Leaseholder Service Charge Audit

Ensuring that all arithmetic on the service charge statements is correct. Your procedures will be performed in order to detect any mathematical errors in the calculations made by Anchor. <br/><br/>Agreeing all entries on the service charge statements to supporting working papers<br/>and income and expenditure data for the service charge period.<br/><br/>Agreeing a sample of expenditure declared in the statement of expenditure to<br/>invoices / other supporting documentation and evidence of payment to ensure that:<br/><br/>- expenditure is eligible under the Anchor Hanover Group’s agreement with their tenants<br/>- expenditure included in the certificate is defrayed in the correct service charge<br/>period; and<br/>- apportionments included in the certificate for admin costs and overheads are on<br/>a basis that is consistent with the Anchor Hanover Group’s internal systems<br/><br/>The above agreed procedures will be performed having regard to Tech 03/11 Residential<br/>Service Charge Accounts published jointly by the professional accountancy bodies with<br/>ARMA and RICS.<br/>Having performed the agreed procedures, you will report to Anchor in writing on your findings.