MMBA Statutory Audit Services For Legal Assurance, Financial Transparency & Stakeholder Trust
- Big 4 and Top 10 trained statutory auditors for reliable and regulation-compliant statutory audit services.
- Experienced in Statutory audits for corporate bodies, investment firms, public companies, and subsidiaries.
- We make sure your accounts show a true and fair view and meet all statutory audit requirements.
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Conducting Statutory Audits with Accuracy, Clarity, and Legal Confidence
In the UK, companies that meet certain thresholds or operate in regulated markets must legally conduct statutory audits. These audits are important to make sure that your financial statements are accurate. Moreover, it also makes sure that your records are complete, and your business is compliant.
At MMBA, our statutory audit services is more than mere ticking legal boxes. We deliver an audit work that supports financial clarity, investor confidence, and good governance. No matter where you belong to; a public company, a corporate body, or an investment firm that operates under the Financial Instruments Directive; our experts make sure that your accounts are independently reviewed and accurately reported.
We understand that audits can be disruptive, which is why our team works with minimal interruption to your operations. Furthermore, we maintain full independence and rigour. We make our approach according to your company’s size, structure, and sector-specific statutory obligations.
What Makes Our Statutory Audit Services Stand Out?
- Understanding of UK corporate audit law
- Registered statutory auditors knowing international standards
- Objective audit opinion based on detailed financial analysis
- Clearly communicating with you throughout the audit process
- Assurance that your accounts show a true and fair view
- Different approach for different sectors and business models
- Trusted by fast-growing companies and UK subsidiaries
Why Choose MMBA Statutory Auditors?
Choose MMBA if you are looking forward to
We Understand Statutory Obligations
If you’re a private firm near to the audit threshold or a large corporate body, we understand the statutory audit requirements specific to your organisation.
Expertise Across Sectors
Our statutory auditors have supported businesses in property, real estate, medical, technology, and the traveling sector. We understand the dynamic nature of today’s business world. For clients in regulated industries, our financial services audit team ensures full FCA and UK GAAP compliance.
Big 4 & Top 10 Trained Audit Team
We bring experience from global firms to our statutory audit services being offered. Our registered auditors apply best practices and audit frameworks that experts use across international and UK audit environments.
Efficient Audit with Minimal Disruption
We balance flexibility and efforts. Our audit process meets the tight reporting timelines and also the stakeholder demands without causing business interruptions.
Independent, Objective Assurance
We maintain full auditor independence. Meanwhile, we also work collaboratively with your finance team. Our audit opinion is built on detailed evidence and it is fair and unbiased.
Real Value Beyond the Audit
We don’t just audit for compliance but offer proactive advice that improves your reporting, controls, and stakeholder confidence. Our audit and assurance services further strengthen governance and ensure long-term transparency.
Talk to MMBA’s Statutory Audit Experts
Speak with our registered statutory auditors today if you need a reliable statutory audit for your company!
The Reason our Customers Adore Us..
Statutory Audit Clients We Support
MMBA supports a wide range of businesses subject to statutory audit requirements. Moreover, we understand the stakeholder expectations; thus, our audits keep your business aligned with UK law. Our Statutory Audit Services Include
Full Statutory Audit for Legal Compliance
We conduct statutory audits for companies that meet the legal thresholds or operate in regulated sectors. Our team makes sure of full compliance with audit regulations and produces independent auditor’s reports. We also do legal audit under Companies Act and International Standards on Auditing (UK), with a true and fair view of verification of financial statements. Alongside our statutory audits, we also provide external audit services to strengthen financial transparency and regulatory assurance.
Review of Accounting Records and Internal Controls
Assessment of the internal control environment and accounting systems behind your financial statements is important. Our experts assess them and then identify material misstatement risk and strengthen compliance. At MMBA, we thoroughly test the internal controls and evaluate the accounting records.Our compliance audit services help ensure your internal controls meet FCA and Companies Act standards.
Audit Readiness and Preparation Support
We help prepare businesses which are approaching their first statutory audit (or undergoing organisational change). We make sure that your records are audit-ready. Also, we align those with statutory records. We do pre-audit checks and compliance gap analysis and review the balance sheet items and accounting treatments. Lastly, we map audit evidence for efficient delivery
Who Need Statutory Audit Services?
Statutory audit services are required for:
- Large companies meeting two of three size thresholds
- All Public Limited Companies (PLCs) regardless of size.
- Companies whose governing documents or shareholder agreements demand audit
- UK subsidiaries of large groups for group reporting
- Businesses receiving public funding or grants that require an audit
- Charities exceeding income or asset thresholds, or where trustees/funders require it
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MMBA’s Statutory Audit Resources and Knowledge Base
The MMBA Accountant offers a fantastic opportunity to stay updated with the most recent news and guidance
FAQs for Statutory Audit
What is a statutory audit?
A statutory audit is a legally mandated review of a company’s financial statements and records to verify accuracy and compliance with laws and regulations.
Which companies are required to have a statutory audit?
For financial years beginning on or after 6 April 2025, a company may qualify for audit exemption if it meets at least 2 of these 3 conditions: annual turnover of £15 million or less, a balance sheet total of £7.5 million or less, and 50 or fewer employees on average.
Companies that do not qualify for an exemption generally require a statutory audit. Some companies must be audited regardless of their size, and an audit may also be required by the company’s articles or shareholders.
If you are unsure whether your company needs an audit, check your audit position using our audit eligibility tool.
What is the difference between statutory and non-statutory audits?
The difference between statutory audits and non-statutory audits is that statutory ones are required by law, while non-statutory audits are voluntary. Also, non-statutory audits are often conducted for internal or stakeholder assurance.
How long does a statutory audit take?
It depends on the size and complexity of your business. MMBA offers timely audits with clear timelines and minimal business disruption.
Do chartered accountants provide non statutory audit services for different businesses?
Yes, our chartered accountants and chartered certified accountants offer non statutory audit services tailored to various businesses, including those dealing in electronic money and insurance market activity, helping meet stakeholder requirements efficiently.