Statutory audit
An independent opinion your stakeholders can rely on.
A statutory audit is an independent examination of your financial statements and the records behind them. The objective is to express an opinion on whether the statements give a true and fair view of the business, an opinion that lenders, investors, regulators, and boards can rely on.
We plan each audit around the size and risk of your business, perform our tests and enquiries, and report clearly, both our opinion and any control weaknesses we find along the way, so the audit leaves you with a cleaner, better-controlled business, not just a signed report.
At a glance
- Service area
- Assurance
- Best for
- Companies with a statutory audit requirement
- Delivered by
- DigitGlance with Ade Fajemisin & Associates
- How we work
- Audits are delivered with a planned, risk-based methodology and supported by audit analytics, so testing focuses where it matters and the process is efficient. Work is reviewed for quality before any opinion is issued.
What is included
The scope of the engagement.
Independent examination
An objective review of your financial statements and the records and systems that produce them.
Books and records review
Testing of transactions, balances, and disclosures against supporting evidence.
True-and-fair view reporting
A clear audit opinion on whether the statements fairly present the financial position and performance.
Internal control review
Assessment of the controls relevant to financial reporting as part of the audit.
Audit tests and enquiries
Substantive and control testing, analytical review, and management enquiry proportionate to risk.
Material weakness reporting
A management letter setting out control weaknesses and practical recommendations to fix them.
Who this is for
- Companies with a statutory audit requirement
- Businesses raising finance or investment that need audited accounts
- Boards and owners who want independent assurance over the numbers
- Organisations strengthening governance and financial control
Problems it solves
- Stakeholders who need independent assurance, not self-reported numbers
- Control weaknesses that go unnoticed until something goes wrong
- Audit processes that drag on and disrupt the business
- Financial statements that are not audit-ready
Audit and assurance engagements are independent and are conducted in line with applicable auditing and ethical standards.
Questions
Statutory audit FAQ
What does the audit opinion actually tell my stakeholders?+
It tells them whether, in our independent view, your financial statements give a true and fair view in line with the applicable framework. That independence is what lenders and investors rely on.
Will the audit disrupt the business?+
We plan around your operations and use analytics to keep testing focused, so disruption is kept to a minimum. Good records up front make the process much faster.
What is a management letter?+
It is a report to management setting out control weaknesses found during the audit and our recommendations to address them.
Explore more
Other professional services
Talk to us about statutory audit.
Book a free consultation and we will recommend the right approach for your business.