ISA 600 (Revised): what it means for group audits
04/02/2025 Written by Audit Partner, Jenny Cessini ISA 600 (Revised) is effective for audits of financial statements commencing for periods on or after 15 December 2023. For most companies, this means the new standard will apply for the first time to financial year-ends on 31 December 2024. The revisions bring significant changes, with a […]
Charities: Why Having an Audit Matters
For charities, financial audits are more than a regulatory obligation. They’re a chance to build trust, improve operations, and demonstrate accountability to stakeholders. Gavita has a dedicated charity audit team, Here, we explain why having an audit can be a powerful asset for your charity. Table of Contents Why should charities prioritise having a financial […]
The role of audits in the property sector
The property sector operates within a highly complex and regulated environment. With large financial transactions, intricate ownership structures, and stringent compliance requirements, audits play a critical role in maintaining transparency, ensuring accuracy, and fostering trust among stakeholders. Here, our audit team explores the significance of audits for the property industry and highlights how they address […]
The role of audit and assurance in the financial services sector
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 how […]
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. Table of Contents What is an audit? […]
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 […]