Are you seeking a trusted accountancy and advisory firm to provide an expert and strategically planned audit? Our specialist team, with offices across the North West, are available now to deliver comprehensive audits that keep you compliant and facilitate business growth.
Our audit services provide in-depth insight into your business, market, risks, and opportunities to develop tailored solutions, ensuring you remain compliant.
The Champion audit process
1. Audit Planning
Following an in depth discussion with you about your business, we will create a detailed Audit Planning Memorandum (APM). Setting out our proposed approach step-by-step, the APM highlights any risks and how we plan to address them. It also summarises your pertinent financial and auditing news and sector requirements. The APM is shared with senior management and the board, giving the opportunity to input and comment before we begin.
2. Audit Methodology
We operate a bespoke, risk-based audit approach. Our analysis provides assurance that reported results make sense, and detailed testing ensures that individual account balances are not materially misstated. We identify, evaluate and test key systems and controls, giving a complete understanding and meaningful review of your business processes.
3. Audit Completion
Our written Audit Summary Memorandum (ASM) summarises our audit findings in relation to the statutory accounts and audit, and provides best practise observations and recommendations concerning risk management, control and governance processes as well as our management letter points. This document is presented to senior management and shared with the board to discuss our audit findings and conclusions.
Always working with you
Our audits are carried out by an expertly skilled team that gains a complete picture of your business. We work in true partnership with you, ensuring that we understand the broader business needs and any risks to the organisation, which may be beyond the scope of our audit but ultimately impact it. We’re available whenever you need us, providing ongoing advice and assistance.
You’ll also hear from us throughout the year. As your chosen audit partner, we keep you updated on regulatory issues and requirements as they arise, helping you to plan ahead for the next year end.
Why choose Champion as your audit partner?
We act for hundreds of organisations and charities, including stand-alone companies and groups, many with overseas subsidiaries or parent companies, which range in turnover from £250,000 to £70million+ and includes a number of smaller businesses which are exempt but opt to be audited for additional reassurance and peace of mind. Our audit partners and managers are specialists in their field, with many having trained as auditors with national firms. In addition, we provide a comprehensive suite of accountancy and advisory services – statutory accounts preparation, bookkeeping, management accounts etc. – plus tax advisory services for countless limited companies, partnerships and sole traders.
Quality is paramount to us at Champion in terms of our technical work, delivery, and client service. Our work is carried out in accordance with International Standards on Auditing and the Auditing Practices Board's Ethical Standards for Auditors. We use standard audit documentation to ensure consistency and adherence to these standards. Our audit files are subject to annual 'cold file' reviews and reviews by our professional body to ensure ongoing compliance.
You’ll have access to a highly trained and experienced team of Champion professionals that are just as engrossed in your industry and business as you are.