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EXTERNAL AUDITS... A FORTUS GUIDE
16 September 2021
Quality and efficiency’s key to our approach when it comes to audits. Commitments are delivered with continuously open and regular communication. We prefer to know what’s happening in real time, so we can proactively advise on your position. To achieve this, we place a dedicated relationship holder with each client, who’s available at all times to answer any queries, as well as hold progress meetings throughout the year.
SUPPORTING YOUR ASSOCIATION
The annual corporate audit for the association – required to ensure the regulatory standards are upheld and to report to the members.
The service charge audit – required to be compliant with leases and industry best practice.
Our team are sector specialists. They live and breath Service Charge, having built their experience specifically performing audits for the Service Charge accounts. Our team work with long standing, tried and tested methods to issue individual audit reports for each development or estate managed. Our technique’s tailored to meet not only compliance standards, but also included added value feedback as standard. With a high standard of accuracy throughout, this reduces queries and legal challenges, promoting trust from residents.
WORKING WITH YOUR AUDIT & RISK COMMITTEE
We can attend Board or Audit & Risk Committee meetings, and provide valuable insight through the likes of your latest risk assessment register, the internal audit findings. With this input, it allows the team to fit seamlessly into your overall risk management framework. If you require advice around performance management, strategy or other private matters, our team can take part in confidential, ‘in-camera’ sessions to offer technical support on any decisions.
HOW CAN WE HELP?
- Document and evaluate the organisation’s systems, policies, and procedures.
- Review your risk register and risk management strategy documents.
- Review recent internal audit reports and understand the approach of internal audit in addressing the effectiveness of the internal control system.
- Meet key Board Members and Officers to open clear channels of communication and foster trust and confidence in the external audit.
These actions are covered annually to identify any changes and their impact on our audit and the general control environment.
We’re here to ensure your organisation’s compliant and working as efficiently as possible.