Annual accounts for small companies no longer require an audit. Instead the directors have to acknowledge their responsibilities for keeping proper accounting records and preparing accounts within the small companies’ regime.
I had previously been a registered auditor, but did not renew this when I founded my current practice in 1995. I have kept in touch with the reporting requirements of SME’s since so I am able to guide directors through their responsibilities. My clients know that I would not let them sign the report if there was any reason why they should not do so.