Statutory Audit
More than a Snapshot. A Strategy
Independent, Insightful, and Efficient Audits
– GOING BEYOND COMPLIANCE –
A statutory audit isn’t just about regulatory compliance – it’s about transparency, credibility, and financial confidence. Whether you’re securing investment, meeting lender requirements, or ensuring your financial statements hold up to scrutiny, a high-quality external audit safeguards your business and strengthens stakeholder trust. At Lewis Brownlee, we provide expert-led, commercially focused statutory audits for small and medium-sized businesses and organisations across Hampshire and West Sussex.
What Choose Us?
Independent, robust assurance – trusted by investors, lenders, and regulators.
Our audits go beyond the numbers, providing clarity and confidence in your financial position.
Does Your Business Need a Statutory Audit?
In the UK, a statutory audit is legally required if your private limited company meets, for two consecutive years (or just one year for new incorporations) two or more of the following:
Prior to year ends commencing 6 April 2025:
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For year ends commencing 6 April 2025:
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For groups, the thresholds need to be assessed incorporating all worldwide companies within the group. There are, however, slightly higher thresholds available for groups on a ‘gross’ basis.
Even if your company or group does not meet two or more of the above thresholds, investors and lenders may request one to ensure financial transparency. There may also be other legal requirements for an audit. For instance:
Industry regulators (Financial Conduct Authority (FCA), and the Charities Act requirements).
Shareholder or member requirements
Public of traded companies
Not sure if your business needs a statutory audit? Our team can guide you – get in touch today.
What to Expect from a Lewis Brownlee Audit
– SHINING A LIGHT ON COMPLIANCE, CONFIDENCE & CLARITY –
A well-executed audit should be efficient, insightful, and add value beyond compliance. Here’s our approach:
Initial Risk Assessment
We evaluate your financial risks, reporting accuracy, and compliance obligations to tailor the audit process.
Detailed Audit Planning
We collaborate with your finance team, setting clear timelines and defining key audit focus areas.
Test and Review
- Financial statement verification – accuracy, completeness, and compliance.
- Internal controls assessment – evaluating fraud risks & financial reporting processes.
- Regulatory compliance checks – ensuring alignment with ISAs (UK), UK GAAP, IFRS, and industry standards.
Clear, Insightful Reporting
At the end of the audit, you’ll receive:
- A full audit report – providing independent assurance for stakeholders.
- Findings & observations – providing independent insights into financial reporting and compliance risks through a thorough audit findings report
- Regulatory compliance confirmation – ensuring financial statements meet UK accounting and auditing standards.
Why Small and Medium-Sized Businesses Choose Lewis Brownlee for Audit
Big-Firm Expertise
None of the Bureaucracy
Top-tier audit quality without the inefficiencies or inflated costs of larger firms. We deliver practical, commercial advice tailored to your needs — not a one-size-fits-all process. Because when it comes to your audit, you deserve more than box-ticking.
Senior-Led Audits
Straight-Talking, No Layers
No layers of junior staff — our experienced auditors work directly with your finance team. You’ll get clear, commercial advice from people who know your business, not a revolving door of trainees. We believe your audit should add value, not bureaucracy.
Efficient, Transparent Processes
Minimising Disruption, Maximising Clarity
We work hard to minimise disruption to your day-to-day operations while keeping you fully informed at every stage. Our approach is open, collaborative, and structured around your timelines — not ours. Because a well-run audit should give you confidence, not headaches.
Trusted by Investors, Lenders & Regulators
Independent Assurance You Can Rely On
Our audits provide independent assurance that meets the expectations of investors, lenders, and regulatory bodies. We understand what external stakeholders are looking for — and we make sure you have the credibility and transparency to meet their standards with confidence.
Experts Across Turnover Levels and Sectors
Sector-Specific Insight for Growing Businesses
We specialise in supporting growing companies across multiple industries, providing the sector-specific insight needed to navigate challenges and seize opportunities. Whether you’re scaling rapidly or operating in a complex environment, we bring the experience to support your next stage of growth.
Industries We Work With
Corporate & SME audits
Ensuring compliance and transparency for growing businesses.
SRA Assurance
Helping legal firms stay compliant with SRA Accounts Rules.
Construction and Property
Auditing financial reporting for specialist industries.
Financial Services and FCA Audits
Meeting the highest regulatory standards.
Charities and Not-for-Profits
Providing transparent, compliant audits for the third sector.
Thinking of Changing Audit Firms?
Many businesses seek an audit partner with a more commercial approach, clear communication, and sector expertise. If you’re considering a change, we ensure a seamless transition.
Get Clarity, Compliance & Confidence in Your Financials
A high-quality, independent statutory audit isn’t just a regulatory requirement – it’s a critical tool for financial stability, investment readiness, and strategic decision-making.
📞 Book a consultation today to discuss your audit requirements with our experts.
Mandatory Doesn’t Have to Mean Mediocre.
Statutory audits, without the factory-line feel.