Audits
Available to Primary & Extended MembersFairPay audits are designed to provide a comprehensive evaluation of your compliance landscape. Our structured and transparent process ensures your business meets regulatory obligations, minimises risks, and promotes trust with clients, stakeholders, and your workforce. At FairPay, we understand that compliance audits can feel daunting, which is why our approach is rooted in collaboration and support - not scrutiny. We work with you to identify areas of improvement, provide actionable recommendations, and help you implement processes that strengthen your business.
Minimal Disruption:
Most audits are completed within a single working day, and in many cases, information can be submitted digitally to reduce interruptions.
Guidance for External Audits:
We equip you with tools and key questions to effectively assess the compliance of external personnel payment providers. This helps align external processes, such as those with payment providers, subcontractors, or clients, with your internal compliance standards.
Process Alignment:
Our support extends to developing workflows that integrate efficiently with external parties, promoting transparency and accountability throughout your operations.
A Collaborative Approach:
Our approach is collaborative, not punitive. We aim to empower businesses by simplifying compliance and promoting transparency.
How our Audits Work
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Pre-Audit Preparation:
Before the audit, we review your compliance profile and previous records (if applicable). You’ll receive a tailored checklist of documents to prepare in advance, along with a clear audit schedule that minimises disruption to your day-to-day operations. -
Document Review:
Our team will review key documents such as internal policies, payroll records, and contracts to assess compliance with various HMRC relevant regulations. We aim to identify any areas needing improvement while providing insights into best practices. -
Process Observations:
During the audit, we observe your processes and workflows to ensure they align with documentation and compliance standards. We may speak with relevant team members to understand how systems like payroll and worker classifications are managed. -
Reporting:
After the audit, you’ll receive a detailed report summarising our findings. This includes both strengths and areas for improvement, along with actionable recommendations to help you achieve or maintain compliance. If applicable, compliance scores and certifications will also be included. -
Post-Audit Support:
We don’t just stop at reporting. Our team is here to guide you through resolving any identified gaps. This includes providing templates, follow-up reviews, and personalised support to ensure long-term compliance success.
