Many grant audits require an audit report to confirm the funds have been spent per the agreement of the grant.
We ensure costs are reported and monitored on in the correct way and advise on internal systems to ensure wages and other costs are allocated correctly to the project.
Through proper planning, we make sure once the project is finished, the report can be signed off quickly without compromising on quality.
Solicitors’ Accounts Rules.
Compliance with the Solicitors’ Accounts Rules (SAR), to ensure that clients’ monies are comprehensively safeguarded, is a key priority for every practice.
We have a team of professionals experienced in preparing annual SAR reports, providing assurance to the Solicitors Regulation Authority that solicitors are operating in line with required protocols.
Due to working with our clients throughout the year, we develop enhanced knowledge and understanding of their practices, which supports a streamlined SAR reporting process and minimum disruption to business activities when the report is prepared.
As well as preparing the annual SAR report, our holistic approach allows us to identify any deficiencies in systems and controls and suggest improvements to enable your business to become more efficient and function more effectively.
Whether it is a full scope external audit or a one-off piece of advisory work, you will receive the benefit of our extensive experience of internal and statutory auditing in the Credit Union sector.
Audit and Accounts
To ensure you’re compliant with CREDS and various credit union regulations, we’ll prepare and review your accounts and handle all enquiries from HMRC. We’re trained to undertake external and internal audit functions, which means we can save you the worry over getting this right, especially as our service is tailored to your exact needs.
We can help take away some of the worries of compliance reviews from the PRA by reviewing your systems, controls and reporting environment and setting an action plan for any improvements that need to be made.
Our unique strategic sessions enable the main decision-makers to agree collectively on a plan for the future. We act as a facilitator to get you to understand the strategy, set your vision, review your strengths and weaknesses, and set key strategic objectives.
Client Assets (CASS).
If your business is regulated under the client asset rules issued by the Financial Conduct Authority, you’ll know all about the requirement to undergo regular compliance reviews.
We understand that meeting the requirements of those rules effectively and efficiently is essential to the success of your business.
Our approach is to make sure we understand how you’re meeting that requirement, to examine and assess that approach and, most importantly, to critically but objectively challenge that approach to ensure that your business is not only complying but doing so in the best way to move the business forward.
Post Maxwell in the early 1990’s the regulation of pensions was significantly enhanced and the compliance obligations on pension trustees became significantly more difficult, particularly for managers of smaller schemes.
Now overseen by the Pension Regulatory Authority, we understand that trustees face regular compliance reviews without necessarily being experts in the requirements of those regulations.
Our approach is to guide you through the critical compliance requirements, including the one for year-end accounts, and the key external factors affecting the scheme to ensure that the trustees are in the best position to take the necessary actions to manage, grow and safeguard members benefits.
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Sedulo Audit Limited is registered with ICAEW as a member firm for AML supervision and for audit licence purposes.