We provide FSA compliance advice to owners and directors of small and medium-sized companies helping them to achieve full FSA compliance.
Nowadays nobody needs to be convinced of the importance of compliance. The costs of failure - financial and reputational - are just too high.
Auditors can be presumed to know about the FSA rules on which they are required to report, but may not be familiar with the rest of the rule book.
UHY Hacker Young is a mid-tier, City-based firm of Chartered Accountants, with a long standing specialism in advising financial services businesses. Mike Egan, partner, is our FSA compliance services expert and has over twenty years' experience in the sector.
We are FSA compliance advice specialists
Whether or not we are appointed as auditors, our FSA compliance advisors can offer clients:
- preparation of FSA compliance manuals from scratch
- updating service for existing compliance manuals, whether or not we prepared them originally
- design and implementation of compliance monitoring procedures
- assistance with preparation of Individual Capital Adequacy Assessment Procedures (ICAAPs)
- assistance with design and implementation of key policies and procedures (eg. Treating Customers Fairly, Pillar 3, Risk Assessment)
- advice on training, competence and examination requirements
- assistance with regular financial and other reports to the FSA
- keeping clients up to date with changes to the rules which affect their business (and not bothering them with those that don't)
- ad hoc compliance support and helpline facilities
Most of our FSA clients are small or medium-sized firms, with staff numbers between one and a few hundred. However, we have also provided professional advice to some very large institutions on specific issues and projects.
Up to £15 million will be clawed back from academy schools before the end of the current academic year due to government budgeting errors, according to our data.
A quarter of all taxpayers may be paying the wrong amount of tax due to incorrect PAYE codes according to our analysis.
The cost of listing on AIM has risen at its fastest rate in more than five years according to our findings.
A sudden surge in M&A activity on AIM is being driven by private equity backed deals to take companies private, our research reveals.
From 6 April 2012 HMRC will be able to ask employers to pay a financial security where it thinks there is serious risk that the business won’t pay over their PAYE tax deductions or National Insurance contributions (NICs) on time.
