ACCOUNTING, TAX, AND CONSULTING FIRMS
At The Audit Experts, we specialise in conducting audits for clients of accounting, tax, and consulting firms. We only undertake audit work and provide an audit department for accountancy firms looking to complement their service offerings. We deliver a partner-led, expert audit service and guarantee that the relationships between you and your clients remain unaffected. As audit specialists, we do not offer any services which compete with those provided by accounting, tax, or consulting firms.
In today’s regulatory environment, audit work demands more than just time. It requires deep technical expertise, rigorous adherence to evolving standards, and flawless execution to ensure quality and compliance. As regulations become more complex and scrutiny increases, even well-resourced accounting firms struggle to keep pace while balancing their other priorities.
At The Audit Experts, we share the goal of providing your clients with the highest quality service, so a collaboration with us gives you a notable competitive advantage. Providing an audit service through your firm places you above your competition, allowing you to retain your clients for life. No need to worry about them outgrowing your practice or looking elsewhere, you can provide a full service that grows with your clients.
When you partner with us, we’re a combined force. Two teams are better than one, and together, we will provide seamless, specialist support to your clients that preserves your quality, reputation, and trust.
WHY PARTNER WITH THE AUDIT EXPERTS?
Leverage the Benefits of an Audit Department
Clients can require audits for a number of reasons, and if they are under the standard audit threshold, this request can be unexpected. Without audit registration, an accounting firm will be left unable to provide its clients with such service. Partnering with us will allow you to increase client satisfaction, as we conduct the audits on your behalf and your clients will not need to look elsewhere.
Case Study:
An accounting firm we work with has a client that is a small, UK-based company. However, at the request of its overseas parent company, it also needed to be audited. Our experience of working with methodologies adopted by Big 4 and Top 20 firms enabled us to efficiently handle the audit process and complete the audit as per the parent company’s instructions.
Case Study:
An accounting firm we work with has a client that is a small, UK-based company. However, at the request of its overseas parent company, it also needed to be audited. Our experience of working with methodologies adopted by Big 4 and Top 20 firms enabled us to efficiently handle the audit process and complete the audit as per the parent company’s instructions.
Uphold Ethical Standards
Accountancy firms are required to follow fundamental ethical principles. There can be occasions where providing both auditing and accounting advisory services compromises a firm’s objectivity and independence. Passing your auditing obligations to a non-competing audit firm, such as The Audit Experts, will allow you to focus on your more profitable advisory engagements.
Retain Your Growing Clients
As your clients grow, there will come a time when they exceed the audit threshold, and it becomes mandatory for their accounts to be audited. If your firm is unable to provide this service, the client will explore alternative options to meet their needs. A partnership with us will allow you to offer audit services and retain your growing clients without worrying about them being poached by competing firms for accounting or advisory services.
Case Study:
We were contacted by an accounting firm with a client that had recently exceeded the audit threshold. Unable to perform the audit themselves as they were not registered, we conducted this work on their behalf. The accounting firm was able to retain its client and continued to provide them with advisory services.
Case Study:
We were contacted by an accounting firm with a client that had recently exceeded the audit threshold. Unable to perform the audit themselves as they were not registered, we conducted this work on their behalf. The accounting firm was able to retain its client and continued to provide them with advisory services.
Cut Through the Red Tape
Both the ICAEW and ACCA have tightened their compliance criteria in recent years and are now expecting more from accounting firms in terms of compliance and quality. As a result of this, many firms have surrendered their audit licences. If you have recently given up your licence, allowing us to provide audit services will enable you to retain your loyal clients for accounting, tax, and advisory services.
Grow Your Accounting Practice
If you are an established accounting firm looking to grow, you may be considering buying another firm. If the accounting firm you are planning to buy has existing audit clients that you are unable to serve, The Audit Experts can take them off your hands. You can either introduce us to these clients as your partner, or you can sell the block of audit fees to us.
If your firm could benefit from a partnership with us, please get in touch to arrange an initial discussion about the audit services we can provide to your clients. We’re happy to provide you with details of our references so you can obtain the perspectives of the existing accountancy firms we serve.
