UK AUDIT REFERRAL

A UK audit partner for your clients' UK entities

When an overseas client has a UK subsidiary, branch or group entity that requires a statutory audit, Ballards delivers the UK engagement, keeps you informed throughout and operates within the scope you set.

Every referral enquiry receives a response within 24 hours.

The position you're in

A UK audit requirement rarely arrives at a convenient moment.

The statutory threshold has been triggered, parent reporting now requires an audited UK figure, or a financing, investor or compliance process has surfaced the obligation. Your client expects you, as their principal adviser, to take responsibility for resolving it. As an overseas firm, you cannot sign the UK opinion yourself.

What you need is a UK partner who can take the engagement cleanly, deliver to the required standard and to your group timetable, communicate clearly across time zones, and respect the wider relationship you hold with the client.

Ballards is designed to be that partner. Operating for over 45 years, we work regularly with overseas accountancy firms whose clients hold UK entities, and our approach is built around the specific demands of cross-border referral work: technical UK audit capability, disciplined scope, structured communication and a strict separation between the UK engagement and your wider client relationship.

HOW WE WORK

How we work with referring firms

With over 45 years' experience, we work regularly with overseas accountancy firms whose clients hold UK entities. Our approach is built around the specific demands of cross-border referral work.

Scope agreed in writing, before any client contact

We agree scope, timetable, deliverables, communication channels and the basis of our engagement with you before any approach is made to the client.

A named partner and engagement director on every referral

You will know who to contact, and you will receive direct partner involvement throughout, not only at the close.

Communication structured the way you want it

We agree at the outset how communication flows: directly between Ballards and the client, through you, or a combination. We update you on progress, points raised and resolution at the frequency that suits you.

Practical, considered delivery

We use early planning, senior involvement and modern audit techniques to keep the engagement proportionate and efficient. The UK audit is delivered to the required standard, on time, and without unnecessary complexity.

Defined scopE

Defined scoped Protected relationship

When you refer UK work to another firm, you need confidence that the relationship with your client will not be put at risk.

We have never broadened the scope of a referral engagement without the referring firm's prior agreement. This commitment is non-negotiable.

Your scope, nothing more

Our engagement is the UK audit work you refer to us. We do not broaden the engagement scope or introduce wider Ballards services to your client without your prior agreement.

Communication on your terms

Where requested, communication with the local finance team is coordinated through you, or with your knowledge. The wider group relationship remains yours throughout the engagement and beyond.

Built on experience

This is how we have worked with referring firms throughout our history of international audit work. It is the foundation of every referral relationship we hold.

Defined scopE

Defined scoped Protected relationship

When you refer UK work to another firm, you need confidence that the relationship with your client will not be put at risk.

We have never broadened the scope of a referral engagement without the referring firm's prior agreement. This commitment is non-negotiable.

Your scope, nothing more

Our engagement is the UK audit work you refer to us. We do not broaden the engagement scope or introduce wider Ballards services to your client without your prior agreement.

Communication on your terms

Where requested, communication with the local finance team is coordinated through you, or with your knowledge. The wider group relationship remains yours throughout the engagement and beyond.

Built on experience

This is how we have worked with referring firms throughout our history of international audit work. It is the foundation of every referral relationship we hold.

SCENARIOS

When overseas firms refer UK audits to Ballards

Most referrals from overseas accountancy partners fall into one of three situations.

Your client has a UK subsidiary that requires a statutory audit

The UK audit threshold has been triggered, or the parent group requires audited UK financial statements for reporting, banking or investor purposes. As an overseas firm, you cannot sign a UK audit opinion. We deliver the UK statutory audit under FRS 102, IFRS or UK GAAP as required, working to your group reporting timetable.

Your client's UK entity has an overseas finance function

The UK subsidiary is administered from outside the UK, with finance, payroll and accounting handled by the parent group's team or a regional shared service centre. We provide UK audit oversight, instruction, review and sign-off, working alongside the overseas finance team and taking direct responsibility for UK-specific areas including statutory accounts, payroll, VAT and corporation tax positions.

Your client has a UK holding company

Where you have been engaged as group auditor and a UK component requires a separate UK statutory audit, we act as UK component or statutory auditor, coordinate with you on ISA 600 requirements, and deliver the UK opinion to the agreed timetable.

WHAT WE COVER

UK capabilities we can provide alongside the audit

Where useful to your client and approved by you in advance, we can deliver wider UK compliance and outsourced finance support alongside the audit.

Any additional service is discussed with you first. Nothing is offered to your client without your agreement.

UK compliance and advisory services

  • UK statutory accounts preparation under FRS 102 or IFRS
  • Corporation tax compliance and advisory
  • UK payroll and PAYE
  • VAT registration, compliance and advisory
  • Outsourced finance and management accounting
  • Corporate finance and transaction services
  • Company secretarial and Companies House compliance.

testimonials

Working with us

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Ballards were appointed as group auditors in 2023, taking over from a large firm. The business has a UK parent company but the majority of operations are located overseas. We had experienced delays in our audit process for the last number of years due to a lack of staff availability at the outgoing audit firm, particularly where delays at component level led to us missing our planned slots with them at group level and then we often had to wait for several weeks for staff to become available again. With Ballards as group auditors, the process felt much more flexible, with staff available as and when they were needed to progress the audit.

The Ballards management team also made themselves available to us for regular progress calls, and in the run up to sign off there was clearly a lot of effort that went in to achieving the sign off deadline from their side. We felt that they worked with us to ensure the audit went smoothly whilst also maintaining a good level of challenge so we could have confidence in the output of the audit. Our management team and our private equity funders are all very pleased with how the process went.
CFO
c. £100m turnover European group
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Ballards were appointed as UK group auditors in 2024 to take care of our statutory audit required in the UK. The group prepares a consolidation in our home territory and hence the UK consolidation was just needed for compliance purposes. We found Ballards to be efficient in the process and they worked collaboratively with management and with our local group auditors. Rather than just be a compliance function, we also found they added value too, helping increase our compliance with UK regulations and inputting positively into our local consolidation.
Finance Director
c. £1bn turnover European group
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Get in Touch

Refer a UK audit enquiry

If your client has a UK entity that requires a statutory audit, or you need a UK signing partner for a component within a group engagement, we will respond to your enquiry within 24 hours.

Let's talk
Refer an enquiry
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