Auditing
approach
We work with our clients’ management
to resolve any audit issues, with the aim of working towards
providing an unqualified opinion, which is commonly seen as
an endorsement to the company’s credibility and financial
security.
Although
we do not owe third parties a duty of care, we are aware that
reliance is placed on our audit report and we work hard to
provide a transparent statement on the truth and fairness
of the company’s financial statements.
A Linn Maggs Goldwin audit
Every
Linn Maggs Goldwin auditing client is visited by the Managing
Partner or Audit Manager, depending on the needs of the individual
corporate client.
Each client’s audit starts with a planning visit. Here
the audit is discussed and its production assessed. This meeting
will be at the client’s premises and will usually be
held with the Finance Director or Financial Controller, or
the owner/manager in smaller businesses.
In addition to this planning visit, audit field visits are
arranged, where our team of auditors carries out agreed work
on the client’s premises. This table shows what level
of visits is generally required, although clearly each client
and the sector in which they operate will require different
levels of service.
| Turnover |
>
£1M |
>
£5M |
>
£10M |
>
£20M |
| Visit
Days |
1-3 |
3-8 |
5-10 |
8-15 |
| ‘People’
days |
1-5 |
5-15 |
10-20 |
15-25 |
After our auditing process is complete, we
discuss our findings with the client. If any issues have arisen,
especially if the report should carry a qualification from
us regarding the accounts, we work with the client to resolve
these areas of concern and find solutions to the problems
we have highlighted. |