An audit comprises detailed testing,
on a sample basis, of transactions, balances and control systems to confirm the accuracy and validity of accounting information. Recent
changes to the statutory audit threshold have removed the legal requirement to have an audit for most small businesses.
Stephenson House
Richard Street
Hetton-le-Hole
Houghton-le-Spring
Tyne & Wear
DH5 9HW
49 Front Street
Framwellgate Moor
Durham
County Durham
DH1 5BL
However, many clients now opt to have their accounts audited by Pullan Barnes in order to confirm the effectiveness of internal accounting
and control systems or simply to provide additional assurance that financial statements are correctly stated.
Other clients choose
to have their accounts audited where the owners of the company delegate management responsibilities to a Board of Directors.
We
also carry out statutory audit work for numerous charitable organisations to enable these entities to comply with Charities legislation.
Although
recent legal changes have removed the statutory requirement for clubs and associations to have their accounts audited we can carry
out such work if requested.
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Pullan Barnes is 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 www.auditregister.org.uk, under reference number 9175957