HOME WHAT WE DO ABOUT US NEWS OUR PEOPLE CAREERS GET IN TOUCH CLIENT PORTAL 

Rowleys / Pension Fund Audits ENQUIRE

PENSION FUND AUDITS

Pension schemes vary greatly in their size and complexity, and there is often a
public interest element to them. This, combined with the speci c requirements
and regulations, means that using a specialist is absolutely essential to ensure
proper governance.
We are experienced in accounts content and auditing pension schemes of all
sizes with our portfolio ranging from single member schemes to substantial
de ned bene t schemes containing thousands of members and signi cant net
assets.
We recognise that each scheme has bespoke requirements, so we work alongside
Trustees to gain a full understanding of the scheme in order to ensure they meet
their statutory obligations and reporting requirements in accordance with the
pension scheme regulations and accounting standards.
We can provide as much or as little assistance, working alongside your other
advisers, administrators and investment managers, to help Trustees interpret
the guidance provided by the relevant Statement of Recommended Practice
(SORP).
We spend a great deal of our time during audit our undertaking reviewing the
background, activities, objectives and administration of the scheme, including:
Governing documents and actuarial reports;
Contribution schedules
Scheme membership numbers and allocation into active, deferred and
pensioners
Trustee meeting Minutes
Correspondence with The Pensions Regulator
Accounting systems, books and records and the adequacy of controls over
key risks
Investment reconciliations and custodian arrangements
The valuation of investments and transaction movements
Peripheral factors that could be of material signi cance to The Pensions
Regulator
The pensioner payroll and a review of a sample of member les
Bene t calculations, authorisation procedures and bulk transfer
agreements

We take a risk-based approach to our audits and have developed comprehensive
pension audit programmes and disclosure checklists that our team apply to
identify and focus on key risk areas to ensure we have reasonable assurance to
support the audit opinion that your accounts are free from material
misstatement, whether caused by fraud, error or omission.
Having an in depth understanding of the mechanics of a pension scheme enables
us to identify any weaknesses or speci c risks in the nancial procedures, as well
as the impact of any instances of noncompliance. We can then recommend
improvements in governance, and ensure you deliver audited nancial
statements within seven months of the scheme year end.

We understand that pension schemes are unique and require speci c training
and expertise, and that’s why our team is determined by their experience of
working with such audits. This, in turn, provides further natural e ciencies as
accumulated know-how is applied.

Whilst we will always need information and explanations from the Trustees as
part of the process, we endeavour to carry out our work with the minimum of
disruption. Ease of access to relevant data is key to our planning and
investigation, but we can provide you with a schedule of the information we need
at the audit outset, providing you with plenty of time to collate the necessary
paperwork.


NAVIGATION ACCOUNTS LEGAL & AUDIT BUSINESS & TAX CONTACT US

Home Audit & accounts Wills Taxforce ™ Tel. +44(0)116 282 7000
What we do Cloud accounting Trusts Total Business Direction Email: post@rowleys.biz
About us Corporate nance Estate planning Small business start ups Address
News Charities & not for pro t Probate Research & development Charnwood House,
Get in touch Payroll & auto enrolment Pension fund audits Harcourt Way,
Meridian Business Park,
Careers
Leicester
Download our app
Client Privacy Notice
Contact Privacy Notice

WEBSITE BY NINE DOT MEDIA

Registered with the Institute of Chartered Accountants in England & Wales to carry on audit work in
the UK and Ireland, regulated for a range of investment business activities and licensed to carry out
the reserved legal activity of non-contentious probate in England and Wales. Registered with the
Institute of Taxation as a rm of Chartered Tax Advisers. Associate Directors of the rm are not
Directors of The Rowleys Partnership Limited and are not subject to the obligations and
responsibilities of directors within Part 10 of the Companies Act 2006.

Details of our audit registration can be viewed at www.auditregister.org.uk and details of our probate
registration can be viewed at www.icaew.com/probate, both under reference number C001486455

Copyright © The Rowleys Partnership Ltd 2017 Accountants in Leicester