Statutory audit
Statutory audit plays a fundamental role in the successful management of any bank, particularly when audit teams can establish effective working relationships based on mutual trust and respect with key players within a bank, including management, non-executive directors and other advisers. Our approach to statutory audit ensures that these relationships are developed and maintained throughout our engagement with you.
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Our experience
Our specialist team has significant experience in providing statutory audit to domestic banks, UK subsidiaries and branches of international banking groups, investment firms, fund managers, special purpose vehicles and property investors.
How we can help
We have a unique, integrated structure that allows us to put together cross-border teams under a single engagement partner. Our approach to audit is robust and challenging. We do not shy away from face-to-face discussion and challenge on audit issues – we have all the technical processes and procedures clients would expect of an international firm, but our partners do not hide behind them.
We follow a partner-led client service. We do not make a habit of changing your team once it has engaged with you – it is the norm for the partner who starts working with you to stay with you as long as current rotation rules allow.
We provide
- statutory audit services to domestic banks as well as UK subsidiaries and branches of international retail, investment and private banking groups;
- statutory external audit services to investment firms, fund managers, special purpose vehicles and property investors;
- due diligence reviews, transaction support and capital raising;
- project finance and financial modelling services;
- assurance services to Central Banks internationally that include diagnostic reviews on both key banks within their jurisdictions and on their own departments, as well as assurance services in relation to deleveraging assignments;
- independent review of clients’ internal audit functions in line with internationally accepted standards and guidance; and
- tax structuring, compliance and advisory services, including fund structuring, international tax and transfer pricing services.
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