{"version":"1.0","provider_name":"Legend Fusions UK","provider_url":"https:\/\/legendfusions.com\/uk","author_name":"Faizan","author_url":"https:\/\/legendfusions.com\/uk\/author\/faizan\/","title":"AUDIT - Legend Fusions UK","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"ZgcjeeGidQ\"><a href=\"https:\/\/legendfusions.com\/uk\/audit\/\">AUDIT<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/legendfusions.com\/uk\/audit\/embed\/#?secret=ZgcjeeGidQ\" width=\"600\" height=\"338\" title=\"&#8220;AUDIT&#8221; &#8212; Legend Fusions UK\" data-secret=\"ZgcjeeGidQ\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/legendfusions.com\/uk\/wp-includes\/js\/wp-embed.min.js\n<\/script>\n","description":"Audit and Assurance Services in the UK A statutory audit is a legal requirement, not an interruption. Yet for many businesses it arrives with heavy document requests, pressure on finance teams, and a simple question: will the financial statements withstand scrutiny when lenders, regulators, or shareholders review them?Our work focuses on the financial reporting risks that matter, the accounting treatments behind the numbers, and the evidence supporting them.Our auditors issue an independent opinion on whether financial statements present a true and fair view under UK company law, FRS 102, and the International Standards on Auditing (ISAs). We conduct statutory audits under the Companies Act 2006 and perform review engagements or agreed-upon procedures where a full audit is not required.If you are unsure whether your organisation requires a statutory audit or another assurance engagement, we can assess the position and advise on the appropriate approach. 13+ years of UK audit and assurance experience Chartered Accountants and registered auditors (ICAEW, ACCA) Clear fixed-fee quotes Speak to an Audit Specialist Legend Fusions is the UK advisory brand evolved from Legend Financial &amp; Tax Advisers, unifying tax, compliance, and advisory services under one international group. Serving clients in London, Bolton, Milton Keynes and throughout the UK. Independent Audit for UK Companies and Charities What Our UK Audit Services Cover Independent assurance under UK GAAP and FRS 102 Statutory audit compliance with the Companies Act 2006 Risk-focused reviews for UK businesses, SMEs, and charities Delivered by ICAEW and ACCA Chartered Accountants What You Get Independent assurance that financial statements are reliable and compliant with the relevant reporting framework. Independent audit opinion on financial statements Key findings summary for directors and boards Action points highlighting control weaknesses Management letter where applicable Direct access to the engagement partner Who We Help Private Companies Charities &amp; Not-for-Profits Directors &amp; Boards Investors &amp; Lenders Regulated Entities Our Core Audit Services Include Statutory Audit ISRE 2400 Review Engagements Agreed-Upon Procedures (AUP) Independent Examination (Charities) Internal Audit Services Our Audit Services at a Glance AuditStatutory Required for public companies, large private companies, and regulated entities. We deliver independent assurance that your financial statements give a true and fair view. Book a Consultation ISRE 2400 Review Engagement A cost-effective alternative to a full audit. We perform enquiries and analytical procedures to provide negative assurance on your financial statements. Book a Consultation Agreed-Upon Procedures (AUP) Targeted testing of grant spend, revenue streams, or specific balances. We report factual findings without providing an audit or review opinion. Book a Consultation Independent Examination (Charities) For charities that don&#8217;t require a full audit but need independent scrutiny. We review your records, restricted funds, and governance signals. Book a Consultation Internal Audit Services Governance, risk, and internal control reviews that strengthen your organisation and report to management or your audit committee. Book a Consultation Due Diligence Services Buy-side or sell-side due diligence that uncovers risks, validates earnings, and supports confident decision-making. Book a Consultation Statutory Audit Vs Other Assurance Services Not all assurance is the same. The level of scrutiny, the procedures performed, and the opinion issued vary depending on the service you choose. Service Level of Assurance Best For Key Procedures Statutory Audit Reasonable assurance (highest level) Companies required by law; stakeholders needing maximum confidence Risk assessment, controls testing, substantive procedures, verification of balances ISRE 2400 Review Limited assurance (moderate level) SMEs, lender requirements, stakeholder comfort without full audit cost Enquiries, analytical procedures, management representations Agreed-Upon Procedures No assurance (factual findings only) Grant verification, specific balance checks, targeted investigations Procedures agreed with the engaging party; no opinion issued Independent Examination (Charities) Review-level scrutiny Charities below audit threshold; Charity Commission requirements Records review, restricted fund checks, governance assessment Quick Guidance Choose a statutory audit if: you exceed the Companies Act thresholds, are a public interest entity, or your stakeholders require the highest level of assurance. Choose a review engagement if: you need to satisfy lenders or stakeholders but don&#8217;t meet the audit threshold, or want a cost-effective alternative. Choose agreed-upon procedures if: you need verification of a specific area (e.g., grant spend) without a full opinion. Choose independent examination if: you are a charity that doesn&#8217;t require a full audit but needs independent scrutiny under CC31\/CC32. Still unsure? Speak to our team. We will help you determine the right level of assurance for your situation.\u00a0 When You Are Exempt from Audit A company qualifies for audit exemption if it meets the small company criteria and satisfies two of the following three thresholds in the financial year\u00a0\u00a0 Threshold Current Limit Annual turnover Not more than \u00a310.2 million Balance sheet total Not more than \u00a35.1 million Number of employees Not more than 50 Source: Companies Act 2006 (sections 477-479). Thresholds are subject to change. Always confirm current limits with a professional. Charity Audit Thresholds Charities have separate rules under Charity Commission guidance:\u00a0 Charity Type Audit Threshold Gross income over \u00a31 million Full audit required Gross income over \u00a3250,000 and gross assets over \u00a33.26 million Full audit required Below these thresholds Independent examination may be sufficient (see CC31\/CC32) Unsure if you qualify? We&#8217;ll review your situation and confirm your obligations.\u00a0 CHECK YOUR AUDIT REQUIREMENTS How We Work Scope and engagement letter We agree scope, timeline, and fee structure upfront. A clear engagement letter outlines responsibilities. Information request We provide a customised document request list. No last-minute surprises. Planning and risk assessment We identify key risks and set materiality. Our approach targets what matters most. Fieldwork We test controls and perform substantive procedures. Queries are raised as they arise. Findings meeting We present preliminary findings and discuss adjustments. Final report and management letter We issue the signed audit report with actionable recommendations. What We Need from You To begin the audit engagement, we typically request: Trial balance Bank statements Key contracts Payroll summary Debtor and creditor listings Fixed asset register Management accounts Fees and Timeline Drivers Audit fees and timelines depend on several factors. Company size and organisational structure Volume of financial transactions Quality and completeness of financial records Complexity","thumbnail_url":"https:\/\/legendfusions.com\/uk\/wp-content\/uploads\/2026\/03\/audit.png"}