Audit Services

An independent audit is the foundation for decision-making in business. Stakeholders require responsible opinion from independent auditors and the fundamental goal of auditors in the UK is to provide this assurance. We are committed to providing a constructive and challenging audit. Marketplace feedback, from both large quoted and growing businesses, confirms that our audit opinion is robust and commercially focused. As auditors we get the basics right and we add value beyond the financial statement through the insights we bring, based on our knowledge of a client's business drivers and of individual sectors.

Our audit methodology is designed to focus the audit on the risks that might have material impact on the financial statements. It is designed to national and international standards and all our professionals are guided by the same approach to methodology, processes and documentation. All audit staff undergo frequent and regular training to ensure their knowledge is as current as possible. The high quality of communication is a particular feature of our audit process. Underpinning our audit approach is a commitment to no surprises, with early advice on any potential issues. The amount of senior time we spend on site and the frequent and interactive exchange of views builds a stronger working relationship, brings fresh perspectives and the early identification to emerging issues. GKPP is confident in the technical abilities of our lead partners, who have the extensive experience and authority to make accounting decisions that commit the firm. This empowerment of our partners, the local nature of the firm and regular consultation with our clients means that our response to accounting issues that arise during the audit is prompt, decisive and consistent. Quality, integrity and independence GKPP has its own quality procedures in place as well as being subject to external review by the Audit Inspection Unit of the UK Financial Reporting Council. In addition, all our relationships are assessed by an independent Client Service Review, where we obtain direct feedback from the client on the overall quality of services and relationships. For further information about our services, or if you would like one of our professionals to contact you, please contact Us.

International Financial Reporting Standards (IFRS) are a single set of high quality, understandable and enforceable global standards. The requirements for all listed groups in the EU to apply IFRS by 2005 follows the global trend for enterprises to report under IFRS. With experience in providing services for enterprises reporting under IFRS we can assist you in IFRS implementation and in doing so help you to seize the opportunity provided by IFRS. Questions to guide - IFRS Status Check Do you know what information you will need for IFRS? What are the differences between your existing accounts and the IFRS numbers? Can your system cope with producing those new numbers? Will your front-line people be able to supply them? Have you talked to departments beyond Finance to provide you with the information you need? What are the mechanics of producing and embedding the new numbers? How will you present the IFRS information and put it into an appropriate context? Can you cope with two GAAPs if you have both group-level and subsidiary accounts to produce? Do you know where you're going to get support for IFRS conversion? Have you spoken to your Audit Committee yet?