Precision.
Integrity.
Assurance.

A statutory audit is an indepth review of your company’s financial statements and systems. Its main purpose is to ensure that the information presented is accurate, transparent, and complies with accounting regulations and standards. At Millet Audit, we see auditing not just as a compliance task, but as a vital tool for maintaining credibility and trust. Whether you are a limited company, charity, or growing enterprise, a well-executed audit can uncover inefficiencies, reduce risk, and help you plan more effectively for the future. Audits also give stakeholders—such as banks, investors, and shareholders—confidence that your financial reporting is reliable. A financial audit can also help you to strengthen internal controls, identify issues before they become costly problems, and ultimately give you peace of mind that your processes are in good order.

Not every business is legally required to undergo a statutory audit, but many are. In the UK, your company must have a statutory audit if it meets two or more of the following criteria: an annual turnover of over £15 million, assets worth more than £7.5 million, or over 50 employees. However, some companies must have an audit regardless of size—such as public companies, those in regulated industries, or businesses where shareholders demand it. At Millet Audit, we can quickly assess whether your business needs a statutory audit and help guide you through the process. Even if it’s not a legal obligation, many businesses choose to have an audit voluntarily to improve financial transparency and support future growth. Our team ensures the process is smooth, efficient, and fully compliant with UK regulations, giving you assurance that your finances are accurate and your business is on solid ground.

The length of a statutory audit can vary depending on the size and complexity of your business. Typically, most audits take between two to six weeks from planning to final report. At Millet Audit, we begin by thoroughly understanding your business and financial processes, which allows us to identify any potential risks or challenges early on. We then carry out fieldwork, analyse your accounts, test financial controls, and prepare a detailed audit report with our findings and recommendations. Clear communication is central to how we work, so we’ll keep you informed at every stage. We also work around your schedule to minimise disruption to your day-to-day operations. Our experience with a wide variety of sectors and business sizes means we’re able to anticipate challenges and complete audits efficiently without compromising quality. The result is a clear, thorough, efficient and timely audit.

What sets Millet Audit apart is our commitment to combining technical excellence with a genuinely personal service. We understand that every business is different, and we tailor our auditing services to reflect your specific needs, sector, and objectives.  Our audits are conducted with care, accuracy, and integrity, and we pride ourselves on being approachable and responsive throughout the entire process. We avoid confusing jargon and focus on clarity, making sure you fully understand your financial position and any areas for improvement. Many of our clients return year after year because they value our honest advice, efficient service, and consistent results. Whether you’re a small company or a larger enterprise, Millet Audit would welcome the opportunity to discuss with you how we can conduct an efficient audit within your budget.