Jersey Audit Services - Recognised Auditor

Jersey Audit Coverage

Acumon is a prominent UK Chartered Accountants practice. We maintain Jersey-regulated audit licences that have been authorised by the Jersey Financial Services Commission. Our Jersey audit offering includes:

• Jersey public and private limited companies, plus limited liability partnerships
• Charities registered in Jersey
• Jersey subsidiaries within international corporate groups
• Specialised sectors needing Jersey audit provision

Our Jersey audit services support your organisation's compliance with UK and Jersey legal obligations.

Efficient Jersey Audit Process

We simplify audit procedures and reduce administrative overhead by:

• Immediate access to London-based audit experts and necessary documentation
• Reliable audit team availability allowing:
  • Adaptable scheduling to match your business needs
  • Completion within demanding deadlines

Clear Jersey Audit Communication

We ensure open communication during the audit engagement via:

• Weekly progress updates
• Open access to senior audit personnel
• Immediate access to technical audit experts

Audit Information Access

Our specialist client audit portal provides data upload facilities and our Inflo digital audit platform will aid:

• Tracking queries and emails
• Quality management
• Client collaboration
• Data analytics – to automate general ledger drill-downs

Audit Experience

• We audit businesses with UK turnover ranging from £2m to £500m, including recognised names like Sharp Electronics, Linguaphone, and Kuoni.
• Our client portfolio encompasses:
  • Public limited companies, private limited companies, partnerships, and LLPs
  • Charitable organisation audits
  • UK subsidiary audits for international corporate groups

Jersey Audit Capabilities

• We can address your London audit requirements with our team of experienced auditors.
• Over 50% of our audit professionals have backgrounds at top-4 and top-5 firms.
• We operate as a full-service registered practice.
• Based in West London with multiple office locations, we conduct audits throughout the UK and Jersey.

Sophisticated and Regulated Sector Audits

We deliver complex audits for entities trading sophisticated financial instruments or operating in heavily regulated sectors including:

• Public Interest Entities. We hold Financial Reporting Council authorisation.
• Banking Institutions
• Investment structures such as funds
• Venture Capital Trusts
• Gaming Operators
• Securitisation Structures

Meeting Your Jersey Regulatory Compliance Requirements

Our audits meet Jersey regulatory compliance requirements and also when required:

• Financial Reporting Standards (FRS) 102, 102 Section 1A, 103, 104, 105 (GAAP is FRS 102)
• International Financial Reporting Standards (IFRS) and FRS 101
• International Auditing Standards (IAS)

We're regulated by ICAEW.

Audit Case Studies

• During a recent Jersey audit engagement, our team discovered that the client had overlooked claiming their Employer's National Insurance allowances. We successfully recovered these allowances for the past four tax years, resulting in substantial cost savings for the client.
• One Jersey client required an urgent audit completion within a two-week timeframe from initial contact. With limited availability for meetings, we utilised remote access to their financial systems and completed the audit with minimal disruption to their operations. The audit report was finalised and submitted ahead of the statutory deadline, maintaining our rigorous quality standards throughout.
• Through our audit process, we identified that a Jersey client held valuable intellectual property rights. Our subsequent tax planning assistance enabled them to achieve significant tax savings, reducing their tax liability by 9% on relevant profits over a six-year period.

*Acumon is positioned among the leading UK accountancy firms, having been only £37k short of the top 100 in the Accountancy Age 50+50 list for 2024. Since publication, there have been significant market consolidations; Acumon has continued to grow organically and through strategic acquisitions. Our substantial client base and PIE audit license demonstrate our capability and market position.