Leaseholder Service Charge Audit

Description

Anchor will require the following leaseholder service charge audits/services based on:-<br/><br/>- Preparing the service charge statement in accordance with Tech 03/11 Residential<br/>Service Charge Accounts published jointly by the professional accountancy bodies with ARMA and RICS;<br/>- Anchor will make available all relevant information and documentation in relation to<br/>which your procedures are to be performed including transaction list and trial balance spreadsheet for each home as well as relevant information requested upon sampling;<br/>- Maintaining proper accounting records in relation to the premises in respect of which a service charge statement is prepared;<br/>- Ensuring your compliance with the requirements of the Landlord and Tenant Acts<br/>1985 and 1987;<br/>- Safeguarding the assets relevant to the service charge statement and preventing<br/>and detecting fraud, error and non-compliance with law or regulations. Lot 1: Ensuring that all arithmetic on the service charge statements is correct. Your procedures will be performed in order to detect any mathematical errors in the calculations made by Anchor. <br/><br/>Agreeing all entries on the service charge statements to supporting working papers<br/>and income and expenditure data for the service charge period.<br/><br/>Agreeing a sample of expenditure declared in the statement of expenditure to<br/>invoices / other supporting documentation and evidence of payment to ensure that:<br/><br/>- expenditure is eligible under the Anchor Hanover Group’s agreement with their tenants<br/>- expenditure included in the certificate is defrayed in the correct service charge<br/>period; and<br/>- apportionments included in the certificate for admin costs and overheads are on<br/>a basis that is consistent with the Anchor Hanover Group’s internal systems<br/><br/>The above agreed procedures will be performed having regard to Tech 03/11 Residential<br/>Service Charge Accounts published jointly by the professional accountancy bodies with<br/>ARMA and RICS.<br/>Having performed the agreed procedures, you will report to Anchor in writing on your findings.