Statutory Audit Services — Independent Assurance You Can Rely On
Independent, rigorous, and commercially-minded audit services across Nigeria, the United Kingdom, and Canada.
Overview
About This Service
A statutory audit is more than a regulatory obligation — it is an opportunity to surface financial risks, validate internal controls, and demonstrate transparency to investors, regulators, and stakeholders. Prioclen's audit practice brings an independent, rigorous, and commercially-minded approach to every engagement. Our team combines technical audit excellence with deep sector knowledge across Nigerian, UK, and Canadian regulatory frameworks — including FRC standards (UK), FIRS/CBN requirements (Nigeria), and CPA Canada guidelines.
Key Benefits
Independent validation of financial statements and controls
Identification of risk and compliance gaps before they escalate
Enhanced credibility with investors, lenders, and regulators
Expert guidance across FRC, FIRS/CBN, and CPA Canada frameworks
Sector-specific insights from an experienced audit team
Timely delivery with minimal disruption to operations
What's Included
Multi-Jurisdictional Audit Expertise
Deep expertise in FRC standards (UK), FIRS/CBN requirements (Nigeria), and CPA Canada guidelines — enabling seamless cross-border audit engagements.
Risk-Based Audit Methodology
Our risk-based approach ensures audit effort is focused where it matters most — on the areas of highest risk and financial significance.
Internal Controls Assessment
Every statutory audit includes an assessment of internal controls, with actionable recommendations for improvement delivered in our management letter.
Our Process
Planning & Scoping
We understand your business, sector, and risk profile to develop a focused, risk-based audit plan.
Fieldwork & Testing
Our team conducts thorough fieldwork, testing transactions, controls, and estimates with precision.
Review & Reporting
We review findings, discuss with management, and issue the statutory audit report and management letter.
Products & Offerings
Annual Statutory Audit
Group & Consolidated Audit
NGO / Non-Profit Audit
Regulatory Compliance Audit
Interim Audit & Review
Special Purpose Audit
Internal Controls Assessment
Audit Readiness Consulting
Frequently Asked Questions
Which organisations are required to have a statutory audit?
Requirements vary by jurisdiction. In the UK, limited companies above certain size thresholds must be audited. In Nigeria, all limited liability companies are required to appoint auditors under CAMA. In Canada, requirements depend on corporate structure and shareholder agreements. We can advise whether your organisation requires a statutory audit.
How long does a statutory audit take?
Typical audits of small-to-medium organisations take 4–8 weeks from fieldwork start to report issuance. Larger or more complex engagements may take longer. We work with your team to agree a timeline that suits your reporting deadlines.
Ready to get started?
Request a no-obligation proposal. Our team will respond within 24 hours.
Key Deliverables
- Statutory Audit Report
- Management Letter
- Internal Controls Assessment
- Audit Completion Checklist
Ready to Discuss Your Statutory Audit Services Needs?
Request a tailored proposal and our team will reach out within 24 hours.