Auditing services introduction

Trust, professionalism & experience


Why audit?

Approach

Case Study: Typical client – auditing services

Guide to Business Services including auditing

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.