Precision. Integrity. Assurance.
We are Chartered Accountants specialising in audit and assurance. Our team has over 50 years experience working with companies, charities, trusts and societies.
Statutory audits play a crucial role in ensuring transparency, accuracy, and legal compliance for businesses of a certain size or structure in the UK. Whether your organisation is privately owned, publicly listed, or part of a regulated sector, the statutory audit process exists to provide independent assurance that your financial statements are a true and…
At Millet Accountants, we understand that the word ‘audit’ can feel daunting to some businesses, particularly smaller or growing companies that have never been through the process before. However, for many organisations, regular audits are not only a legal requirement but also a powerful tool for financial clarity, stakeholder reassurance and long-term planning. Knowing whether…
Charity Audits – Running a charity in the UK carries important responsibilities. Trustees must ensure that their charity is transparent, accountable, and compliant with legal and regulatory requirements. One area that often raises questions is the requirement for audits and independent examinations. Not all charities need a full statutory audit, but understanding when audits are…
Auditing financial statements is one of the most important processes a business can undertake to ensure accuracy, transparency, and compliance. Whether it is for legal reasons, investor confidence, or internal governance, a financial audit serves as an independent review of a company’s accounts. At Millet Accountants, we carry out financial statement audits for businesses of…
At Millet Accountants, we are often asked by firms regulated by the Financial Conduct Authority (FCA) about their obligations when it comes to CASS audits. The Client Assets Sourcebook, commonly known as CASS, is an important part of the FCA Handbook and sets out the rules for firms that hold or control client money and…
A UK subsidiaries of a large foreign group that fails to undergo a statutory audit, despite being legally required to, faces significant legal and financial implications. Under UK law, subsidiaries generally qualify for an audit exemption if they meet small company criteria. However, if they are part of a large global group, this exemption does…
Charities in the UK have a special responsibility when it comes to transparency and accountability. Whether large or small, every charity must demonstrate that it is handling donations and other income responsibly, in line with charity law and the expectations of trustees, donors, and regulators. A financial audit can feel daunting if you have never…
Community Benefit Societies (often referred to as BenComs) play a vital role in supporting and strengthening local communities across the UK. These organisations are set up not to serve private members’ interests but to benefit the wider public. Whether running a community-owned pub, social housing scheme, renewable energy project or local shop, Community Benefit Societies…
Knowing the rules allows you to plan. As auditors we need to be sure you have applied the standards correctly. Remember that if the property is held for rental income or held for capital appreciation it may well need to be considered an Investment Property. As long as the property can be reliably valued than…
Raise the Issue with the Auditor First – Before escalating the complaint, try to resolve it directly with the auditor or their firm. Many firms have internal complaints procedures that should be followed. Contact the Recognised Supervisory Body (RSB) If the issue is unresolved, you can escalate the complaint to the professional body that regulates…