Statutory Audit

Statutory audit essentials

At Richardsons, we take pride in delivering comprehensive statutory audit services that are tailored to meet the unique regulatory requirements of each organisation. Our registered auditors possess extensive experience in handling a variety of statutory audits across multiple sectors, including manufacturing, healthcare, financial services, retail, and telecommunications.

We are aware of the dynamic nature of auditing standards, especially concerning statutory requirements. To maintain technical excellence, we commit to incorporating advanced auditing technologies and methodologies. This approach facilitates the rigorous evaluation of financial statements, ensuring that assets and liabilities are accurately reported.

Our focus on excellence and efficiency, underpinned by a framework of robust internal controls, positions us as trusted specialists in the field. We leverage this expertise to conduct statutory audits that stand up to scrutiny, supporting the sustainability of organisations and the financial futures they safeguard.

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Scope of our services

Initial consultation: We begin with a thorough review of your financial statements and regulatory requirements to determine the necessity of a statutory audit and to outline the scope of our audit procedures.

Audit compliance: Our auditors ensure that your financial statements comply with the applicable accounting standards and regulatory frameworks, providing an accurate and compliant auditor’s report.

Quality assurance: Our specialists meticulously review your financial documents, including balance sheets, income statements, cash flow statements, and disclosures, to authenticate the accuracy and integrity of your financial reporting. Whether you are a listed company, a non-profit, or a private enterprise, our team holds a wealth of experience to assist you in managing various statutory audit requirements.

Specialist expertise: Our team’s broad experience with different regulatory environments, such as IFRS, UK GAAP, and local standards, ensures that your statutory audit is handled with precision and expertise.

Common challenges and proactive solutions

We understand the critical importance of adhering to statutory deadlines. Our processes are optimised to conduct audits efficiently, ensuring timely delivery of the auditor’s report.

Financial statement accuracy: We guide you through preparing accurate financial statements, identifying and correcting misstatements to avoid non-compliance.

Regulatory adherence: Our auditors stay abreast of changes in regulatory requirements to ensure your financial reporting remains compliant.

Risk management: We help identify and manage financial reporting risks, ensuring robust internal controls are in place to prevent and detect errors or fraud.

Let us navigate the complexities of your statutory audit requirements with our specialised knowledge, allowing you to focus on the core activities of your organisation. Our team is dedicated to providing a service that is thorough and reliable, executed with the enthusiasm that reflects our commitment to excellence.

How we navigate legal requirements

Navigating the intricacies of legal requirements in statutory auditing is a complex yet crucial task. Our focus is on thorough compliance and safeguarding the integrity of the financial data we handle.

GDPR Compliance and Data Protection

To adhere to the General Data Protection Regulation (GDPR), we have implemented robust protocols that ensure the confidentiality, integrity, and availability of personal data. In our audits:

Data collection: We collect personal data only with clear consent from individuals, ensuring our practices align with rigorous GDPR standards.

Data use: Personal data is used strictly in accordance with the stipulated purposes of the audit and GDPR requirements, thereby reinforcing trust with all stakeholders.

Security measures: We employ state-of-the-art security measures to defend against unauthorised processing, accidental loss, destruction, or damage.

In summary, we ensure that every aspect of data protection is seamlessly integrated into our audit processes, reflecting our commitment to the highest standards of data governance and regulatory compliance. Our clients can rest assured that we are their steadfast ally in statutory audit management and their vigilant guardian in a landscape of ever-evolving regulatory obligations.

Expert oversight for financial futures

Our seasoned team offers comprehensive audit and assurance services across various sectors, ensuring compliance and adding confidence to financial reporting.

Key services:

Audit expertise: The precision and proficiency necessary for statutory audits are our hallmarks. We navigate the complexities of financial accounts with an informed approach, ensuring compliance and adding confidence to financial reporting.

Governance support: Fostering robust governance frameworks is essential. We assist boards and audit committees in meeting their responsibilities, providing insights that bolster decision-making processes.

Sector knowledge: Our understanding of various sectors is ever-evolving, keeping pace with legislative shifts and regulatory expectations. This positions us to offer proactive advice and stay ahead of trends.

Services tailored to boards and committees:

Risk analysis and control assessments: Addressing unique risks that organisations face.

Regulatory compliance: Ensuring adherence to the latest regulatory requirements.

Transparent reporting: Offering clear, precise communications to enhance understanding and engagement.

Through our targeted statutory audits, boards and committees receive a service blend that speaks directly to their needs. We share our knowledge enthusiastically, pledging to provide a seamless audit experience that aligns with each organisation’s specificities. Our aim is to impart stakeholders with complete assurance, underpinned by the expertise that our team carries forward from years of dedicated practice.

Meet the statutory audit team 

At Richardsons, our statutory audit team is celebrated for its extensive expertise and meticulous attention to detail. Our team comprises registered auditors with substantial experience across diverse sectors, including manufacturing, healthcare, financial services, retail, and telecommunications. Each member is committed to ensuring the highest standards of compliance and quality assurance.

From initial consultations to comprehensive reviews of financial statements, our specialists manage every aspect of the audit process with precision. They excel in navigating the complexities of various regulatory frameworks and legal requirements, delivering reliable and proactive solutions to enhance your compliance and financial accuracy.

Experience the dedicated, client-focused service that distinguishes our team. Join us at Richardsons and see how our expertise can support your organisational goals.


Alison Richardson

Managing Partner

Jemima King

Jemima King


John Holland

Client Director

Full spectrum support

Richardsons offers traditional expertise and modern insight to cater to the ambitious trajectory of your business, ensuring clarity, compliance, and success on your financial journey. Explore our comprehensive range of services.

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