Grant Audit
Grant claims may be required to be audited by a Registered Auditor
Grants are a fantastic way to fund a project, however they tend to come with certain conditions to ensure they are spent on the agreed items. This is a separate requirement to other audits and will focus solely on the income and expenditure of the project the grant was awarded for.
After being awarded a grant, the grant claim may be required to be audited by an independent registered auditor. This gives the funding body peace of mind that the grant has been spent on the purposes agreed in the grant offer.
Friend Partnership has experience in verifying various grant claims from Arts Council England grants to local government funding.
Independent accountants report
An independent accountant’s report is commonly required for the final stages of funding to be released. An independent accountant’s report is a letter which is sent to the funding body to certify the income and expenditure is in line with the terms conditions of the grant agreement.
What is required to certify income and expenditure?
Audit testing will be performed on the income and expenditure submitted to the funding body. Various bits of information will be required to do this including:
- Payroll information
- Purchase invoices and receipts
- Capital usage
Friend Partnership’s Audit team aims to assist clients in conducting all types of audits so they are able to focus on their business interests. Our proactive services are purpose built for your business with a bespoke tailored package to meet your needs.
Make A Grant Audit Enquiry
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Contact us
+44 (0) 121 633 2000
enquiries@friendllp.com
Birmingham office:
Eleven Brindleyplace,
2 Brunswick Square,
Birmingham, B1 2LP
Registered to carry out audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales
Company registration number: 07746831