External Audit Services

External audit service providers to Plymouth Community Homes will be expected to comply with the Association’s minimum service requirements shown below. Audit Planning & Conduct

• The external audit service will be managed through an ‘Audit Strategy & Planning Memorandum’ to be approved by the PCH Audit and Risk Committee before each year end audit. The memorandum should cover:
• Audit approach (planning, materiality, liaison with internal audit, use of specialists)
• Audit timeline (actual timing to be agreed with PCH Finance Team), dates of fieldwork for interim & final audits, outcomes (feedback, meetings, reports )
• Sector & client-specific risks and areas of audit focus
• Audit team members (this year compared to last year) & anticipated time on each annual audit
• Provision of named contact (partner/manager) to resolve audit queries before year end.
• Provide a training session on accounting developments ahead of the year end audit.