SRF Consultancy - Auditing Knowledge
SRF Consultancy
  Financial Audit & Advice

Working with Work Based Learning, Train to Gain, Entry to Employment (now Employer Responsive and Learner Responsive LSC funded programmes) and European Social Fund project Providers we have provided expert guidance and audit services to organisations ranging from the Learning and Skills Council, Further Education Colleges, Private training consortia to individual Training Providers.

We can assist clients in identifying weaknesses and providing effective solutions and allow peace of mind in meeting the rules and regulations within the industry. Many of our successes have been with helping clients who have experienced difficulties and financial clawback and within weeks identifying and rectifying their problems.

With all our experts having fulfilled key roles within the LSC environment we can offer in depth guidance on funded learning second to none.

Our range of services include the following:

  • System Appraisals and Testing
    Our team investigate and appraise your existing systems including all of the key control areas and offering clear guidance on how to strengthen them and fully meet the evidence requirements:

    These include among others:

    Start Systems including Supporting Suitability and Eligibility; Induction Processes;
    Learning Agreements;
    Individual Learning Plans / E2E Passports;
    Additional Learner Support (ALN/ASN);
    Reviews and Assessment;
    EMA Systems;
    Qualifications and Achievers;
    TPS Claims;
    Reviews

    Subsequently, 'Walkthrough' and 'Compliance' tests can be implemented to ascertain the full effectiveness of the systems.

    Our detailed reports clearly show all findings and how to address any concerns.

  • File Checks
    We provide a thorough and detailed examination of your documentation, establish funding risks and address them.

    A detailed report, outlining all the findings from our investigations, is submitted to you upon completion.

  • Follow Up Visit
    We can assist organisations at all stages incorporating follow up visits, repeat testing, training for delivery staff and measuring progress.

  • Healthcheck
    A popular service we provide is a one day Healthcheck of systems in advance of a financial audit by a stakeholder or just to be assured of your funds. This service provides a day visit to your organisation to sample test your key systems to identify the standard and whether they are in line with contractual requirements.

    A Matters Arising Summary will identify any concerns and whether there are any funding issues which need attention. A Risk Band will be allocated based on the findings which will highlight whether further action may be needed.

  • Stakeholder Audit Assistance
    Another popular service we provide is audit management of your stakeholder audits. Our expert staff can take the pressure away from you at a stressful time by leading your response to audit and help you identify swift solutions to any problems raised. This allows your staff to focus on delivery and reduce the stress of audit considerably.

    Above all we can tailor solutions to meet your needs.

 

 

 

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