UK statutory audit
Most of what we need, we’ll get ourselves.
A typical audit request list runs to a few hundred items, and most of them are documents that already exist somewhere in your systems. We connect with your permission, or you upload whole folders, and we sort and process. You won’t get idiotic questions from a new junior. Your team only answers material questions that actually need a person.
And we’ll do it for much less than you pay today.
Audit information request — typical
52 items
- A.01Trial balance at year end
- A.02Nominal ledger, full year
- A.03Prior year signed financial statements
- A.04Prior year audit adjustments
- B.01Bank statements, all accounts
- B.02Bank reconciliations at year end
- B.03Bank confirmation authority, signed
- B.04List of all accounts opened or closed
- C.01Aged debtors listing
- C.02Post year-end cash receipts
- C.03Credit notes raised after year end
- C.04Bad debt provision calculation
- C.05Rationale for provision assumptions
- D.01Aged creditors listing
- D.02Supplier statements, top 20
- D.03Post year-end payments listing
- D.04Accruals schedule with basis
- E.01Fixed asset register
- E.02Additions over threshold, invoices
- E.03Disposals and proceeds
- E.04Depreciation policy and rates
- E.05Evidence of title, freehold property
- F.01Stock count sheets
- F.02Stock valuation working
- F.03Obsolescence provision basis
- G.01Payroll reports, all periods
- G.02Starters and leavers listing
- G.03PAYE reconciliation to ledger
- G.04Directors' remuneration schedule
- G.05Employment contracts, sample
- H.01Lease agreements, all active
- H.02Lease liability calculation
- H.03Judgement on extension options
- J.01Loan agreements and facility letters
- J.02Covenant compliance calculations
- J.03Lender confirmation authority
- K.01Corporation tax computation
- K.02Deferred tax working
- K.03Uncertain tax positions, if any
- L.01Board minutes, full year
- L.02Post year-end board minutes
- L.03Related party transactions listing
- L.04Directors' declarations of interest
- M.01Revenue recognition policy
- M.02Contracts, top 10 by value
- M.03Sales cut-off testing population
- N.01Going concern forecast
- N.02Assumptions behind the forecast
- N.03Sensitivity analysis
- P.01Organisation chart, finance function
- P.02Systems and controls narrative
- P.03Journal entry listing, full year
41 collected from your systems
11 still need a person
The part everyone asks about
An army of agents tick, tie, check, research. A human directs and decides.
No human is perfect and no AI is perfect. We use multiple AI agents, often to check the same item more than once, but always with the oversight of a qualified human. Our software and agents drive efficiency and reduce the burden on your team. Our auditors ensure our assessments are correct, the work is appropriate and accurate. And we pass that efficiency on to you. Our audits are usually meaningfully cheaper.
Revenue cut-off testing risk assessment — agent one
Revenue is recognised on despatch. Cut-off risk assessed as moderate; the ledger shows no unusual statistical concentration around the year end.
Revenue cut-off testing risk assessment — agent two
Cut-off risk assessed as significant. Three of the ten largest invoices were raised in the final four days of the year. Whilst statistically normative, this requires scrutiny.
Resolution by auditor
“Second assessment accepted. Revenue cut-off is a significant risk on this engagement; extending the sample and testing to despatch records.”
Recorded in the audit file with the evidence both drafts were given
What your year end looks like with us
Four things happen, in this order. The first takes your IT team about ten minutes. The rest mostly happen without you.
- 01
You connect, once
Grant read-only access to the folders holding your accounting records, relevant contracts and documents, and to important systems through read-only MCP servers. You choose exactly which folders and systems. You can see everything we have read, and can withdraw access at any time.
- 02
We collect what already exists
Ledgers, statements, contracts, board minutes, payroll reports. Anything already sitting in your systems, we take ourselves rather than asking you to find it and send it.
- 03
Our agents draft, our auditors decide
Our agents independently draft the risk assessment and audit plan. Other agents compare the outputs and flag where they disagree. Your auditor resolves every disagreement and signs off the plan. Other agents then implement it.
- 04
You watch it happen
The portal shows what we have, what we are working on, and what is genuinely outstanding. No status calls, no chasing, no request list arriving three weeks in.
What the software does not do
We work to International Standards on Auditing (UK). The standards do not bend because the tooling is better, and the responsibility for an audit opinion sits with a person whose name is on it.
It does not decide anything
Materiality, risk assessments, conclusions and recommendations are adopted and decided by auditors. Not software.
It does not sign anything
Every working paper, but more importantly every audit letter or opinion, is owned and signed by our people.
It does not learn from your books
Your data is never used to train a model. Inference runs inside the UK and EU, and stays there.
It does not run unapproved
Every tool is approved by the firm for a specific purpose before use, and any version we have not yet certified triggers a deeper review by a qualified person before sign-off.
Send us last year’s accounts. We’ll send you a fee.
No discovery call required. A quote takes us a day or two, and you will know who your engagement partner would be before you decide anything.
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