International services
ACCA Quality Review Support and Outsourced Audit Work for UK Firms
WDS helps UK accountancy practices pass ACCA monitoring and quality reviews by reviewing audit files, updating methodology and preparing audit working papers under ISAs (UK). We helped an established UK firm move from an unsatisfactory to a satisfactory ACCA rating.
How does the regulatory environment in United Kingdom affect your finance function?
Smaller UK audit practices face ACCA and ICAEW monitoring visits that test files against ISAs (UK) and ISQM (UK) 1. A poor outcome can lead to follow-up visits, conditions on registration or loss of audit rights.
Offshore audit support has become a practical way for UK practices to manage workload while keeping partner review in the UK.
UK audit opinions remain the responsibility of your registered auditor. WDS works under your direction as an outsourced resource.
Key regulators in United Kingdom
- Financial Reporting Council (FRC)
- Sets auditing standards and oversees audit quality.
- ACCA and ICAEW
- Recognised supervisory bodies that monitor registered auditors.
- HMRC and Companies House
- Tax administration and company filings.
What WDS provides for clients in United Kingdom
Monitoring visit preparation
Mock reviews and remediation plans before the ACCA or ICAEW visit.
Audit Quality Review for FirmsOutsourced audit file preparation
Working papers prepared to your methodology for UK partner review.
Audit Quality Review for FirmsFRS 102 and IFRS advisory
Technical accounting support on complex transactions.
Financial Reporting and IFRSOutsourced accounts production
Year-end accounts and management reporting.
Outsourced CFO and Business Advisory
Cities we support in United Kingdom
Working with WDS in United Kingdom
Can you work within our existing audit software?
Yes. We work in the client firm's own methodology and software through secure remote access, so files remain on your systems.
How do you protect client data?
Engagements are covered by confidentiality agreements, and work is performed on the firm's own systems wherever possible to keep data within your controls.
Your first consultation is free.
A partner will review your requirements and outline a clear path forward. No sales pitch, no obligation.