Internal Checks & Compliance Review

An internal check is an independent look at your society's records between statutory audits catching discrepancies, weak controls or missed compliance items early, before they become bigger problems.

What's included

• Review of cash and bank transactions for irregularities
• Check of maintenance bill generation and collection accuracy
• Review of vendor payment approvals and documentation
• Summary report of findings and recommendations for the committee

Who this service is for

Recommended for societies that want an extra layer of financial oversight, especially after a change in committee or accountant.

Documents typically required

• Books of account for the review period
• Bank statements
• Vendor contracts and payment records

Frequently asked questions

How is this different from the statutory audit?

The statutory audit is a mandatory annual requirement; an internal check is an optional, more frequent review focused on catching issues early.

How often should a society do this?

Many societies opt for a half-yearly review, though it can be scheduled at whatever frequency suits your committee.