Auditing an AIM Listed international technology Company

8 Mar 2024
  • Case Studies

Kromek PLC are an AIM-listed technology Group based in Sedgefield, County Durham with offices overseas in Pittsburgh, USA. haysmacintyre were appointed as auditors of Kromek PLC in 2020 and since then have delivered a hybrid audit, comprising both time spent on site in both Sedgefield and Pittsburgh as well as certain procedures being performed remotely.

We worked with management to devise an appropriate way of working for each audit cycle which accommodates busy periods for monthly reporting and availability. Being on site has allowed us to develop strong working relationships with the management team and Directors which has been fundamental in us meeting the expectations of the Directors.

“In common with many publicly listed companies, we engaged a Big 4 audit firm at that time and continued until 2021 when we decided to change auditor. Following a robust and competitive tender process with Tier 2 firms, we appointed haysmacintyre for the 2021 audit and they have been engaged as our Group auditor since then.

Having worked with both large international audit firms and subsequently with haysmacintyre for the last 3 years, it was definitely the right decision to appoint them. Their approach to our audit from the start was as a partner and business adviser and they have continually invested in the relationship each year. The engagement team has been largely consistent from the start with high-quality partner, manager, and field staff.”

Paul Farquah, Chief Financial Officer,