Being fully aware that company pension schemes were coming under close scrutiny ahead of further compliance under the auto-enrolment scheme, our long-standing client Lakeland Laboratories Ltd appointed LWA for the auditing of their pension fund in 2012 as an additional service.
Led by our Director, Steve Collings, our team work with senior staff at Lakeland as well as various stakeholders including Investment Managers and the Actuaries to understand their methods in calculating figures, as well as consider their internal controls over information produced for our client.
After carrying out the audit planning, we ensure that subjective numbers in the accounts stand up to scrutiny, for example, valuations placed on investments and bonds etc., and where needed, recalculating various figures to ensure they are accurate and up to date by referencing changes in market values of investments.
The benefits that the management team at Lakeland Laboratories receives is that they can be certain their pension scheme’s accounts are not materially misstated, and that consideration has been given to a wider variety of information rather than just the numbers.
Commenting on our auditing services, Colin Mallard, Finance Director and Lakeland Laboratories Limited says “We transferred our audit and accounts preparation from KPMG over 10 years ago. Since that time LWA have provided other services and I trust in LWA to provide me with the expert and up to date advice and services required for my business.”
Whether your pension procedures and investments need a review or you’re considering moving your entire auditing and accounts to a provider with a globally accredited Technical Director, you can ensure you’re in safe hands with LWA. Visit the Accounting Services page to find out more, and to learn about Steve’s contribution to the accounting industry, go to http://stevecollings.co.uk/.