Statutory Audit
We deal with the technical, complex detail. You get accurate, clear reports and on-going support.
Our specialist knowledge and experiences means we deliver a high quality audit which is responsive to Trustee needs.
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.
Throughout the year we help Trustees keep up-to-date with the latest developments through updates during the audit, technical alerts, seminars, webinars, publications and surveys.
The 2026 Pensions SORP introduces key reporting updates, including new liquidity risk disclosures.
The Joint Industry Forum on Workplace Pensions is calling on the Government to amend audited accounts regulations.
The Budget offers little for growth, as complex capital allowances, higher dividend tax, NI hikes, and wage rises add pressure.
The Financial Reporting Exposure Draft (FRED 82) has been published for consultation.
PRAG has published updated guidance to help preparers of financial statements to account for derivatives in pension schemes.
The latest edition of Practical Pension Scheme Accounting is now available online.
The PRAG has published guidance to help preparers of annual reports with the new TCFD reporting requirements.
Assisting Trustees and auditors of pension schemes in dealing with the increasingly raised profile of going concern in financial statements.
Trustees of affected DB schemes should review historic cash equivalent transfer values for claims.
The 2026 Pensions SORP introduces key reporting updates, including new liquidity risk disclosures.
The Joint Industry Forum on Workplace Pensions is calling on the Government to amend audited accounts regulations.
The Budget offers little for growth, as complex capital allowances, higher dividend tax, NI hikes, and wage rises add pressure.
The Financial Reporting Exposure Draft (FRED 82) has been published for consultation.
PRAG has published updated guidance to help preparers of financial statements to account for derivatives in pension schemes.
The latest edition of Practical Pension Scheme Accounting is now available online.
The PRAG has published guidance to help preparers of annual reports with the new TCFD reporting requirements.
Assisting Trustees and auditors of pension schemes in dealing with the increasingly raised profile of going concern in financial statements.
Trustees of affected DB schemes should review historic cash equivalent transfer values for claims.
