Auditing is an issue that is often overlooked and seldom properly understood.

The fact that over recent years the requirements for small companies to have a compulsory statutory audit have been eased has meant that a number of small companies have not been conscious of the benefits an audit can bring to their business.

The objective of an audit is to enable the auditor to express an opinion on the financial statements of the business. He is required to state whether the accounts give a “true and fair view” of the business’s affairs and whether the financial statements as a whole have been prepared correctly within the required framework.

We believe that accounts with the name “Peter Upton” attached to the audit report are more valuable than those that do not.

Even if it is no longer compulsory we believe that many businesses would derive benefit from an external audit.

A satisfactory audit provides confirmation to external parties, such as banks, customers and creditors, of the credibility of your business whatever its size.

Since 1991 all practices which conduct audits have been reviewed on a regular basis to ensure that the appropriate standards are met. Over the years we have ensured that the quality of our audit function has continued to improve.

More recently it has been possible to provide a lesser ‘assurance’ report. This states that nothing amiss has come to our attention when reviewing the accounts which gives us any reason to suppose they are not ‘true and fair’.

Registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales. Details about our audit registration can be viewed at under reference number C009068715/C.

Audit regulations and guidance can be found at International Standards on Auditing (UK and Ireland) can be found at: