SERVICES

Audit and Assurance Services

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Quality focus

Our experts provide leading Audit and Assurance services, drawing on decades of experience in regulatory compliance, financial reporting and corporate governance. Over the last 80 years, we’ve worked closely with business owners across a wide range of industries.

We don’t see an audit as a box-ticking exercise. We take time to understand your business, analyse the key drivers of performance and risk, and focus our work where the risk is. The result is an efficient, high-quality audit that delivers robust assurance and practical insight. We also aspire to add value to your business through our audit process suggesting improvements in your business and advising through our specialist non-audit teams within the remits of the Revised Ethical Standard.

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AUDIT AND ASSURANCE SERVICES

How we can help

Statutory audits

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We can provide independent audits of financial statements in line with International Standards on Auditing (UK), Companies Act requirements and relevant reporting frameworks (mainly FRS 102 and IFRS).

Statutory audits

Public Interest Entities (PIE) audits

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We offer specialist risk and quality focused audit services for PIEs, using our wealth of LSE main market audit expertise.

Public Interest Entities (PIE) audits

Charity and not for profit audits

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These audits are tailored to charities and not for profit organisations, with a clear focus on governance, transparency and donor confidence.

Charity and not for profit audits

SRA client money audits

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For Solicitors Regulation Authority (SRA) Accounts Rules assignments, we ensure compliance over client money handling and offering practical recommendations to strengthen controls.

SRA client money audits

CASS audits

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We can also provide assurance engagements over compliance with the FCA’s Client Assets Sourcebook (CASS), providing comfort that client money and assets are being safeguarded.

CASS audits

Agreed upon procedures

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Our team can support with bespoke assurance assignments over specific areas for example working capital, financial covenants, internal controls; delivering factual reporting of our findings in line with applicable assurance standards.

Agreed upon procedures
Statutory audits
Public Interest Entities (PIE) audits
Charity and not for profit audits
SRA client money audits
CASS audits
Agreed upon procedures

Get in touch

If your business needs independent assurance on risk management, corporate governance or financial reporting, it’s important to act early – both to mitigate risks and to identify opportunities for improvement.

We’d be happy to arrange an initial consultation to discuss your requirements and timelines. Simply complete the enquiry form or call us on the number below.

Get in touch

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OUR EXPERTS

Audit and Assurance team

What our clients have to say…

We have worked with Howard Woolf, Bejal Gandhi and their team at GE for over 20 years, during which they have provided us with expert financial advice, at times on complex corporate structures, as well as ongoing tax and audit services. Their technical knowledge, professionalism, and consistent support across a wide range of businesses in our group have been invaluable. We value their trusted partnership and highly recommend their services.

Ali Naraghi

CFO, Bourne Capital

What our clients have to say…

Ronnie Scott's have used Gerald Edelman for our auditing for many years and have found them to be a great sounding board for our business. They not only understand the complexities of the music business, they are able to anticipate issues that might lay ahead and bring them to our attention.  We find them an invaluable financial support.

Simon Cooke

Managing Director, Ronnie Scott's Jazz Club

What our clients have to say…

Hemen is immediately responsive to all of our requirements. The swift advice that he provides on some of our more “out of the box” requests demonstrates a technical ability on which we have come to rely.

Nigel Carson

Director, Property Finance International

WHY CHOOSE US

Why Gerald Edelman?

Our Audit and Assurance team has built a strong reputation for combining technical quality with a highly personal service.

Quality obsessed, entrepreneurial and collaborative - We are committed to deliver a risk focused high quality audit service in an entrepreneurial and collaborative environment

Partner-led, relationship-driven – You’ll have direct access to senior people who understand your business and are invested in your long-term success.

Risk-based and efficient – We use a risk-focused approach and appropriate audit tools to deliver robust assurance without unnecessary disruption.

Clear communication – We explain our findings clearly and provide practical recommendations, not just a list of issues.

Transparent fees – We agree fees upfront and aim to fix the compliance element wherever possible, so you’re not exposed to hidden costs or unexpected overruns.

COMMON QUESTIONS

Frequently asked questions

Are you able to conduct an audit of my business remotely?

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Our audits are risk-based and technology-enabled, so we can carry out most, if not all, of the process remotely. Secure data portals and video meetings allow us to work efficiently with your team. However, where practical, we find that spending time on-site helps us gain a deeper understanding of your operations and build stronger working relationships.

What benefits does an audit provide beyond compliance?

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Whilst an audit is often needed in order to comply with statutory requirements, or possibly as part of a finance arrangement, we view the audit process as a crucial starting point to fully understand your business structure and activities.

A well-planned audit can:

  • Highlight weaknesses and improvements in internal controls and processes.
  • Provide insight into business performance, margins and key drivers.
  • Inform decisions around tax, group structure and future plans.

Importantly, a high-quality audit gives management, shareholders and other stakeholders confidence that the financial statements can be relied upon. This assurance supports better, more informed decision-making.

What makes Gerald Edelman’s audit services different?

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As a mid-tier practice with strong technical resources, we deliver audits that are fully compliant with International Standards on Auditing whilst maintaining a truly personal, partner-led service. In many ways, we offer the best of both worlds: the depth and capability you would expect from a larger firm, combined with the accessibility, responsiveness and continuity of a smaller practice. We always work with your long-term objectives in mind, rather than treating the audit as a once-a-year obligation.

How are your fees structured?

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We offer full transparency over our fees. Wherever possible, we agree a fixed fee for the core compliance work, based on the information you provide and the scope agreed at the outset. If additional work is required – for example, due to changes in the business, new reporting requirements or issues identified during the audit – we discuss this with you in advance so there are no surprises.

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