Our statutory audit services go beyond the basics of compliance. We help you meet your obligations while providing assurance that your financial statements are accurate, reliable, and independently verified.
At Forrester Boyd, we combine regulatory expertise with a practical, industry-focused approach. Our aim is to make the audit process clear, constructive, and beneficial for your business.
We make sure your business meets its statutory obligations under the Companies Act 2006 and other regulatory frameworks.
Provide stakeholders with clarity and assurance that your financial statements present a true and fair view.
Highlight potential areas of risk in your financial and operational systems before they become issues.
Our team understands the reporting nuances across multiple industries, ensuring your audit is relevant and insightful.
We turn audit findings into practical business recommendations to strengthen your governance and internal controls.
Not every business requires a statutory audit, but under UK law, you will if you exceed certain thresholds or fall into specific categories. Businesses that typically require an audit include:
Any company exceeding two of the following: Turnover above £10.2m, Assets above £5.1m, More than 50 employees.
All PLCs must have statutory audits.
With income above £1m, or assets over £3.26m and income above £250,000.
All academies are legally required to undergo an audit.
Most occupational pension schemes require an audit.
Including FCA-regulated businesses.
Even if below thresholds, if part of a group producing consolidated accounts.
If at least 10% of voting rights request one.
We tailor every audit to your organisation, ensuring you meet statutory requirements while gaining insight that adds real business value. Our statutory audit specialists have extensive experience across a wide range of sectors, including:
from SMEs to large enterprises
ensuring compliance with Charity Commission requirements
with deep knowledge of education audit frameworks
providing independent, regulatory assessments
supporting FCA-regulated entities
audits reflecting sector-specific nuances
We believe an audit should do more than meet legal obligations – it should help your business grow stronger.
Our audit team combines advanced technology with decades of experience to make the process efficient, thorough, and genuinely useful.
robust and reliable financial data
supporting directors in fulfilling their responsibilities
using audit findings to guide future planning and investment
We’ve included some common questions about statutory audits. If you’re unsure whether you need one, please contact our team.
It’s an independent examination of your financial statements to confirm accuracy and compliance with regulations.
If your organisation exceeds statutory thresholds, is a PLC, charity, academy trust, pension scheme, or is requested by shareholders, you’ll need an audit.
Most statutory audits take between two and four weeks, depending on the complexity of your business.
No. We work with a range of organisations, including SMEs, charities, and regulated entities.
Typically, we’ll need financial statements, bank reconciliations, invoices, and accounting records. We’ll provide a clear checklist at the start.
