Funding Advisory Hub

Bishop Fleming Funding Advisory Service

Our Funding Advisory Hub, curates insights and expertise together in one place, to assist your company in raising finance.

Audit

Audit Services at Bishop Fleming Chartered Accountants 

At Bishop Fleming, our audit services are designed to provide valuable insights and drive meaningful improvements for your business. With extensive experience in both internal and external audits, we offer you a thorough understanding of your company accounts and ensure compliance with regulatory requirements.

A trusted partnership

Our approach is centered around you and your business with collaboration and open communication. Gone are the outdated notions of interrogation and critiquing. Instead, we focus on identifying issues early to prevent surprises while providing valuable insights into your business operations.

You’ll have a dedicated team of auditors with the right skills and experience to deliver a tailored audit process.

Tailored audit solutions

Whether you're part of a corporate group, an owner-managed business, a not-for-profit organisation, or a public sector organisation, our services are adaptable to your business needs and the way it operates.

Our services extend to ATOL assurance, helping travel businesses meet CAA compliance. For pensions, we ensure financial integrity and compliance for all scheme sizes. Within the Academy sector, we deliver risk-based audits that strengthen financial controls and minimise disruption. 

Using advanced auditing techniques and technologies, we provide quality audits throughout the UK, backed by a team of over 200 specialists

Explore our full range of Audit Services

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External Audit

Our External Audit Services are designed to provide a robust and thorough examination of your financial statements. With a commitment to precision and integrity, our experienced audit professionals ensure compliance with regulatory standards and offer valuable insights to enhance financial transparency. 

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Internal Audit and Risk Assurance

Bishop Fleming delivers essential Internal Audit and Risk Assurance services across public and private sectors. From personalised core compliance checks to comprehensive annual audit plans, our expert team collaborates with you to enhance your internal control framework, ensuring compliance in sectors like Education, Housing, NHS, and Government.

Our tailored reviews prioritise your specific needs, promoting resilience and informed risk management.

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Financial Reporting

We provide tailored financial reporting services, ensuring compliance with UK GAAP while offering clear, timely insights to support your business goals.

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Discover our audit process

Understanding the client

Our team builds strong relationships with clients, gaining a comprehensive understanding of their entire business—beyond just the financials—by fostering open communication and leveraging technology to enhance audit planning and execution.

 

 

Approaching an audit

We approach audits by building a tailored audit plan for your business, clearly defining team responsibilities, and utilising the right resources—whether onsite, remote, or hybrid—to work collaboratively with clients and ensure thorough testing and data accuracy.

 

 

Client Portal

The Client Portal streamlines audits by enabling secure, paperless information sharing. It allows clients to upload documents conveniently and view outstanding queries, making the process more efficient and leveraging technology for a digital audit trail.

 

 

Risk assessment

Risk assessments involve understanding the client's unique business model, systems, and controls to identify inherent, control, and detection risks and ensure accurate audit opinions by addressing both business and audit risks.

 

 

Interim audits

The interim audit, conducted before the year-end audit, allows for early testing and understanding, reduces the year-end burden on the client, and helps identify potential challenges or issues in advance.

 

 

Auditing and analysis

We provide a comprehensive assessment of material risks, swiftly auditing large data sets and focusing on journals to give management a clear view of transaction types, sizes, and opportunities for efficiency or control improvements.

 

 

Finalising an audit

We finalise the audit by reporting conclusions, ensuring all risks are covered, providing the correct opinion, and offering valuable insights and recommendations based on a thorough review of the business, with ongoing communication throughout the process.