Audit and ​assurance

Whether your company requires an annual statutory audit or not, we would always recommend that you consider whether you could benefit from some degree of assurance reporting.

What is an audit and why may I need one?

An audit is an extra step in which your auditor examines the accounts and carries out checks and tests to allow them to prepare an audit report.

Every company is required to produce a set of accounts each year that complies with the requirements of the Companies Act 2006. Those rules also mean it has to comply with Accounting Standards.

An audit is an extra step in which your auditor examines the accounts and carries out checks and tests to allow ​them to prepare an audit report. The audit report provides the reader with assurance, among other things, that the accounts give a true and fair view.  Companies which are classed as “small” under the Companies Act are often exempt from a statutory audit.

  • Jonathan Franks

    Jonathan Franks


    Jonathan’s 30 years in practice have been devoted to looking after owner-managed and family businesses, whether as auditor, accountant, or adviser on corporate transactions.

    Contact Jonathan at our London office

    Read more

How can an audit help me?

At Hillier Hopkins we think that an audit is also that moment when an independent expert has the chance to look at your company, its performance, and to discuss the accounts with you.

The work we do as auditors allows us to truly get under the skin of your company and we find that most audit clients feel that this provides them with considerable value for money. You are able to call upon the knowledge we acquire as auditor in all sorts of other areas for advice.

Is there an alternative to an audit?

As an audit is a statutory process, it involves us carrying out some work you may think has limited benefit to you, but is actually a legal requirement.

This is partly why, if your company qualifies for audit exemption - and nowadays, most companies do - you may wish to seek a Limited Assurance Report (LAR). This is a special report in which we do the work - and only the work you want us to, and in which we report only to you. 

A LAR allows you the opportunity to benefit from the in-depth understanding associated with an audit while saving significant costs, and often complying with bank and similar requirements.

Discover how Hillier Hopkins can help you

To find out more, call us on  +44(0)330 024 3200 and speak to one of our ​audit experts.

Alternatively, get answers to asset and assurance FAQs by selecting from the list of queries on the left of this page. 


Get in touch today

​London office

45 Pall Mall

T +44 (0)20 7930 7797
F +44 (0)330 024 3300

Watford office

Radius House
51 Clarendon Road
Herts WD17 1HP

T +44 (0)1923 232938
F +44 (0)330 024 3300

Milton Keynes office

249 Silbury Boulevard
Milton Keynes

T + 44 (0)1908 232020
F + 44 (0)330 024 3300

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Hillier Hopkins is a trading name of Hillier Hopkins LLP, which is registered as a Limited Liability Partnership in England & Wales, No. OC303707. Registered Office: Radius House, 51 Clarendon Road, Watford, Herts WD17 1HP. Registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England & Wales. A list of members of the LLP is available at the above address. HH and Hi logos are trade marks belonging to Hillier Hopkins LLP. © Hillier Hopkins LLP.