Delivering confidence with your audit
Whether you need to meet a statutory requirement or are seeking wider assurance, an audit should do more than confirm compliance. A well-planned audit can highlight risks, strengthen internal controls and provide useful insight into your organisation.
At Carpenter Box, we work with businesses and organisations to deliver efficient, high-quality audits that add value. Our approach is designed to give you confidence in your financial statements, while providing clear observations and practical recommendations.
We act for clients reporting under United Kingdom Generally Accepted Accounting Practice (UK GAAP) and International Financial Reporting Standards (IFRS).
Audits that add value
We believe the annual audit should be a constructive process, not just a compliance exercise.
Our team takes time to understand your organisation, sector, systems and reporting requirements. This allows us to focus on the areas that matter most, identify key risks and provide meaningful feedback at the end of the audit.
Once complete, we provide a clear report covering key findings, commercial observations and any areas where systems, processes or internal controls could be strengthened.
About Sumer Audit
Sumer Auditco Limited is our affiliated independent audit company, created to conduct financial statement audits across Sumer member firms in accordance with applicable auditing standards.
This dedicated structure supports a consistent audit approach across the group, with central oversight, robust quality control and strong compliance processes. It also allows audit expertise and best practice to be shared across the wider Sumer network.
For Carpenter Box clients, the delivery of audit services remains local. Your Carpenter Box Partners and staff stay closely involved throughout the process, providing accessible, partner-led support, practical sector knowledge and a clear understanding of your organisation.
Our approach is to make the audit process a positive one for your business.
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Understanding your business
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Risk assessment
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Risk-focused audit work
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Findings and recommendations
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Feedback and review
Technology to support a risk-focused audit
We use Inflo, a secure cloud-based audit and data analytics platform, to strengthen the quality and focus of our audit work.
The platform enables us to analyse full transaction populations and identify unusual items, patterns or higher-risk areas across your ledger. This means our testing can be directed towards the areas that require the most attention, supporting a more robust and informed audit.
Inflo also provides a secure portal for document exchange and audit requests, giving your team clear visibility of progress, outstanding queries and key milestones throughout the audit process.
Meet the audit team
Frequently asked questions
A statutory audit is an independent examination of an organisation’s financial statements, carried out where an audit is required by law, regulation or governing documents.
The audit provides an opinion on whether the financial statements give a true and fair view and have been properly prepared under the relevant reporting framework. It is not a check of every transaction or a guarantee that the accounts contain no errors. Instead, it provides reasonable assurance, with audit work focused on areas of risk, judgement and material importance.
Your company may need an audit if it exceeds the relevant audit exemption thresholds or if an audit is required by shareholders, lenders, group reporting requirements, regulators or your governing documents.
For financial years beginning on or after 6 April 2025, a private limited company will generally qualify as small if it meets at least two of the following:
- turnover of £15 million or less
- balance sheet total of £7.5 million or less
- 50 or fewer employees on average
Yes. Some companies choose to have a voluntary audit even when they are not legally required to do so. This can provide reassurance to shareholders, lenders, investors, management teams and other stakeholders.
An audit usually involves planning, understanding your business and systems, reviewing key risks, testing financial information, assessing controls, reviewing financial statements and reporting findings to management.
The timing depends on the size and complexity of your organisation, the quality of records, the availability of information and the agreed reporting deadline. We will agree a timetable with you before the audit begins.
A management letter summarises key findings from the audit. It may include observations on systems, controls, reporting processes and practical recommendations for improvement.
Yes. We use Inflo, a secure cloud-based audit and data analytics platform, to manage information requests, improve transparency and analyse financial data more efficiently.
Yes. We can audit groups, subsidiaries and companies with more complex reporting structures, including consolidation and group reporting requirements.
Yes. We can support with technical accounting and financial reporting matters, including new accounting standards, consolidations, United Kingdom Generally Accepted Accounting Practice (UK GAAP), International Financial Reporting Standards (IFRS) and complex transactions.
