Modern-slavery-act

Modern Slavery Act Statement for the Financial Year 2020

This statement is made on behalf of Crowe U.K. LLP and pursuant to section 54(1) of the Modern Slavery Act 2015. 

Crowe U.K. LLP is a Limited Liability Partnership incorporated in England and Wales with company number OC307043.  Crowe U.K. LLP is a leading audit, tax, advisory and risk firm.  The Firm is regulated by the Institute of Chartered Accountants In England and Wales and the Financial Conduct Authority. Crowe U.K. LLP has eight offices, based in England, and although it provides services to business located in the USA and elsewhere, the majority of its business is conducted with UK based clients. The annual turnover for the year to 31 March 2020 was £94 million.  Further details, including the address of the registered office, are available on the website.

Crowe U.K. LLP is also the UK Member of Crowe Global, a network that consists of more than 200 independent accounting and advisory services firms in over 130 countries around the world. All of these firms are involved in the provision of accountancy and related services and most are similarly regulated by professional bodies in their own jurisdictions.

This statement relates to actions and activities of Crowe U.K. LLP during the financial year to 31 March 2020.

Services

The services Crowe U.K. LLP provides to its clients are predominantly office or site-based at clients’ premises (sites being, for the most part, located in the UK).

The large majority of its work is undertaken by its own people. Crowe U.K. LLP’s professional service supply chain consists, on the whole, of other regulated professional service firms and individuals. Its assessment is that this represents a very low risk of anyone supplying it with services being involved in slavery and/or human trafficking. As a result of this assessment, Crowe U.K. LLP has not identified a need to take any additional action with regard to such relationships.

Additionally, on the occasions where Crowe U.K. LLP contracts others to assist in the provision of services, the firm takes steps to ensure it has any required accreditations and are appropriately qualified. Given the nature of these relationships and the fact that they are predominantly UK-based, Crowe U.K. LLP also deems them very low risk and so considers that there are no additional steps required over and above its supplier approval processes.

This year the firm has nevertheless amended the firm’s Risk Manual, a policy document which applies to all partners and employees, to make specific reference to the Modern Slavery Act and the firm’s position on improper business conduct of any sort. The firm encourages the reporting of any concerns in this area, whether under its Whistleblowing Policy or otherwise.

In conclusion, given the low risk profile of anyone supplying it with services being involved in slavery and/or human trafficking, the firm believes the current procedures are sufficient but has nevertheless added policy wording in this area to the firm’s Risk Manual. 

Goods and indirect services

In terms of goods and non-regulated services supplied to Crowe U.K. LLP, almost all goods will be items for use in its UK offices, or UK services in respect of normal business operations such as office space, stationery, travel and accommodation costs etc. The firm assesses this to result in a very low risk profile that anyone providing it with these goods or indirect services will be involved in slavery and/or human trafficking.

As above, the firm has in any event made amendments to the firm’s Risk Manual this year and encouraged the reporting of any concerns in this area.

The firm’s due diligence is proportionate to the identified modern slavery risk and its knowledge of its suppliers. Crowe U.K. LLP will review this in the coming year and where a change increases the risk will adapt the review and assessment processes accordingly. The firm will also consider whether specific training is required, be it as part of the training delivered under the Whistleblowing Policy or separately.

Signed:

Nigel Bostock signature 

Nigel Bostock

Chief Executive, Crowe U.K. LLP

For further details on our Modern Slavery Act Statement, contact us.

Modern Slavery Act Statement for the Financial Year 2019

This statement is made as a result of the implementation of the Modern Slavery Act 2015.

Crowe U.K. LLP is a Limited Liability Partnership incorporated in England and Wales with registered number OC307043. The Registered Office is at St Bride’s House, 10 Salisbury Square, London EC4Y 8EH.

Crowe U.K. LLP is a professional services firm of Chartered Accountants and Registered Auditors. The firm’s principal activity is the provision of accountancy and related services and it is regulated by the Institute of Chartered Accountants In England and Wales and the Financial Conduct Authority.

Crowe U.K. LLP has eight offices based in England only and the majority of its business is conducted with UK based clients. It also provides services to businesses located in the U.S.A.

Services

The services Crowe U.K. LLP provides to its clients are predominantly office or site-based at clients’ premises (sites being, for the most part, located in the UK).

The large majority of our work is undertaken by our own staff. Crowe U.K. LLP’s professional service supply chain consists, on the whole, of other regulated professional service firms and individuals. Our assessment is that this represents a very low risk of anyone supplying us with services being involved in slavery and/or human trafficking. As a result of this assessment Crowe U.K. LLP has not identified a need to take any additional action with regard to such relationships.

Additionally, on the occasions where Crowe U.K. LLP contracts others to assist in the provision of services we take steps to ensure they have any relevant accreditations and are appropriately qualified. Given the nature of these relationships and the fact that they are predominantly UK-based Crowe U.K. LLP also considers them very low risk and so takes no additional steps over and above our supplier approval process.

In conclusion, given the low risk profile of anyone supplying us with services being involved in slavery and/or human trafficking, we believe our current procedures and reliance on regulatory oversight in relation to professional services are sufficient.

Goods and indirect services

In terms of goods and non-regulated services supplied to Crowe U.K. LLP, almost all goods will be items for use in our UK offices, or UK services in respect normal business operations such as office space, stationery, travel and accommodation costs etc. We assess this to result in a very low risk profile that anyone providing us with these goods or services will be involved in slavery and /or human trafficking. In conclusion, we believe that our normal supplier take on procedures provide adequate assurance.

Crowe U.K. LLP is also the UK Member of Crowe Global, a network that consists of more than 200 independent accounting and advisory services firms in over 130 countries around the world. All of these firms are involved in the provision of accountancy and related services and most are similarly regulated by professional bodies in their own jurisdictions.

This statement has been approved by the designated members of Crowe U.K. LLP

Signed:

Nigel Bostock signature 

Nigel Bostock

Chief Executive, Crowe U.K. LLP