Audit in Jersey

Whether a Jersey company needs an audit depends on its type. The Jersey Financial Services Commission states that a public company must file audited accounts annually, and it describes no such duty for a private company on that page. Funds, regulated businesses and some lenders and investors can ask for audited accounts for their own reasons, even where company law does not.

Before you hire an auditor, ask what the audit is for. A bank, an investor or a regulator may set the standard, and the firm must be able to sign to it. Check also whether the firm audits companies of your size and sector, and whether it can keep audit and advisory work separate.

Audit is the narrowest service on Accountanty in Jersey, with 6 firms: 5 accounting firms and 1 corporate services provider, all large networks. Every one of them offers English, and five describe foreign owners as clients. Their sectors are mostly funds and real estate, at 6 and 5 firms respectively. Many founders start with accounting and add an auditor later. The Jersey guide covers the structure that triggers the question.