David Lindon & Co are registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales.
Increasing audit thresholds have meant that fewer companies are legally compelled to prepare audited accounts. However despite its reputation as something best avoided, there remain a number of instances where a business may require or benefit from the services of a registered auditor:
- a company that meets the criteria for audit exemption may still be required to prepare audited accounts if requested by its members;
- increasingly in these difficult times, we are finding that some investors (existing or potential), banks and other lenders, suppliers and even customers are seeking the extra assurance as to creditworthiness and financial probity that is provided where accounts are independently audited;
- some business sectors may require the services of an auditor either through statutory requirements (such as the preparation of a service charge certificate as required by the Landlord and Tenants Act 1985) or where required by a regulatory professional body (such as the audit of client money held by solicitors as required by the Solicitors Regulation Authority);
- due diligence reviews for a business acquisition or internal audit reviews.