Comprehensive Financial Audit Services
At Streets Audit LLP, we deliver thorough, efficient, and reliable financial audit services to businesses across the UK. Whether statutory or voluntary, our audits ensure transparency, compliance, and stakeholder confidence.
As ICAEW-registered auditors, we support SMEs, charities, FCA-regulated firms, and large corporate groups with tailored financial audits aligned to your reporting obligations and sector-specific risks.
Who Requires a Financial Audit?
From 6th April 2025, UK companies must undergo a statutory financial audit if they meet two or more of the following thresholds:
- Annual turnover of £15 million or more
- Gross assets exceeding £7.5 million
- More than 50 employees
- You may also require a financial audit if your business is part of a wider group, or due to regulatory, grant or investor requirements. Charities and not-for-profits typically have lower audit thresholds.
Even if not mandatory, a voluntary financial audit strengthens governance, enhances credibility, and provides reassurance to banks, investors and stakeholders.
Why Choose Streets for Your Financial Audit?
Our audits go beyond compliance — we deliver actionable insight and added value. Here’s what sets our service apart:
- Board assurance: Meeting legal, governance and financial standards
- Efficiency: Timely audits with minimal disruption
- Consistency: A dedicated audit team familiar with your business
- Specialist knowledge: Sector-specific expertise
- Clear reporting: Proactive advice and user-friendly insights
Who We Work With
We offer financial audit services to a wide range of clients, including:
- SMEs and owner-managed businesses
- Large UK companies and corporate groups
- Charities, academies, and not-for-profits
- FCA-regulated firms and SRA-compliant law firms
- International businesses with UK subsidiaries
- UK companies with overseas entities
Voluntary Audits: When Are They Worthwhile?
Many organisations opt for a voluntary financial audit when:
- Raising finance or securing investment
- Improving internal controls and financial management
- Demonstrating accountability to stakeholders
- Preparing for acquisition, sale or restructuring
We also offer alternative financial assurance services for companies not requiring a full audit:
- Assurance reviews – Limited-scope reviews to build trust
- Agreed-upon procedures – Bespoke financial tests for due diligence
- Internal audits – Risk and governance checks for ongoing improvement
How We Add Value to the Financial Audit Process
At Streets, your financial audit includes:
- Pre-year-end planning – Ensure a smooth audit and address tax opportunities early
- Key issues reporting – Highlight material risks and opportunities
- Partner-led service – Direct access to experienced ICAEW-registered professionals
- Improved systems – Recommendations to streamline future accounting and audits
- Stakeholder-friendly documentation – Clear, understandable reports
Additional Services That Complement Financial Audits
We offer a full suite of related services to support your compliance and business goals:
- Corporate tax advice and compliance
- R&D tax credit claims
- Director remuneration planning
- Grant and FCA audits
- International tax structuring
- Capital allowances and transactional tax support
Frequently Asked Questions (FAQs)
What is a financial audit report?
Why is a financial audit important?
How is a financial audit different from an academic audit?
How do you audit financial statements?
Why do you need a Financial Service Audit?
If you’re a financial services firm (e.g. FCA-regulated), you face strict compliance obligations. A tailored financial services audit ensures regulatory accuracy, builds trust with clients, and protects your licence to operate.
Why choose Streets for your financial services audit?
Request a Quote or Submit a Tender
Whether you need a statutory audit, a voluntary audit, or tailored financial audit services, Streets Audit LLP is ready to help.
Email us at info@streets.uk
