Independent Financial Advisers
Having acted for IFAs over many years we are well placed to guide you through the complex regulatory requirements imposed by the Financial Conduct Authority. We help you to establish straightforward but robust systems to ensure that your practice can always demonstrate compliance with these obligations.
Many FCA regulated firms require a statutory audit even though they would normally have a small company exemption under the Companies Act 2006. The rules for FCA firms are complex and it is not always obvious when an audit is or is not required. We can help you establish whether your firm requires a statutory audit as a result of its FCA registration.
Even if your firm doesn’t require a statutory audit, you may still need a Client Money and Custody Asset (CASS) Assurance Report. The CASS client money rules are a complex and detailed area and the type of report required depends on your firm’s activities and permissions. We have considerable experience delivering quality, relevant CASS Assurance Reports. With our in-depth understanding of the rules and how they can impact on your firm we tailor our work to your needs whilst ensuring compliance with FCA regulations.
Whether you requite a full, statutory audit or a CASS Assurance Report, there are strict reporting deadlines making it vitally important to act early so that your company meets the FCA timelines and avoids the risk of penalties.