Exploration & Production: Case Study 6

Background

Adapting our audit plan due to the COVID-19 pandemic.

Prior to the UK lockdown, an annual Assurance audit for a large multinational Energy client had already been brought forward at the client’s request, with signoff required by the end of April. Through some juggling at a busy time of year, we were able to adapt our resourcing to fulfil this request. However as lockdown restrictions began to be imposed, we had to adapt our service to fit into the clients Business Continuity Plan and to safely complete the audit within the agreed timescale.

Our Approach

  • Adapted our resourcing quickly to make sure the resources were available for us to complete the audit timely, despite lockdown restrictions and the AAB team working from home
  • Maintained regular communication with the client as we worked to completing the Audit virtually
  • Implemented our existing digital technologies to their full potential to ensure maximum efficiency of processes

The Benefits to the Client

  • The client was able to focus on maintaining wider business performance and safety in the wake of the COVID-19 pandemic
  • They received continuous updates from the team and were given plenty of advanced warning of any actions needed by them
  • There were no delays to the Auditing process, and the audit was executed successfully and on time

The Plus Factor in Action

We helped our client make money by minimising additional costs by ensuring no major delays throughout the audit.

We saved our client time by operating efficiently as a team despite working remotely, mapping out the involvement needed from the client and exactly when this was required.

We gave our client piece of mind by quickly proving virtual auditing was possible, and that we were equipped to meet the deadline and tackle any issues.

We supported our client now and, in the future by showcasing the team’s discipline, enthusiasm and responsiveness to challenges, and that we have the resources available to help our clients through crisis.

Click here to read the client testimonial.

The plus factor in action

"Thank you to the AAB team, and in particular Lauren ...

Coulters Property

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“There are huge benefits to using this multi-disciplinary firm. When ...

Milmor Properties Ltd

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"Different Class! I became a client of AAB approximately a year ...

Steve Bonsor

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“Coming back to the UK after many years spent living ...

John Bannerman

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“I have been looked after by the Private Client Tax ...

Bruce Ferguson – Group Finance Director …

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"The same Private Client individuals have looked after my personal ...

Jon Murphy

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"My relationship with AAB has grown as the business has ...

Alex Wiseman

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"Members of my family company, Robert Duthie and Sons Ltd ...

Robert Duthie and Sons Ltd

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"When I decided to embark on Inheritance Tax planning, I ...

James Thom

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"I was faced with both the scary and depressing realisation ...

Anonymous

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"The Private Client Tax Department at Anderson Anderson & Brown ...

DR

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“I’m sure I’m not the only one who usually works ...

Nicholas Auld

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"I have been very much looked after by the Private ...

Joanna Robertson

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"I have been a personal tax client of AAB for ...

Peter Williams

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"AAB provide invaluable support and assistance, working closely with us ...

Mackie Ramsay Taylor

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"At CLP we've worked with AAB since setting up the ...

The Commercial Law Practice

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“I have been a client of AAB for a few ...

Niall Webster

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I got in touch with the Private Client International Team ...

Offshore Income Assistance

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"We have an excellent relationship with AAB formed over 7+ ...

Stanley & Evelyn Morrice

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"Upping sticks and moving overseas to work/set up home, is ...

Fraser Louden

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