Grant Audit Services at Jack Ross Chartered Accountants

Your Trusted Grant Audit Specialists

Securing a grant is significant, but it’s only the first step. You may need a grant audit to ensure compliance with your grant agreement. At Jack Ross Chartered Accountants, we offer specialised audit services tailored to meet the terms and conditions stipulated by your funding organisation. Whether you’ve been awarded Innovate UK grants or are part of the Horizon 2020 programme, our grant audit team guides you every step of the way.

Why Do You Need a Grant Audit?

When awarded funding, you enter into a grant agreement with specific requirements. These often include needing an independent audit to verify your submitted claims and the costs incurred. Please comply with these conditions to ensure your funding and credibility are maintained. Our audit specialists are well-versed in the procedures and rules dictated by various funding bodies, ensuring that your organisation meets all the audit requirements set out in your grant agreement.

Types of Grant Audits We Offer

Innovate UK Grant Audits
Horizon 2020 Audits
Local Government Grant Audits

What Sets Our Grant Audit Team Apart?

Experience and expertise in this area make all the difference. Our grant audit team comprises registered auditors with specialist knowledge in auditing grant conditions, financial reporting, and more. We ensure that you meet the terms and conditions of your grant agreement and help you prepare for future grant applications by identifying areas for improvement.

The Jack Ross Approach to Grant Auditing

Detailed review of your award letter and associated grant conditions.
Comprehensive audit work to scrutinise expenditure against the grant conditions.
Final report preparation, adhering to the official format prescribed by government bodies and funding programmes.

The Grant Audit Process: What to Expect

Initial Consultation: We assess whether you need an independent audit based on the specific grant agreements and your award letter.
Audit Planning: Our audit team outlines the scope, breakdown of costs, and timelines (most audits take 5-10 working days to complete).
Fieldwork: We carry out a detailed examination of your financial records, invoices, and project costs.
Audit Findings: We compile our audit findings following the terms of engagement.
Final Report: We provide you with an audit report specified by the funder, ready to be submitted.

How to Prepare for Your Grant Audit

Check Your Award Letter: It’s essential to check your award letter carefully as to whether you require an audit.
Appoint an Auditor: Choose an independent registered auditor well in advance, preferably at the acceptance stage of the grant.
Compile Documentation: Gather all necessary financial records and invoices to facilitate a time-efficient grant audit.

Why Choose Jack Ross?

Expertise: Our accountants and auditors have years of experience and expertise in grant audits.
Specialist Knowledge: We understand the specific requirements of different grants, from Innovate UK to Horizon 2020.
Comprehensive Service: We assist with every aspect of the grant audit, from the initial consultation to the final report.

Trust Jack Ross Chartered Accountants for a seamless, comprehensive grant audit service. We’re committed to helping you maintain the highest standards of accountability and transparency, ensuring that you comply with your current grant agreement and are well-positioned for future funding opportunities.

Do I need a Grant Audit?

Whether you need a grant audit depends on the grant conditions you received from Innovate UK or another organisation. Typically, grants involving research and development (R&D) will require a specialist grant auditor to complete a grant audit at the end of the grant period to comply with the audit requirements set within specific grant agreements.

What is an independent audit of the claims made for a grant?

An independent audit on the claims made for a grant involves engaging an independent external auditor such as Innovate UK or an Internal Audit Team who assess whether claims are accurate and comply with all stated within specific grant agreements.

How can I assist with Grant Audits?

To assist with Grant Audits, it is vital to ensure that internal processes are in place before additional external services are required. Additionally, collaborations between finance teams and internal auditors may be established to provide assurance about any future Grants. Furthermore, any questions which arise during this process should also be considered when preparing for an upcoming Grant Audit.

Client Testimonials

Explore the success stories of audit clients we’ve helped achieve great things.

The Jack Ross Team has been an absolute delight. Professional, nice and fast during the Audit procedure. Thank you Jack Ross Team. Engaging with the Jack Ross Team for our audit was one of the best decisions we've made this fiscal year. I was particularly impressed with their swift and streamlined audit process. Unlike other firms that drag on for weeks, Jack Ross was able to conclude our audit in record time without cutting corners.

Their professionalism is unparalleled; from initial consultation to final report, every interaction was marked by courtesy, respect, and a deep understanding of our unique business needs.

But what surprised me most was their warmth and friendliness; they made a typically stressful process feel almost enjoyable. It's refreshing to work with a team that combines speed and efficiency with such high levels of customer service.

If you're looking for an audit service that respects your time without compromising on quality, then look no further than Jack Ross Audit.

Sofia Carlini

Financial Controller

Excellent service from the Jack Ross Audit Team. They gave us good advice and completed a very efficient audit. They have a friendly and competent team. I would surely recommend them.

I've always considered auditing a cumbersome process, but my experience with the Jack Ross Audit Team has completely changed my perspective. Their service was impeccable from start to finish. The team not only offered us invaluable advice to streamline our financial systems, but they also executed an extremely efficient audit that was far less intrusive than I've experienced in the past.

What truly sets Jack Ross Audit apart, however, is their team. Each member we interacted with was incredibly competent and genuinely friendly and approachable. They made us feel like a valued client rather than just another case file.

If you're unsure which accounting firm to choose for your audit, I can't recommend Jack Ross Audit highly enough. Their blend of professionalism, efficiency, and genuine care for their clients is rare in the financial world.