Statutory Audit Services Delivered With Rigour and Minimal Disruption
A statutory audit is more than a compliance exercise. Done well, it strengthens your financial reporting and gives stakeholders genuine confidence. ABM Chartered Accountants delivers efficient, thorough statutory audits that meet every legal requirement while keeping disruption to your business to a minimum.
Independent Audit From Registered Chartered Accountants
A statutory audit is an independent examination of your company’s financial statements, required under the Companies Act 2006 for companies that exceed the size thresholds. The audit confirms whether your accounts present a true and fair view and comply with the relevant financial reporting framework. ABM Chartered Accountants is registered to conduct statutory audits.
Our ICAEW and ACCA qualified audit team plans each engagement to suit your business, tests your financial controls, examines your transactions and balances, and issues an auditor’s report that meets the standards your shareholders, lenders, and regulators expect. We deliver quality without unnecessary disruption to your operations.
What Our Statutory Audit Service Covers
From planning the audit to issuing the report, here is how ABM Chartered Accountants delivers a statutory audit that is thorough, efficient, and fully compliant.
Financial Statement Audit
Examining your financial statements to confirm they give a true and fair view of your position.
Compliance Testing
Verifying that your accounts comply with UK GAAP, FRS 102, and the Companies Act 2006 requirements.
Internal Controls Review
Assessing your financial controls and processes to identify weaknesses and recommend improvements.
Auditor's Report
Issuing an independent auditor's report that gives shareholders and stakeholders confidence.
Group Audit
Coordinating the audit of parent and subsidiary companies with consistent quality across the group.
Audit Planning
Designing an efficient audit approach that minimises disruption to your team and meets deadlines.
Confidence in Your Accounts for Everyone Who Relies on Them
Your shareholders need assurance that the accounts are accurate. Your bank needs confidence in your reported position. Your board needs to know the financial statements can be relied on for decision-making. A well-conducted statutory audit provides that assurance. ABM Chartered Accountants delivers it with the independence, rigour, and professionalism your stakeholders expect.
A good audit also adds practical value. We identify control weaknesses, highlight accounting risks, and provide a management letter with recommendations that help you strengthen your financial processes. The audit becomes more than a requirement. It becomes a tool for improving how your finance function operates.
Statutory Audit for Companies Right Across the UK
Based in Canary Wharf, London, ABM Chartered Accountants conducts statutory audits for companies throughout the UK. We plan around your timetable and deliver our findings on schedule.
Statutory Audit Across Every Business Sector
We conduct statutory audits for companies in professional services, construction, property, retail, technology, manufacturing, healthcare, and hospitality. Each sector has its own reporting requirements, and our audit team understands them.
Why Companies Choose ABM Chartered Accountants for Audit
Registered Statutory Auditors
ICAEW and ACCA qualified and registered to audit.
Efficient and Thorough
Well-planned audits that minimise disruption to your team.
Practical Recommendations
Management letter with improvements you can act on.
How We Work
Initial Consultation
Set Up and Onboard
Ongoing Support
We provide regular reviews and proactive advice to keep your finances optimised and HMRC-compliant.
Get in Touch Today
Whether you need help with your tax return, payroll, VAT, or business advisory, our qualified UK accountants are ready to provide clear, practical guidance for your specific needs.
Book a Consultation
Fill in the form below and one of our expert accountants will contact you promptly to discuss your accounting and tax requirements.
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Frequently Asked Questions
Here are answers to the statutory audit questions we hear most often. Contact our team for tailored guidance.
Does my company need a statutory audit?
Your company needs a statutory audit if it exceeds two of the three size thresholds for two consecutive years. From April 2025, the small company thresholds are 15 million pounds turnover, 7.5 million pounds balance sheet total, and 50 employees. Companies below these limits may qualify for audit exemption.
What are the new audit thresholds from April 2025?
The small company thresholds increased from 6 April 2025. Turnover rose from 10.2 million to 15 million pounds, and the balance sheet total rose from 5.1 million to 7.5 million pounds. The employee threshold remains at 50. A company must exceed two of these three for two consecutive years.
What does the audit process involve?
The audit involves planning, testing your internal controls, examining transactions and account balances, reviewing accounting policies, and issuing an auditor’s report. ABM Chartered Accountants works with your finance team to gather evidence efficiently and delivers findings within the agreed timetable.
What is an auditor's report?
The auditor’s report is the formal opinion issued at the end of the audit. It states whether the financial statements give a true and fair view and comply with the Companies Act 2006. The report is included with the filed accounts at Companies House.
Can I choose to have an audit voluntarily?
Yes. Even if your company qualifies for audit exemption, you can choose to have a voluntary audit. This is common where lenders, investors, or shareholders require independent assurance, or where a company wants to strengthen its financial controls and reporting credibility.
How much does a statutory audit cost?
Fees depend on the size and complexity of your company, the quality of your records, and whether you are part of a group. We provide a clear, fixed-fee quote before the engagement begins. Contact ABM Chartered Accountants for a proposal.