Statutory Audit and Assurance Services
A statutory audit shouldn’t be a last-minute disruption or a tick-box exercise.
At Turpin Barker Armstrong, we help businesses meet their UK statutory audit requirements efficiently, proactively and without unnecessary stress. Our structured approach keeps your audit on track, your team informed, and your compliance fully covered.
We work with limited companies, groups, charities and regulated entities who want more than just a signed audit report, they want clarity, confidence and commercial insight.
Proactive, fully compliant audit and assurance
As an independent firm registered to carry out audit work in the UK by the Association of Chartered Certified Accountants (ACCA), we deliver statutory audits in accordance with UK auditing standards, giving you complete peace of mind.
Whether you require:
- A mandatory statutory audit
- An external audit for shareholders or lenders
- Broader audit and assurance support
Independent audit that adds value to your business
We take a forward-planning approach to every statutory audit, agreeing clear timelines and working closely with your finance team throughout the year not just at year-end. This ensures a smooth, efficient audit process with minimal disruption and no last-minute surprises.
Turning your annual audit into a strategic advantage
Our audit work goes beyond compliance. Through a thorough and independent review of your financial reporting and internal controls, we identify opportunities to strengthen processes, enhance governance and improve performance giving you greater confidence in your numbers and your strategic decisions.
Statutory Audit:
Tax Audit:
A tax audit involves reviewing an organisation’s or individual’s tax return to ensure financial information has been reported accurately and in accordance with current legislation.
Internal Audit:
Internal audits focus on strengthening your organisation from within. Through regular review of risk management processes, internal controls and operational systems, we help ensure your business remains resilient, competitive and well governed.
Internal audits are typically carried out quarterly or annually and can significantly enhance stakeholder confidence.
Our role as External Auditors
As independent external auditors, we conduct a detailed examination of your accounting records and, where necessary, physical inspection of assets. We assess whether your organisation has complied with relevant regulations and accounting standards, and we recommend practical improvements to controls, policies and procedures where appropriate.
Financial, Operational and Compliance Audits
In addition to statutory audit services, we also provide:
- Financial audits. A systematic review of your company’s financial reporting processes.
- Operational audits. An assessment of how efficiently and effectively resources are being used.
- Compliance audits. Confirmation that your organisation is operating in accordance with applicable laws, regulations and internal policies.
- Investigative audits. Commissioned where there are concerns regarding irregularities or potential breaches of rules or regulations.
Does my company require a Statutory Audit?
Under current UK regulations, your company will typically require a statutory audit if two or more of the following thresholds are met:
- Annual turnover exceeding £10.2 million
- Total assets exceeding £5.1 million
- 50 or more employees
Even where not legally required, businesses may choose an audit to:
- Strengthen credibility with lenders or investors
- Support a sale or acquisition
- Reduce the risk of fraud
- Improve financial governance
- Provide assurance to stakeholders
The Audit outcome
Following completion of the audit, we prepare our formal audit report for inclusion within your financial statements. This report sets out our professional opinion on whether your accounts present a true and fair view.
An effective audit report enhances transparency, supports financial decision-making and reinforces accountability across your organisation.
Speak to our Audit team
If you would like to discuss your statutory audit requirements or explore how an audit could benefit your business, our team would be pleased to arrange an initial conversation. Call us on 020 8661 7878 or email bsg@turpinba.co.uk
Meet the Audit Team
David Payne BA (Hons) FCA
07952 521 413
david.payne@turpinba.co.uk
David leads on statutory audits.
David qualified at Deloitte and is fluent in French; he has been a partner at the firm since 2008.
Louis Ratnam
0208 661 7878
louis.ratnam@turpinba.co.uk
Louis is an experienced Audit and Accounts Senior, who joined TBA in February 2020, having previously worked for a medium sized firm in London.
He is a qualified FCCA who has a wide experience of Limited Company Audit and Accounts for owner managed businesses in a variety of sectors.
Sethu Muthaiah
0208 661 7878
sethu.muthaiah@turpinba.co.uk
Sethu is our newest member of the audit team, he specialises in conducting external audits for medium to large companies.
Sethu is a qualified FCCA and is a member of the Chartered Institute of Securities and Investment. He has completed his ATT exams and is currently working towards his CTA exams.
We always offer the first meeting free with no obligations to commit
