State-authorized auditing that goes far beyond the audit report
Auditing can do much more than just keep you compliant. To us, statutory auditing is not merely a box-ticking exercise. We are proactive in identifying weaknesses in your internal controls and minimizing operational risks.
State-authorized auditing is more than just a rubber stamp
For many companies, statutory audits are a necessary evil. The traditional auditor provides a standard audit report and disappears until the next financial year. That is a complete waste of strategic potential. The management already knows the financial figures; it is the underlying operational insight that protects your bottom line.
At Lorentzen & Partners, we stress-test your business procedures, identify weaknesses in internal controls, and report concrete, actionable recommendations for operations, process optimization, tax planning, and financial risk mitigation. You get more than just a bulletproof audit report—you get real business value.
The value of state-authorized auditing. Executed strategically.
Bulletproof audit report
We perform statutory audits in accordance with international ISA standards or the Danish Business Authority’s standard for extended review, providing an auditor's report that maximizes stakeholder confidence.
Identifying operational risks
We stress-test the company's internal controls and business procedures. You will receive documented recommendations for process optimization and risk mitigation.
Forward-looking strategic sparring
Historical data is merely the foundation. We transform audit insights into actionable knowledge that supports your company's strategy.
Agile process & proactive communication
Avoid the classic auditor bottleneck. We reconcile your accounts on an ongoing basis and report discrepancies immediately, ensuring that your audit and year-end closing proceed without any surprises.
Optimal level of assurance engagements
A full audit isn't always the most cost-effective solution. We map out your company's actual compliance requirements and advise you on the most profitable choice between an audit, a review, or an assistance engagement.
Dedicated state-authorized partner
You get a dedicated, state-authorized partner who knows your company's business model inside and out. You eliminate the internal wasted time spent annually re-training a revolving door of junior auditors from large accounting firms.
For comparison
Audit from L&P
- Business-aligned integration: We have a deep understanding of your business model and provide proactive, strategic guidance throughout the entire financial year.
- Actionable operational data: We are transforming the audit process from a formal compliance exercise into a data-driven management tool for executive leadership.
- Proactive risk mitigation: We continuously stress-test internal controls and neutralize potential operational risks before they impact the bottom line.
Compliance audit
- Superficial compliance check: The audit is conducted as a reactive checklist exercise, lacking any real understanding of the company's strategic objectives.
- Focus on minimum requirements: The purpose of this review is solely to satisfy the formal requirements of the authorities in order to issue an endorsement.
- Reactive troubleshooting in hindsight: Errors, weaknesses, and discrepancies are only discovered at year-end, by which time the financial damage has already been done.
From initial scoping to the final auditor's report
Our audit process is designed to provide management with full transparency regarding the timeline, ensuring a predictable and seamless process leading up to the annual general meeting.
Strategic risk assessment
We begin with a methodical analysis of the company's business model, internal controls, and historical financial data. The goal is to precisely map complex transactions and specific risk areas prior to the audit itself.
Scoping & Declaration Choices
We define a tailored audit strategy with a fixed, transparent budget. You receive an impartial, legal assessment of the most profitable level for your compliance requirements – whether that entails a full audit, extended review, or a standard review.
Execution & Endorsement
The audit is executed strictly in accordance with current ISA standards to minimize the burden on your internal finance team. The result is the state-authorized auditor's report, accompanied by the delivery of an action-oriented audit report for the executive board and board of directors.
Results speak louder than promises
We can tell you what we deliver, but it is our customers' experiences that show whether we actually make a difference to their business.
Is state-authorized auditing the right strategic move for you?
Our audit services are tailored to companies that require the absolute highest level of financial validation and risk management. L&P is the right partner for those who:
Have exceeded the thresholds for mandatory auditing and require full statutory compliance. Are facing complex corporate transactions such as M&A (acquisitions/divestitures), mergers, demergers, or restructuring. Face non-negotiable requirements for an ironclad auditor's report from external stakeholders (banks, investors, or a professional board of directors).
Are you instead running a company without a formal audit requirement, where the need is focused on the preparation of statutory annual accounts or routine operational bookkeeping? In that case, our specialized compliance and operations departments will deliver the highest ROI for you:
Q&A for Auditing
Does my company need to be audited?
It depends on the size of the company, its legal structure, and whether there are requirements from the bank, investors, or the board. We will review what applies to your situation and determine whether a full audit, an extended review, or a standard review makes the most sense for you.
What does an audit cost?
It depends on the size of the company, its complexity, and how well the accounts are maintained. We provide a fixed price after our first conversation, so you know exactly what it costs before you decide.
What is the difference between an audit, an extended review, and a review?
They provide different levels of assurance and vary in cost. An audit is the highest level and is required by statutory regulations. An extended review is an alternative for smaller companies, while a review provides limited assurance. We will advise you on what is right for your situation.
What if I already have an accountant?
Switching is easier than you think. We contact your current accountant, collect the materials, and take over the process. All you have to do is say the word.
How long does the audit take?
It depends on the size and complexity of the company, but we plan well in advance and keep you updated every step of the way. You won't be left with an unfinished audit as the deadline approaches.
What makes you different from a large audit firm?
You get the professional weight of a state-authorized partner, without becoming just another file in the pile. You have one dedicated auditor who knows your company, and you experience the audit as a conversation, not just a handover.
Can you audit groups or companies with subsidiaries?
Yes. We audit both individual companies and groups, coordinating across subsidiaries so you have a single point of contact throughout the entire process.
A modern accounting firm with a business mindset
Lorentzen & Partners combines the professional expertise of a large accounting firm with the personal touch of a boutique office. We are more than just a compliance body; we are a proactive sparring partner who is always available to take your call and has an in-depth understanding of your business.
Dedicated partners per client
Total experience
Annual reports
Clients we're on a first-name basis with
Member of
Our memberships in FSR and Kreston are your assurance of fully updated, quality-assured advice backed by a strong international network of experts.
Ready for a review you'll actually get value from?
Book a no-obligation meeting and let's look at your audit together. We'll review your setup and give you a clear picture of what a partnership can do for your bottom line.
We take care of your finances so you can focus on your business.
We have in-depth knowledge of the market's leading accounting and payroll systems. This means you avoid cumbersome system migrations and instead get a seamless solution that works from day one.
We combine auditing, accounting, tax, and strategic consulting under one roof, with an approach that is personal, professionally robust, and tailored to the business you run.
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