Login In

Interactive Diagnostic

Stratford-upon-Avon

13 The Courtyard
Timothy's Bridge Road
Stratford-Upon-Avon
Warwickshire CV37 9NP

01789 294484

enquiries@gjassociates.co.uk

London

7-8 Stratford Place
Mayfair
London
W1C 1AY

0207 495 0304

enquiries@gjassociates.co.uk

The home of personalised audit solutions.

Are you concerned about navigating the complexities of an audit? Look no further. Grenfell James Audit LLP offers hassle free audit services in Warwickshire. With us, you get a personalised attention from a dedicated client manager. We leverage cutting-edge technology and software to streamline the audit process, making it a breeze. Plus, we’re all about convenience—we can handle most of the audit remotely. So, sit back, relax, and let us take the wheel on your auditing journey.

What is an audit?

What exactly is an audit? Think of it as your business’s annual checkup. It’s a legal requirement in the UK for many companies, especially those with a turnover exceeding £10 million and over 50 employees. During an audit, an auditor meticulously examines your business’s records to ensure they’re accurate, honest, and risk-free. It’s an essential process, albeit sometimes laborious. But fear not! At Grenfell James Audit LLP, our audit and assurance team is here to revolutionise the audit experience.

Does your UK subsidiary require an audit?

For many overseas groups with UK subsidiaries, navigating the statutory requirements for audits under UK law can be unfamiliar territory. Compliance with these regulations is essential to avoid legal repercussions and ensure adherence to local laws. At Grenfell James Audit LLP, we offer a clear and comprehensive guide to understanding the audit standards for UK subsidiaries. Our expertise helps you navigate the complexities of UK audit requirements, ensuring compliance and peace of mind.

Corporate audits

Audits are a crucial annual check on an organisation’s financial health. Our independent auditors meticulously review your business’s records to ensure they provide an accurate and fair representation, considering both precision and risk. For large businesses, audits are essential, especially for subsidiaries, which may require separate audits. At Grenfell James Audit LLP, we specialise in annual audits and assurance, tax structuring, and returns for UK-based and multinational businesses.

Audits

At Grenfell James Audit LLP, our audit service ensures legal compliance while mitigating risks and boosting stakeholder confidence. We meticulously examine records for accuracy, honesty, and risk, transforming what can be a laborious process into a smooth experience.

Corporate audits

Our corporate audit services are tailored for large or complex businesses, ensuring compliance with UK statutory requirements. With expertise in navigating audit intricacies, including those for UK subsidiaries, our team delivers precise and efficient solutions.

UK subsidiaries

For UK subsidiaries, we provide specialised audit services tailored to your needs and statutory obligations, ensuring compliance with UK regulations. Let us navigate the complexities of UK subsidiary audits for you, ensuring peace of mind and legal compliance.

Not for profits

Our Not for Profit services alleviate audit, accounting, and tax burdens, empowering you to focus on impactful work. With expertise and responsive support from Grenfell James Audit LLP, we navigate your challenges for lasting success.

Learn more about audits

Why not get in touch to see how we can help with audits

How can we help you?

    *Fields are required

    Stratford-upon-Avon

    13 The Courtyard
    Timothy’s Bridge Road
    Stratford-Upon-Avon
    Warwickshire CV37 9NP

    01789 294484

    enquiries@gjassociates.co.uk

    London

    7-8 Stratford Place
    Mayfair
    London
    W1C 1AY

    0207 495 0304

    enquiries@gjassociates.co.uk

    Grenfell James Technology Adoption Index

    How does your business perform against others adopting financial tech? Find out with our interactive diagnostic:

    1.

    How does your business receive invoices?

    A)

    Invoices are mainly received in paper form

    B)

    Invoices are mainly received by email

    C)

    Invoices are emailed then automatically forwarded to a designated mailbox

    2.

    How are purchase invoices processed?

    A)

    Invoices are entered manually

    B)

    Invoices are attached to manually raised invoices

    C)

    Automated software (e.g. ReceiptBank, 1Tap, HubDoc etc) collates invoices

    3.

    How are accounts processed?

    A)

    Using Excel/paper-based

    B)

    Using Computer-based, offline software

    C)

    Using cloud-based accountancy software

    4.

    How often is business data revised?

    A)

    Data is updated annually

    B)

    Data is updated quarterly

    C)

    Data is updated monthly or more often

    5.

    How is banking updated for your business?

    A)

    Banking is updated manually

    B)

    Banking is updated by imports

    C)

    Banking is updated via a live feed

    6.

    How are bank payments made?

    A)

    Bank payments are manual

    B)

    Bank payments are made using bulk imports

    C)

    Bank payments are made directly via accounting software

    7.

    How are bank receipts reconciled?

    A)

    Receipts are chased and reconciled manually

    B)

    Receipts are chased and reconciled automatically

    C)

    A third-party platform is used to chase debts and collect fees

    8.

    How often are management reports produced?

    A)

    No reports are provided

    B)

    Reports are provided but often too late to be valuable

    C)

    Reports are automated with real-time information

    Score 8-12:

    Curious Exploration

    Your financial technology phase is Curious Exploration

    % of respondent businesses are in this phase too.

    Switching accountancy systems may seem like an upheaval, but can be much more straightforward than most businesses imagine. From talking to our clients, they have found moving from paper invoicing and desktop-based accounting software to the cloud and apps quickly makes the transition process a worthwhile investment of time. Digital accounting solutions bring in streamlined processes, up-to-date business data and greater confidence in the accuracy of information when making financial decisions.

    Grenfell James works with your team to fully assess the needs of your business and minimise the impact of any transitions for solutions we recommend.

    Find out more about App Advisory

    More

    Score 13-19:

    Measured Discovery

    Your financial technology phase is Measured Discovery

    % of respondent businesses are in this phase too.

    Once cloud accountancy software is in place, there’s still plenty of scope to improve your accountancy processes and make sure your business is maximising the benefits of adopting a digital accounting solution. Grenfell James assesses each business to understand how any implemented solutions are being used, identify areas for improvement and the needs of the business overall to support your business goals and achieve success.

    Our team of experts can discuss a range of time-saving automation and get different apps and cloud-based solutions talking to create and manage a digital accountancy eco-system to help your business grow.

    Find out more about App Advisory

    More

    Score 20-24:

    Bold Innovation

    Your financial technology phase is Bold Innovation

    % of respondent businesses are in this phase too.

    You know the benefits of accounting technology and the impact it can have on your business goals. If you want to take it a step further, our team can conduct a systematic review of your processes, apps and business goals to ensure your digital accountancy ecosystem is keeping pace with the changing needs of a growing business.