Bigger isn’t always better: When the Big 4 aren’t the best choice for your financial audit
November 18, 2016
Financial audits provide an independent evaluation of an organisation’s reports and reporting processes to provide reasonable assurance to regulators, investors, directors and managers that financials are accurate and complete.
It’s imperative to use a financial auditor with a name you can trust, but that doesn’t necessarily mean opting for one of the Big 4 accounting firms.
In this article, we explain why you should choose a medium-sized accountancy firm like LDB for your financial audit, over the big guys.
Same quality, competitive price
The fear is that if you use a smaller auditor, the quality of the audit will decrease. It’s simply not true.
While some of the smaller firms lack the staff and training to match the service provided by the Big 4, LDB invests heavily in our staff to achieve comparable levels of audit training. We ensure that our staff keep up-to-date with all of the latest accounting and auditing standards.
For that reason, LDB’s service is on par with the Big 4, but cost-wise we are significantly cheaper. By choosing us, you get value for money. We offer the same quality of service as the larger firms, but at a competitive rate.
As a chartered firm, LDB brings high-level professionalism to every audit job. Just because you choose a smaller company, doesn’t mean you’re skimping on quality.
Access to senior auditors
LDB offers easy and regular access to our senior audit specialists, ensuring clients receive the highest standard of service.
A manager or audit partner always leads an audit on a client’s premises, so you’re sure to be in safe hands.
LDB tailors the audit to the client’s needs and aims to add value to their company, so we’re not just about compliance.
Moreover, we’ll work with you to ensure your company meets reporting requirements and compliance obligations, and we can offer advice in the event that any issues need to be rectified. We’ll lead you each step of the way so you remain in the loop about the financial status of your company.
Exceptional customer service
At LDB, we genuinely care about our clients. Each client is different, so depending on what they need, we provide that extra value to their auditing experience.
If clients come across any issues, LDB is happy to help as needed. Our team is dedicated and flexible, giving clients the ability to contact us easily and frequently, if required.
LDB also has different arms within the organisation, which means we can take care of everything in-house and can draw on the advice of a range of experts to meet a client’s needs.
Need a financial audit?
For all of your financial auditing needs, please contact LDB on (03) 9875 2900 or fill out the contact form below.