay for it, and our approach is aimed at delivering this promise.

Committed to our audit clients

Because of frequent regulation reform, the audit marketplace is continuously shifting, which is why our statutory audit services are here to assist you, without the changes disrupting your business.

Alongside the compliance work involved in a statutory audit, we can take a more in-depth look at our results and offer new solutions to existing problems and help identify issues you may face in the future.

We are committed to serving your business as you require, as well as surveying your business and the business community at large in order to create a comprehensive service.

Our tailored audit approach

Our statutory audit approach is founded on detailed risk assessments and corroborated by analytical reviews which involve understanding the fundamentals of your business. We put robust and considered planning at the centre of our process, which involves you at all stages.

Before we begin auditing, we will assess the size and complexity of your business. The statutory audit of an owner-managed business is likely to focus on the risks associated with size and evolving management structures rather than complex accounting issues. The audit of a large listed entity is likely to focus on areas of risk arising from diversity in operations and complex transactions, which raise more intricate accounting issues.

But with our tailored audit services approach we will be able to assess each business independently and create a bespoke plan that’s suited to your individual needs.

The necessity of a statutory audit

Whilst it’s true not all businesses legally require an audit, it might be prudent for your business to undertake one. If you are a growing business, or are considering a sale or flotation, an audit could help you ensure everything is in place to make your business a more appealing proposition for investors.

In addition to our statutory audit services, you can contact us about other forms of assurance, including a non-statutory audit, which can help reassure stakeholders that your business is performing, that risks are being mitigated and that you’re complying with legislation.