Companies that meet two out of the three criterias  will need to carry out a statutory audit.

  • Companies who have a turnover of over £10.2 million excluding VAT.
  • Companies who have assets worth more than £5.1 million
  • 50 employees or more on average

Therefore, most companies are not required by statutory to have an audit although there are other reasons as to why a company may want an audit carried out.  For example;

  • Regulatory body requirement in your industry/sector
  • Shareholders request
  • Lenders requirement
  • Grant claims requirement
  • Preparation for the sale of your business
  • Assurance for business information

As registered auditors we are able to perform audits for your company.  Yes! has audit experience in the following sectors.

  • Charities (schools)
  • Corporate
  • Pension Schemes
  • Solicitors’ Regulation Authority (SRA)



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Yes Accountants Ltd, Registered Auditors and Business Advisers.  Registered office address: Kemp House, 152-160 City Road, London, EC1V 2NX – Tel: 020 7689 7527 - Company registration no. 08552774 - VAT registration no: 164 8254 91.  Yes Accountants Ltd is registered as auditors in the United Kingdom by the Association of Chartered Certified Accountants.