Audit
Financial services audits
Expert accountants for financial services audits and advisory
Audit, tax, and regulatory support built around your business needs
With deep expertise in the financial services industry and a strong understanding of FCA and PRA regulations, we are trusted advisors to regulated businesses. Our team is equipped to handle the evolving challenges of the sector, offering high-quality audits, accounting, and tax services to rapidly growing and complex companies. We deliver pragmatic solutions to meet your specific needs and ensure compliance while supporting your growth.
Our audits are risk-based, focusing on key risks to ensure a quality audit that complies with requirements. We take a disciplined approach to risk management, combining robust tools and efficient processes to deliver transparency, efficiency, and proactive communication throughout.
Specialists in CASS audits, multi-jurisdictional operations, and FCA compliance
At Gravita, we have a long history of auditing banks and financial institutions, including those that provide corporate and trade finance, derivatives, securities, and treasury services. Many of these institutions have multiple offices worldwide and require our expertise to meet their complex auditing needs. We fully support them utilising our global network, DFK International; the 6th largest association worldwide of independent accounting firms and business advisors.
We also specialise in auditing clients with Client Asset Sourcebook (CASS) permissions. Our experienced team carries out CASS audits (including CASS 5 for Insurance Distribution Activity, CASS 6 Client Assets and CASS 7 Client Money), providing the FCA with an independent view of your firm’s compliance with the CASS rules. We understand the critical importance of safeguarding client money and client assets and help firms navigate the CASS environment with confidence.
Safeguarding audits for e-money businesses
The increasing demand for digital payment solutions has resulted in a rise in e-money providers. At Gravita, we have the expertise to carry out both the statutory audit and safeguarded audits for e-money businesses, ensuring compliance with regulatory frameworks governing digital transactions and the protection of customer funds.
We can meet regulated reporting deadlines and plan our resourcing ahead of time to avoid delays. Our team is familiar with FCA rules, regulations, terminology, and expectations, ensuring your audit runs smoothly and efficiently.
Auditing banks, e-money providers, and regulated firms
We have a long history of auditing banks and financial institutions, including those that provide corporate and trade finance, derivatives, securities, and treasury services.
We also specialise in auditing clients with Client Asset Sourcebook (CASS) permissions, including CASS 5, CASS 6 and CASS 7.
Gravita works with a range of regulated businesses including:
- Fund managers
- Banks
- Brokers
- Insurers and reinsurers in run off
- Financial and investment advisors
- Foreign exchange bureaus
- Hedge funds
- Stockbrokers
For more information about our Audit service, click our document below.
Full service support beyond the audit
We are your trusted partner for bookkeeping, returns, tax, and advisory, all under one roof. As a full service firm, Gravita offers a range of services beyond auditing. We assist regulated entities with bookkeeping, regulatory return assistance, tax advice, and succession planning. Our understanding of FCA and PRA requirements allows us to deliver these services with precision, helping your financial services business maintain compliance while optimising performance. Should you require any additional services, we have the expertise under one roof to meet your evolving needs, allowing you to focus on what matters most: growing your business.
A seamless audit experience, every time
We pride ourselves on delivering seamless transitions for new audit clients. Our team is on hand to make the onboarding and audit process as smooth as possible. As part of our commitment to adding value, we include pragmatic suggestions for improvement within our audit reports by identifying opportunities, potential risks, and areas for operational enhancement.
Trusted auditors for regulated entities
Gravita’s specialist AIM audit, accounting, advisory and tax team know how heavily the UK capital markets, and their stakeholders, rely upon accurate and timely financial information. Having this experience and drawing on expertise is critical to the smooth running of the audit.
Gravita works with a range of regulated businesses including:
- Fund managers
- Banks
- Brokers
- Insurers and reinsurers in run off
- Financial and investment advisors
- Foreign exchange bureaus
- Hedge funds
- Stockbrokers
Our Financial Services team
Our Financial Services team, led by Dan Rose, brings a wealth of experience and expertise to every client engagement. Dan has dedicated much of his career to understanding the intricacies of financial services regulations and how they impact businesses. His leadership ensures that our team provides targeted, practical advice to clients in the most efficient and effective way. The wider FS team also has decades of experience in the sector, bringing unique insights and expertise from a range of different backgrounds. This extensive experience is a key advantage for our clients, allowing us to understand not just the regulatory landscape but also the business challenges and opportunities specific to financial services organisations. The teams accountable for delivering engagements are guided by a shared sense of responsibility to uphold the highest standards of independence and quality.
Our audit team
Dan Rose, Financial Services Audit Partner
Dan Howarth, Financial Services Audit Partner
Katherine Wilkes, Audit Partner
Bashir Khan, Audit Partner
Sarah Wilson, Audit Partner
Joseph Brewer, Audit Partner
Robert Kirtland, Audit Partner
Jan Charlesworth, Audit Partner
Jenny Cessini, Audit Partner
James Lole, Technical and Compliance Partner
Ready to get started?
Fill out the form and one of the team will be in touch as soon as possible to discuss how we can help.
Latest Audit Insights
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Written by Accounts Partner, Rachel Jackson If you’re part of a growing, more complex business now subject to external audit, you’ll already know how much more rigorous the process becomes. Audit expectations rise. Deadlines tighten. Documentation is scrutinised. And yet, the accounts preparation step is often overlooked. That’s a missed
Understanding IFRS 18 and its impact on smaller AIM listed companies
Written by Audit Partner, Joseph Brewer IFRS 18 will reshape the income statement. Are you ready for the changes? In April 2024, the International Accounting Standards Board (IASB) published IFRS 18 – Presentation and Disclosure in Financial Statements. It introduces significant changes to how companies present their financial performance.
What our survey of CFOs reveals about making audits work better
Written by Audit Partner, Sarah Wilson Across two recent events, Gravita asked 28 CFOs a straightforward but crucial question: “What does ‘good’ look like?” when it comes to audits. Their answers provided a fascinating snapshot, revealing not only how finance leaders genuinely feel about audits, but also pinpointing the biggest
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What makes us different
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We have high calibre experts. Our team has years of experience and academic backgrounds meaning you’re dealing with seasoned professionals.
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We’re tech-enabled, but human-led. There are no robots here, just our talented team who use tech to work more efficiently with you.
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We look beyond the balance sheet. We don’t just do the job in hand, we’ll actively work with you and offer advice to help you grow.
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We cover everything in the world of accounting. Ranging from everyday financial worries to complex business challenges.
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We can grow as you grow. Our service is designed so you can scale our team up or down to suit your needs.
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We understand time is money. It’s why we provide real-time financial data which can help you capitalise on opportunities, plan better and grow faster.