Grant audit and auditor’s report
Grant audit by an independent accountant.
If you receive a grant, you must account for how it is spent. In addition to your own accounts and records the grant provider often asks for an audit by an external, independent accountant. To ensure that the compliance and audit process runs efficiently, ffiqs works together with Grant Assurance, a service provider specialised in grant audits. Together with Grant Assurance, we coordinate the process and prepare the work, so that you do not have to worry about whether your grant administration is properly accountable.
What if you do not meet the grant requirements?
Both grant accountability and the auditor’s report are bound by certain rules. These rules relate, among other things, to the composition of the grant administration (what must you record) and the period within which you must provide the accounts. If you do not comply with these rules, it can have serious consequences for the grant funds you are awarded. The specialised accountants at Grant Assurance, who both carry out grant audits and issue grant audit statements, can take this worry off your shoulders.
The benefits of cooperation between ffiqs and Grant Assurance
We regularly receive calls from companies or organisations that have an acute problem with the accountability of their grant administration. To avoid this happening, we work together with Grant Assurance who:
have extensive experience and a proven track record in grant audits
communicate transparently and via short lines
deliver the grant statement on time.
The advantages of this cooperation for you can be summarised in three words: quality, fast, compliant.
Would you like to know more about grant audits?
Do you need an audit of your grant project or do you have another compliance issue? Please contact one of our specialists using the contact form below.