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Statutory Audit services

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Statutory audit services for UK companies, groups, and regulated businesses. Stay compliant, build trust, and get expert audit support from Pearl.
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Speak to Our Statutory Audit Specialist
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Does your company need a Statutory Audit?

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Many businesses are unsure whether they need a statutory audit. The rules depend on your company size, structure, and financial results. UK law sets three main thresholds. If your business meets two of them, a statutory audit may be required.

For financial years beginning on or after 6 April 2025, companies may qualify for audit exemption if they meet at least two of the following criteria: 

£ 0 m

Turnover of £15 million or less

£ 0 m

Assets of £7.5 million or less

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50 or fewer employees

You may still require a Statutory Audit if

  • Shareholders request an audit
  • Operate within a regulated industry
  • Articles of association require an audit
  • Group structure requires consolidated reporting
  • Lenders or investors require audited accounts
  • Preparing for investment or acquisition

Our team can help assess whether your company qualifies for audit exemption and provide guidance on your statutory obligations, working alongside our company statutory accounts and corporation tax services specialists where required. 

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When do businesses need a Statutory Audit?

Statutory audits are required by law in many situations. They also help businesses improve financial reporting and strengthen confidence among investors, lenders, and regulators.
  • Your business exceeds the audit thresholds.
  • Investors, lenders, or stakeholders require audited financial statements.
  • Your organisation operates within a regulated industry.
  • Your business has experienced significant growth, restructuring, or ownership changes.
  • You require greater confidence in your financial reporting processes and bookkeeping services.
  • Your board requires independent assurance over controls and reporting.
  • You are preparing for acquisition, investment, or refinancing activities.
A statutory audit provides independent assurance, strengthens stakeholder confidence, and helps improve reporting quality and governance.
Talk to Our Audit Team

Our Statutory Audit services

We provide practical statutory audit services for companies across many sectors. Our audits support compliance, improve reporting, and help businesses meet legal obligations.
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Statutory company audits 

Independent statutory audits completed in line with UK accounting and auditing standards.
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Audit exemption reviews 

We assess whether your business qualifies for an audit exemption.
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First-year audit support 

Guidance for businesses preparing for their first statutory audit.
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Audit preparation support 

Help preparing records, systems, and documentation before your audit begins.
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Regulated sector audit support 

Specialist audit services for businesses operating in regulated industries.
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Financial controls and reporting review

Review internal controls and financial reporting to strengthen business processes.

Industries we serve  

We support businesses across many industries with reliable statutory audit services that meet sector specific requirements.
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Startups

Startups
Construction

Construction
Hotels

Hotels
E-commerce

E-commerce
Media

Media
Small businesses

Small businesses
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Why choose us as your Statutory Auditor? 

Our experienced audit team provides clear advice, independent assurance, and practical support. We work closely with businesses throughout the audit process. Clients can also access support through our legal business helpline for additional business and compliance guidance.
  • ICAEW-regulated firm  
  • Experienced statutory audit specialists  
  • Independent and objective audit assurance  
  • Partner-led audit engagements  
  • Industry-specific audit expertise  
  • Clear communication throughout the process  
  • Practical commercial insight and recommendations 
  • Efficient and well-managed audit delivery  
  • Strong focus on audit and quality compliance 
Contact Our Audit Team

Our Statutory Audit process

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Audit planning

We review your business, define the scope, and agree the audit timetable.

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Risk assessment

We identify key risks and understand your financial processes.

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Fieldwork

We test records, review controls, and gather audit evidence.

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Review

We discuss findings and answer any questions before completion.

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Reporting

We deliver the audit report and explain the final outcome.

Frequently Asked Questions

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What is a statutory audit?

A statutory audit is an independent review of a company’s financial statements. It confirms whether they present a true and fair view and comply with UK regulations.

It depends on your company size, turnover, balance sheet value, employee numbers, and legal requirements.

UK law sets financial thresholds to determine whether a statutory audit is required. We can help assess your position.

Yes. In some situations, shareholders can require a statutory audit even if the company qualifies for an exemption.

Costs depend on your business size, complexity, and reporting requirements. Contact us for a tailored quote.

Build trust in every financial statement

Professional statutory audits that support compliance, strengthen confidence, and provide independent assurance.
Book a Consultation

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