How much does an audit report cost?

How Much Does an Audit Report Cost in the UK?

If you're running a business in the UK and facing a statutory audit for the first time, one of the first questions on your mind is likely: how much will it cost? While there's no one-size-fits-all answer, typical audit fees in 2026 vary significantly based on the size and complexity of your business.

For small to medium enterprises (SMEs) with annual turnover between £1 million and £15 million, audit fees generally range from £6,000 to £12,000. Mid-sized groups, often with multiple subsidiaries or international operations, can expect to pay between £15,000 and £35,000. Meanwhile, complex organisations—especially listed companies or those with intricate financial structures—may see fees start at £40,000 and rise substantially depending on the workload.

Several key factors influence the final price. Turnover is a primary driver—larger revenues mean more transactions to verify. Structural complexity, such as multiple entities, cross-border activities, or group consolidations, also adds to the effort. Sector plays a role too; highly regulated industries like financial services or healthcare often require deeper scrutiny. Finally, the quality of your preparation can make a big difference. Well-organised records, clear documentation, and responsive teams help auditors work efficiently—potentially reducing your costs.

It’s worth noting that while audit fees are a necessary expense for compliant reporting, they’re not just about ticking a box. A high-quality audit can highlight financial risks, improve internal controls, and even strengthen investor confidence. So rather than focusing solely on cost, consider the value of working with a firm that understands your business and delivers insight, not just compliance.

Ultimately, the price of an audit reflects the work involved—but smart preparation and the right partner can keep it both effective and manageable.