UK Audit Firm Regulatory Compliance
Comprehensive regulatory compliance and audit standards for finance leaders
Regulatory Oversight
Acumon UK Limited operates under the regulatory oversight of the Institute of Chartered Accountants in England and Wales (ICAEW) and the Financial Reporting Council (FRC). This dual regulatory framework ensures that our audit services meet the highest standards of professional practice and regulatory compliance.
For CFOs and Finance Directors, this means you can be confident that our audit engagements are conducted in accordance with the most rigorous professional and regulatory standards, providing assurance to stakeholders and regulatory bodies.
Compliance Framework
Our audit services are fully compliant with the comprehensive regulatory and professional standards framework that governs UK audit practice. This ensures that your financial statements meet all statutory and regulatory requirements while providing the assurance your stakeholders expect.
Companies Act 2006
Full compliance with statutory audit requirements under the Companies Act 2006, ensuring your company meets all legal obligations for financial reporting and audit.
UK GAAP & IFRS
Comprehensive expertise in Financial Reporting Standards (FRS) 102, 102 Section 1A, 103, 104, 105, and International Financial Reporting Standards (IFRS) including FRS 101, ensuring your financial statements comply with applicable accounting frameworks.
International Auditing Standards
Adherence to International Standards on Auditing (ISA), including ISA 315 (risk assessment), ISA 600 (group audits), ISA 700 (auditor's report), ISA 800 (special purpose frameworks), ensuring robust audit quality.
Charity SORP
Specialised expertise in Charity Statement of Recommended Practice (SORP), ensuring charity and not-for-profit organisations meet sector-specific reporting requirements and regulatory expectations.
SOC 1 & SOC 2 Reporting
Capability to provide SOC 1 and SOC 2 reporting, essential for organisations requiring assurance over internal controls and service organisation controls, particularly relevant for technology and outsourcing arrangements.
ISQM 1 & 2
Compliance with International Standards of Quality Management (ISQM) 1 and 2, demonstrating our commitment to maintaining a robust system of quality management and engagement quality control.
International Audit Licences
In addition to our UK regulatory authorisations, Acumon UK Limited holds regulated audit licences for Jersey and the Isle of Man. This enables us to provide audit services to entities incorporated in these jurisdictions, supporting international group structures and cross-border operations.
For CFOs and Finance Directors managing international operations, this capability ensures consistent audit quality and regulatory compliance across multiple jurisdictions, simplifying your group audit requirements.
Why Regulatory Compliance Matters
Stakeholder Confidence
Regulatory compliance demonstrates your commitment to transparency and good governance, enhancing confidence among investors, lenders, and other stakeholders.
Risk Mitigation
Working with a fully compliant audit firm reduces regulatory risk and the potential for compliance issues that could impact your organisation's reputation.
Market Access
Compliance with international standards and multiple regulatory frameworks enables your organisation to operate effectively in global markets.
Quality Assurance
Our adherence to ISQM 1 and 2, combined with FRC oversight, ensures that our audit processes are subject to rigorous quality controls.
Comprehensive Compliance Expertise
Our comprehensive regulatory compliance framework ensures that your audit engagement meets all statutory, regulatory, and professional requirements.
Additional Information
Acumon UK Limited is also accredited by the Institute of Chartered Accountants for England and Wales to administer probate, demonstrating our broader professional capabilities beyond audit services.
For detailed information about our audit services and regulatory compliance, please visit our Audit Firm page or contact us.