ACCOUNTANCY, TAX AND CONSULTING FIRMS
We exclusively do audits for leading accounting firms who recommend us to their clients. Our firm offers a partner-led, expert audit service to clients of accountancy, tax, and consulting firms. We guarantee that the existing relationships between your firm and your client are completely secure because we do not compete in any manner with the accounting firms as we do not provide any service other than audit, which accountancy firms are unable to provide if they are not registered auditors. We collaborate effectively because we share a common goal of assisting clients to meet their audit requirements.
We function as an audit division for these accounting firms, enhancing their service portfolios. This collaboration enables them to provide audit services by directing their clients to us for audit tasks. There is no conflict of interest, as we do not provide accountancy services, and our accounting colleagues do not offer auditing services.
WHY ACCOUNTANCY, TAX AND CONSULTING FIRMS SHOULD PARTNER WITH THE AUDIT EXPERTS ?
Voluntary or Statutory Audit
Accountancy firms work with a number of clients to provide accountancy, advisory, and tax services. If any of their clients require an audit service for any reason (i.e., exceeds the audit threshold or specific requirement from a parent company or any other reason) but they are unable to offer this service as they are not registered auditors in the UK, so they are asking their client to go and look elsewhere for an accountancy firm who can help them with the audit work.
Although the clients are only signing up for the audit work with the new firm, there are a number of instances when the firm also lost the accountancy, advisory and tax work they were providing to their client as the new audit firm was able to offer the complete package to them. This partnership with us will help the accountancy firms retain their clients and enable them to offer audit services to their clients by partnering with The Audit Experts and introducing their clients to The Audit Experts for any audit work.
Ethical Reasons
Accountancy firms are required to follow fundamental principles of ethics. We noted that providing both auditing and accounting advisory services could compromise an accounting firm’s objectivity and independence. If this happens, the accounting firm usually resigns as a statutory auditor, requiring their clients to find another provider for their company’s audit. This partnership with The Audit Experts will help the accountancy firms retain their client relationship even after they resign as auditors and introduce us to their clients for any audit work.
Compliance Requirements
Audit regulators are increasing their compliance requirements for accountancy practices that provide audit services, and as a result, many accountancy practices that have delivered audits in the past are planning to exit and stop providing audit services to their clients. The partnership with The Audit Experts will allow the accountancy firms to find alternate arrangements for their clients who require audit services.
If you are an accountancy firm considering partnering with us to provide audit services to your clients, please contact us to arrange an initial discussion. You can also ask the accountants we collaborate with for their feedback. We’re happy to provide you with their details for you to obtain their perspective on our services.
Hassel-Free Audit Solution with The Audit Experts
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FCA REGULATED ENTITIES
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