Pension audit services

Our tailored approach to the audit of pension schemes is distinguished by our commitment to technical excellence and personal service. As auditors to occupational schemes of all types and sizes we deal with the whole spectrum of pension schemes and understand the specific needs of each.

Using specialist pension audit teams, we address the needs of each client. We assess the key risks and issues of each scheme before commencing work to ensure our efforts focus on the most important areas. Our specialist staff have expert knowledge of the pensions sector and we invest in the development of methodologies and approaches which are appropriate for pension funds.

The key aspects of our pension audit service are:

  • Understanding your operations - we tailor our approach to your needs.
  • Planning - we liaise with you and your administrator, as well as payroll and personnel functions as appropriate. We draw up a realistic timetable and budget, sharing information and documentation wherever possible to save time and minimise costs.
  • Liaising with trustees - we meet with trustees to discuss the accounts, report on matters from the audit and discuss technical developments in the pensions sector.
  • Assigning team responsibilities - we ensure work is carried out efficiently and effectively, by the most appropriate member of each team.
  • Assessing risk and materiality - we focus and prioritise our audit effort.
  • Delivering an objective driven and tailored approach - our audit complies with Auditing Standards and focuses on areas highlighted in the planning stage.
  • Assigning team responsibilities - we ensure work is carried out efficiently and effectively, by the most appropriate member of each team.
  • Audit sign off – our completion process includes discussions with Trustees on best practice and governance.

Mazars' highly experienced, multi-disciplinary team provides first-rate advice. The mixture of industry expertise and personal contact enables us to efficiently deliver effective solutions.

We constantly develop our knowledge through internal training, The Institute of Chartered Accountants in England and Wales (ICAEW) courses and attendance at and Pensions Research Accounting Group (PRAG) and Pensions and Lifetime Savings Association (PLSA) conferences, as well as the experience gained from our involvement in the sector.

Our team shares this expert knowledge with clients, giving them access to the latest technical updates and pension strategy thinking in newsletters, handbooks and, above all, through the personal contact that characterises our business relationships.

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