A practice compliance review can help you find out how compliant your firm is with the ICAEW’s Practice Assurance scheme, or the ACCA’s Quality Checked scheme, and is the ideal way to find out whether your firm is adhering to best practice procedures, before the monitoring team arrive!

In addition to remaining compliant with Practice Assurance / Quality Checked, best practice procedures can help your practice to run more efficiently, help to cut down on unnecessary time and costs, and therefore improve your profitability.

During a practice compliance review, we’ll review the procedures you have in place throughout your office, and can help you to design systems and controls that minimise your risk exposure, maximise your quality, with the minimum amount of effort on your part.

The review covers:

The general office systems and procedures Audit systems and procedures The accounts systems and procedures Tax systems and procedures (personal and corporation tax) VAT systems and procedures Payroll systems and procedures Systems and procedures for cash flow forecasts and management accounts Financial services systems and procedures Insolvency systems and procedures Systems and procedures for consulting work

Call 0800 2800 433 for more details or to arrange a review

The review will rate your firm against a typically poor, adequate, and excellent control system. You’ll also be provided with a comprehensive report containing recommendations on those controls that should be implemented to reduce your risk to an acceptable level.

 

Why choose SWATuk to undertake your practice compliance review?

• We are recognised by both the ACCA and ICAEW as a reputable provider of external reviews, meaning you can be confident that we will review your procedures fully in accordance with the professional standards, ensuring you’re not left exposed in the event of a visit.

• Following your review, you’ll be provided with a comprehensive written report within 2 weeks , detailing our findings as well as any action points and/or recommendations arising from the review, at no extra charge.

• During the review, we’ll endeavour to identify ways to help your practice run more efficiently, help to cut down on unnecessary time and costs, and therefore improve your profitability.

• Our in-house team of technical consultants have vast and valuable experience gained from working in practice and visiting many client firms.

 

Carry out your own practice compliance assessment

If you prefer to carry out your own self-assessment of your systems, you may find our Practice Compliance Assessor software beneficial. Click here for more details.

 

How much does a practice compliance review cost?

Prices for our reviews start from just £1030+VAT per on-site day (or £927+VAT for SWATuk Full Member firms) plus expenses. As with all of our reviews, you’ll also receive a detailed report following the visit at no extra charge, setting out our findings and any recommended improvements to your procedures.

 

More information and bookings

For more information on any of our reviews, or to arrange a review, call us today on 0800 2800 433