
1 minute read
FRS 102: Mastering The New Changes
- Wednesday 9th July
- 14.00pm - 15.00pm
- Online
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We help businesses with annual audits and assurance, tax structuring and returns. Our specialism is working with privately owned mid-market businesses and large or complex businesses. These include UK-based and multinational businesses, AIM listed and private equity (PE) backed.
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Audits are an annual check on an organisation’s financial situation. As a legal requirement in the UK, most businesses with turnover in excess of £10m and more than 50 employees will need to have one. It’s where an auditor checks your business’s records for accuracy, honesty and risk. It can be a laborious process. But at Cooper Parry, our award-winning audit and assurance team are out to change the audit experience.
Our industry has given audit a bad name. New clients join us expecting it to be a long, hard slog during which they’re endlessly interrogated and shamed for any tiny errors. You’re probably used to the same – a painful process year after year. But, that’s just not how we work.
We’re out to change the audit experience. We’ve created an audit process like no other focused around collaboration and technology. Unlike other accountants, we aren’t afraid to challenge the way you do things to help you achieve success.
Working with us will give you the expertise of a Big Four accountancy firm but with a more personal experience. Lots of our team have a Big Four background before moving to Cooper Parry (where the grass is much greener). Our team has depth, we’re big on customer service and our auditors have personality. It’s this approach that has won us numerous awards.
We know you’re not just looking for any old auditor. You’re looking for an audit partner with the systems, processes and relevant experience to handle your business. Yet, you’re also looking for an auditor who’s flexible, sticks to timelines and who’ll prioritise your audit amongst others. You want an adviser that understands your business and strategy as well as the regulatory requirements that you must meet. A team that has expertise in the latest accountancy standards is a necessity.
We’ll start by spending time with you to fully understand your business, opportunities, challenges and strategic aims. Then, we’ll shape our relationship, plan and timetable for the year around how you want it to work.
Having this solid foundation of understanding from the outset means we can immediately start to add insight, observations and value to our relationship to go above and beyond your expectations. We’ll deliver exactly what you need, when and where you need it.
We’ll seek feedback to constantly refine our service and improve it for you, always aiming to deliver a level of quality you’d recommend to others.
Let’s talk today
Want us to call you? Let’s start a conversation!
FRED 82 is shaking up financial reporting, bringing big changes to FRS 102 from 1 January 2026. These updates could impact 3.4 million UK businesses from lease accounting to revenue recognition.
Yep, that might include you.
But don’t worry, you’re not in this alone. Our experts are here to help you get ahead of the deadline and tackle the changes with confidence. If you’re keen to explore more, our FRED Hub has everything you need, from the finer details of the FRS 102 updates and the five-step revenue recognition model, to lease accounting and all the small print in one easy place.
Book your place at our upcoming webinar, led by our Head of Retail, Cat Kelly. She’ll guide you through what’s changing, what it means for your business, and how to stay compliant without the stress.
“Great communication.”
“Although the service we have received has been extremely good, there has been long delays in partner reviews.”
“Great relationship with Audit Partner and Audit Manager which means resolutions are reached quickly on difficult and complex issues. The accounts are put together in an efficient and well presented manner. The audit team generally adopt a logical and pragmatic approach. Only real negatives were that Kennedy audit was a more a drawn out process than perhaps it needed to be. Reconciling the consolidated accounts back to the Cooper Parry calcs was complex and there were some small discrepancies. As discussed with the Audit Partner I do have some concerns on the level of fees.”
“Great conference, helpful team and super service. Thank you.”
“The account were turned around quickly, and we were kept up to date with the progress of the audit”
“Easy communication, always get back to me promptly, provide advice when needed, like the Inflo system very user friendly.”
“The recent external audit and financial statement preparation were executed with professionalism and thoroughness. The auditor team demonstrated strong technical expertise and diligence, ensuring the process was both comprehensive and transparent. Their approach to testing, particularly in collaboration with the ASCL PD team during the first week, was highly effective and contributed to a smooth progression of the audit work, especially given its proximity to the annual conference. One area of improvement would be the timeline planning. The current schedule presents significant pressure in ensuring all necessary work is completed within tight deadlines. We have already discussed the potential benefits of moving some of the audit activities forward and setting clear dates in advance. Proactively scheduling key milestones would allow for better resource allocation and smoother execution. Another area of improvement would be the team working with their internal colleagues to check the partial VAT and advise on the changes to make for the next financial year. Additionally, the format and content of the audit findings report received positive feedback from elected officers. Its clarity and structure enabled effective review and discussion, reinforcing its value in financial oversight. Overall, the service provided was impressive, and the auditors’ commitment to delivering a high-quality review is appreciated. With a few refinements to planning and scheduling, the process could become even more efficient in future audits.”
“Great team, fit well into our office, professional approach whilst both friendly and very supportive. Pleasure to work with.”
“Communication was excellent and timely and the upload and action processes very smart and effective. Audit staff were friendly and helpful throughout the process.”
“Just very easy to deal with, all very relaxing to be honest!”