An FCA Client Money review is an assessment of the quality of work carried out on an FCA Client Money assurance engagement, taking into account the extent of compliance with the FRC Client Assets Assurance Standard.
An FCA Client Money file review features a detailed review of the working papers of an FCA Client Money engagement, to provide an assessment of and feedback on the quality of the work. This review can be carried out for limited assurance, reasonable assurance and hybrid assurance engagements under CASS 5 or CASS 7.
FCA Client Money file reviews can be carried out either at your office or remotely. The number of files we can review during the visit will depend on the size and complexity of the assignments and whether they are limited, reasonable or hybrid assurance engagements.
The review will include a discussion of key findings and areas for improvement, either face-to-face (for reviews at your office) or by telephone / video call (for remote reviews). You will receive a comprehensive written report offering practical recommendations on how to improve the quality of the work, ensure compliance with the applicable sections of the FRC Client Assets Assurance Standard and where applicable, this will also highlight areas where the efficiency of the engagement may be improved.
While we're on site, we can carry out multiple reviews—giving you more value from our experts in one visit.
Most of our reviews can also be completed remotely, get in touch to discuss how we can help you
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