Statutory Audit

Crowe provides statutory audit services to Trustees of a wide range and large number of schemes, including defined benefit schemes, defined contribution schemes, master trusts and superfunds/consolidators.

Over many years, our role on the PRAG SORP Working Party, which issues accounting guidance to the pensions industry, puts us in an excellent position to help Trustees ensure they comply with the accounting and disclosure requirements.

Some key aspects of our audit approach are as follows:

• We have an excellent client base of high-profile clients, and our clients benefit from this experience.
• Our pension specialists ensure audit quality.
• Our audits ensure that Trustees meet their statutory requirements for obtaining an audit. We also deliver a quality, tailored audit that provides feedback on governance, processes and controls, using technology to enhance our delivery.
• At the outset, we discuss and agree on the audit risks and any areas of concern where Trustees may require additional assurance to ensure the work is focused and adds value to the scheme arrangements.
• Establishing good relationships is at the heart of how we work and is key to ensuring that the audit runs smoothly.
• By proactively managing the audit, we ensure that it is delivered on time and on budget.
• Through our involvement in many industry committees, we help Trustees keep up to date with the latest developments through updates during the audit, technical alerts, seminars, webinars, publications, and surveys.