This guide breaks down the meaning of a statutory audit in the UK, why it exists, and its core steps. It covers planning, fieldwork, and the audit opinion, it shows the limits of reasonable assurance and distinguishes audits from independent examinations. You will learn who typically needs one, how stakeholders use results, and readiness tips—ledger tie‑outs, control documentation, and viability assessments. The piece is neutral, non‑advertorial, and relevant across sectors, highlighting regulatory needs and confidence.