The role of audit and assurance in the financial services sector
20/01/2025 Audits are a cornerstone of the financial services sector, ensuring transparency, compliance, and trust in an industry where accuracy and accountability are paramount. Drawing on Gravita’s vast experience in audits in the financial services sector, this article explores why audit and assurance are essential for financial services firms, the challenges they face, and […]
What tech companies need to know about having an audit
For technology companies, having a financial audit isn’t just about compliance—it’s a strategic tool that can drive growth, build investor trust, and identify key opportunities for improvement. Here, our audit team highlights why audits are vital and how they can benefit your tech business. Table of Contents Why should tech companies prioritise having a financial […]
Healthcare and life sciences: why having an audit matters
For organisations in healthcare and life sciences, financial audits are more than a compliance exercise. They’re an opportunity to strengthen internal processes, build trust with stakeholders, and navigate the complexities of a rapidly evolving industry. Here, our audit team addresses why having an audit is crucial and how your organisation can benefit. Table of Contents […]
Your guide to the audit process: answering common questions
Audits play a crucial role in the financial health and integrity of a business. Whether you’re running a small start-up or a large enterprise, understanding audits can bring clarity and confidence to your financial operations. Gravita’s audit team answers some of our most frequently asked questions about audits. Talk to us Table of Contents What […]
Are you ready for the new company size thresholds?
Written by Audit Partner, Joseph Brewer The UK’s corporate reporting landscape is about to undergo a major shift. With new regulations set to increase company size thresholds starting 6th April 2025, businesses must prepare for the ripple effects. Here’s what you need to know and how your company can navigate the change. What’s changing? […]
MIFIDPRU: Does my FCA firm require an audit?
Is your organisation registered with the Financial Conduct Authority (FCA)? And does it fall within the definition of a MiFID investment firm? If so, you should be aware of the MIFIDPRU regulations and the potential impact on your organisation. To cut to the chase, under MIFIDPRU, there may be a requirement for your firm […]
Empowering auditors to engage with digital assets
This article was written by Appold. In September 2024, the Institute of Chartered Accountants in England and Wales (ICAEW) published a report titled ‘Considerations for Auditing Cryptocurrencies’. This report recognised the importance of expert knowledge in the financial audit of firms which utilise cryptocurrencies. Whilst the ICEAW states that the report is not intended as a […]
The 12 Days of Audit: a checklist for a stress-free process
Written by Audit Partner, Joseph Brewer Preparing for an audit may seem daunting, but with a clear plan, it becomes an opportunity to refine your processes, gain valuable insights, and ensure your financial records meet professional standards. This 12-step checklist serves as a practical guide to make your audit season as smooth and efficient as […]
IFRS Accounting for Natural Resource Exploration: A Refresher
Written by Audit Partner, Joseph Brewer As leading auditors for SME businesses involved in natural resource exploration—including those listed on AIM and AQSE—we frequently provide guidance on the correct application of IFRS. The standard that governs this area is IFRS 6, but confusion often arises regarding its applicability and the proper application of its rules […]
Utilising Independent Auditor’s Experts in Blockchain-related Audits
This article was written by Appold on 27 August 2024. The number of companies holding or transacting in digital assets continues to grow rapidly. A 2023 report showed that 65% of institutional investors expected to buy digital assets in the coming years¹. In addition, at Appold, we have observed an increase in enquiries from a […]