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Clear & Lane Chartered Accountants & Business Advisors
Clear & Lane Financial Services Limited

Full Audit Service

Where a company’s turnover is greater than £5.6m, an annual audit of the company’s accounts will be required in every case.

However, this is not the only criterion and it is the directors’ responsibility to seek appropriate advice. Circumstances where an audit will be required may include:

  • where the company’s gross assets exceed £2.8m
  • where the shareholders demand it
  • financial services companies
  • companies which are registered charities

Even though an audit is not required by law, many companies opt to have their accounts audited, either for their own peace of mind or as a requirement of their financiers.

As registered auditors, we have substantial experience not only in the audit of private limited companies but also other regulated bodies including professional partnerships and charities.

The audit, be it statutory (for limited companies) or voluntary, provides an excellent opportunity to review the development of your business and identify potential weaknesses in your financial management, reporting systems, internal controls or any other areas.

The Audit Process

Stakeholders require responsible judgments from independent auditors. We provide this service through our understanding of each client’s industry, key value drivers, marketplace practice and competitive positioning. Our audit team is always fully briefed and is led by a Partner and Manager who have first-hand experience of the client's needs.

The information generated by the reporting process is an excellent basis for constructive advice. We highlight this advice in our summary of recommendations on completion of the audit.

We ensure that audit work is completed as efficiently as possible without disrupting our clients' day-to-day operations.

Reducing Risk

The various audit and accounting services can take care of your statutory requirements. Each can:

  • Satisfy you that all is well
  • Lend the credibility of an outside view to your accounts
  • Show up weaknesses and opportunities within your business

In any case, one or other may well be needed in order to satisfy the demands of third parties for reliable information.

We would be delighted to review with you your requirements and provide a fixed fee quotation.