Reviews & Audits

How do you measure up?

There’s always room for improvement and sometimes it’s difficult to measure how you are doing.

We provide service audits and reviews to many organisations and they take several different formats.

If you’re not sure how you stack up financially or you need to assess your service strengths and weaknesses, then we can help you understand what needs to be done to realise your objectives.

Popular Services

Strategic ReviewComprehensive operational and financial position audits, leading to an audit report and strategic plan recommending how service delivery can be improved to better meet the needs of your consumers.

Financial AuditsUses financial records to identify overcharging, labour irregularities, erroneous charges, and purchasing discount retention to reveal the true level of earnings realised by the service provider.

Best Value ReviewIndependent verification of service charges and whether they offer true value for money. Identification of internal controls that need improvement, with an options appraisal for how these might be delivered.

Efficiency ReviewA health-check rating the quality and effectiveness of service delivery. We use readily available data to make performance audits and evaluate end-user experience, highlighting key areas for improvement.

Options AppraisalWe listen, then, following a detailed site visit, we use our experience to set out a variety of options aimed at delivering improvements to cost, quality, and financial position.

Outcomes

After any audits or review, you can expect improvements in the quality and cost effectiveness of your service – either through a re-negotiated arrangement with your provider or via a market testing project.

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Audit & Reviews project reports

FAQs

What types of audits and reviews does Litmus Partnership offer?

At Litmus Partnership we offer strategic reviews, financial statements audits, best value reviews, efficiency reviews, and options appraisals.

What’s included in a strategic review?

Our procedures for audits involve a comprehensive operational and financial assessment of your financial statements and internal controls with a strategic plan for service improvement.

How do you go about obtaining audit evidence?

Our audit procedures involve evaluating our client’s financial statements, financial records, internal controls, and other evidence and financial information to best improve your financial position.

How do financial audits help my organisation?

Financial audits evaluate your company’s financial statements and other accounting records to identify overcharging, labour irregularities, erroneous charges, and purchasing discount retention, revealing true service provider value.

What are the benefits of a best value review?

Using your company’s financial information it independently verifies the service charges and value for money while highlighting key areas where there’s room for improvement.

What can I expect after audits or reviews?

Our vested approach ensures improvements in service quality and cost-effectiveness. This can be achieved through renegotiation with providers or via market testing projects.

What financial statements do Litmus need to perform audits?

It will depend on whether it’s financial audits or performance audits. Our detailed process for an external audit typically uses data such as accounting records, financial statements, and previous internal audit data to analyse finances and verify conformance. An audit conducted on performance will require other operational effectiveness data in addition to financial information.