Quotation Estimate Auditor in United Kingdom London –Free Word Template Download with AI
Professional Auditor Services — United Kingdom London
Ref: QE-AUD-LON-2025-0472 | Issued: 14 June 2025
This Quotation Estimate is issued by Meridian Audit & Assurance LLP to provide Thameside Holdings Limited with a comprehensive and itemised financial projection for the engagement of a qualified Auditor to conduct statutory and internal audit services. All services described herein will be delivered in accordance with the standards set by the Institute of Chartered Accountants in England and Wales (ICAEW) and the Financial Reporting Council (FRC) within the jurisdiction of United Kingdom London. This document constitutes a formal Quotation Estimate and does not represent a binding contract until countersigned by both parties.
The appointed Auditor will perform the following duties for the financial year ending 31 March 2026, operating primarily from our offices in the City of London and at the client's premises in United Kingdom London:
- Statutory audit of the consolidated financial statements in compliance with UK Companies Act 2006 and International Standards on Auditing (ISAs) as applied in the United Kingdom.
- Internal control review and risk assessment across all operational divisions headquartered in London.
- Compliance verification against HM Revenue & Customs (HMRC) reporting obligations and FCA regulatory requirements.
- Forensic audit support for any identified irregularities or suspected fraud within the United Kingdom London business operations.
- Preparation of the Auditor's Report and management letter to be delivered to the Board of Directors.
- Advisory consultations (up to 20 hours) regarding internal governance frameworks and audit committee recommendations.
| Ref | Description of Auditor Service | Hours | Rate (GBP) | Amount (GBP) | VAT (20%) |
|---|---|---|---|---|---|
| 01 | Planning & Risk Assessment — Initial engagement of the Auditor, scoping meetings in London, and development of the audit strategy document. | 40 | £185.00 | £7,400.00 | £1,480.00 |
| 02 | Fieldwork — Substantive testing, sampling of transactions, and verification of balances conducted at the client's London offices and our United Kingdom London headquarters. | 120 | £165.00 | £19,800.00 | £3,960.00 |
| 03 | Internal Audit & Control Review — Evaluation of internal controls, segregation of duties, and IT general controls across all London-based entities. | 60 | £175.00 | £10,500.00 | £2,100.00 |
| 04 | Compliance & Regulatory Reporting — HMRC, FCA, and Companies House filings preparation and review within the United Kingdom London regulatory framework. | 35 | £195.00 | £6,825.00 | £1,365.00 |
| 05 | Auditor's Report & Management Letter — Drafting, review, and finalisation of the statutory Auditor's Report and accompanying management letter. | 25 | £210.00 | £5,250.00 | £1,050.00 |
| 06 | Advisory & Governance Consultation — Up to 20 hours of strategic advisory sessions with the Audit Committee in London. | 20 | £225.00 | £4,500.00 | £900.00 |
| 07 | Travel & Local Expenses — Travel within the United Kingdom London metropolitan area, parking, and incidental costs. | — | Fixed | £1,200.00 | £240.00 |
| Subtotal (Excl. VAT) | £55,475.00 | £11,095.00 | |||
| Grand Total (Incl. 20% VAT) | £66,570.00 | ||||
- Validity: This Quotation Estimate is valid for a period of sixty (60) calendar days from the date of issue. Upon expiry, rates and availability of the designated Auditor team may be subject to revision.
- Payment Terms: Invoices will be issued monthly in arrears. Payment is due within thirty (30) days of the invoice date. Late payments will attract interest at the rate of 4% above the Bank of England base rate, as permitted under the Late Payment of Commercial Debts (Interest) Act 1998.
- Confidentiality: All information provided to the Auditor in the course of this engagement shall be treated in strict confidence in accordance with the Data Protection Act 2018 and UK GDPR, as applicable in United Kingdom London.
- Professional Indemnity: Meridian Audit & Assurance LLP maintains professional indemnity insurance with a limit of not less than £10,000,000, as required by the FRC for audit firms operating in the United Kingdom.
- Independence: The Auditor and all team members confirm their independence in accordance with the FRC Ethical Standard. No non-audit services that would impair independence will be provided without prior written consent.
- Governing Law: This Quotation Estimate and any resulting contract shall be governed by and construed in accordance with the laws of England and Wales. Any disputes shall be subject to the exclusive jurisdiction of the courts of United Kingdom London.
- Force Majeure: Neither party shall be liable for failure to perform obligations due to events beyond reasonable control, including but not limited to acts of God, government regulation changes in the United Kingdom, or civil unrest in the London area.
By signing below, both parties acknowledge that this Quotation Estimate accurately reflects the agreed scope, fees, and terms for the engagement of the Auditor for the services to be performed in United Kingdom London. This document, once executed, shall form the basis of the formal engagement letter to be issued within five (5) business days.
For and on behalf of Meridian Audit & Assurance LLP
Name: Sarah J. Pemberton, FCA
Title: Managing Partner & Lead Auditor
Date: ______________________
For and on behalf of Thameside Holdings Limited
Name: David Whitmore
Title: Chief Financial Officer
Date: ______________________
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