Assurance Services

At Millet Audit, we provide a range of specialist assurance services designed to help businesses, regulated firms, law practices, and organisations meet compliance requirements, strengthen governance, and provide confidence to regulators, stakeholders, investors, and funding bodies. Our experienced team delivers independent assurance engagements tailored to the specific requirements of each client, combining technical expertise with a practical and collaborative approach.

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Grant applications (Innovate UK and others)

Millet Audit provides specialist assurance support for grant applications, including Innovate UK and other funding bodies. We work closely with clients to review eligibility, cost allocation, and supporting evidence, ensuring submissions are robust, compliant and clearly evidenced to maximise the likelihood of successful funding outcomes and audit readiness throughout processes.

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CASS Audits and Assurance

Millet Audit provides independent CASS audit and assurance services to firms regulated by the Financial Conduct Authority. The Client Assets Sourcebook, commonly known as CASS, contains a set of rules designed to protect client money and custody assets held by authorised firms. We work closely with FCA regulated businesses to assess systems, controls, reconciliations, and operational procedures relating to client assets. Our audits provide assurance over whether firms maintain adequate systems to comply with FCA requirements and whether those systems are operating effectively in practice. Our clients include investment firms operating under CASS 6 and CASS 7, insurance brokers subject to CASS 5 requirements, and peer-to-peer lending businesses. We understand the regulatory environment in which these organisations operate and provide clear reporting alongside practical recommendations designed to strengthen governance and improve compliance.

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SRA Client Money Audits

Law firms handling client funds are required to comply with the Solicitors Accounts Rules and maintain appropriate systems and controls over client money. At Millet Audit, we provide specialist SRA client money audit services designed to help legal practices demonstrate compliance and manage regulatory risk. Our team works closely with partners, compliance officers, and finance teams to review client account procedures, reconciliations, record keeping processes, and internal controls. We assess whether systems are operating effectively and identify any areas that may require strengthening. The objective of our work is not only to assess compliance but also to provide practical recommendations that support continuous improvement. We understand the importance of maintaining trust with clients, regulators, and professional bodies, and our audit approach is designed to help firms maintain confidence in their financial processes and regulatory compliance.

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REVIEWS

Commendations from just some of our clients

CASS Assurance – Millet Audit Accounting has helped with our client account audit recently and the service has been exceptional, good value for money and I have found them to be professional …

Charles Lyndon Solicitors

Grant Assurance – Andrew was very responsive, as the accountant report requested needed to be completed on a relatively tight timeline. He was quick to come back with any relevant queries and very pleasant to work with. I highly recommend working with Andrew for independent accountant reports!

Renuka Ramanujam

Charity Audit – I do recommend Millet Audit, it was especially good experience working with Andrew, who was very professional and responsive. A trustworthy auditor to rely on.

C Yang

Independent Examination – Millet Audit Accountant helped us enormously at short notice and we are extremally grateful to have been introduced to them. We are looking forward to continuing to build a long lasting professional relationship.

S Kalik

Compliance – I highly recommend the accounting services from Millet Audit. The team was thorough, organised, and helped streamline my financial records. Their expertise ensured compliance and provided valuable insights for better financial management. A fantastic, reliable and efficient service.

J Stere

Recently moved to Millet Audit and the service has been great. They made our recent accounts a very smooth and easy process. Would definitely recommend.

Dorothea A

AVEC BFI Application Assurance

The Audio-Visual Expenditure Credit scheme has become an important source of support for production companies operating within the film and television sector. Millet Audit provides assurance services for AVEC BFI applications, helping organisations demonstrate compliance with scheme requirements and verify qualifying expenditure. We work alongside production companies, advisers, and finance teams to review costs, examine supporting documentation, and assess whether expenditure qualifies under the relevant guidance. Our thorough review process helps ensure that claims are robust, accurate, and supported by appropriate evidence before submission. By providing independent assurance over qualifying expenditure and compliance requirements, we help clients navigate the application process efficiently and confidently. Our experience enables us to identify potential issues early, reducing delays and supporting successful outcomes.

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London

Agreed-Upon Procedures Assurance Reports

Agreed-upon procedures engagements provide organisations with targeted assurance over specific areas of financial or operational activity. Unlike a traditional audit, these engagements are tailored to meet the exact requirements of the client, regulator, investor, lender, or other stakeholder. At Millet Audit, we work closely with clients to define the scope of the engagement and agree the procedures to be performed. Once testing has been completed, we provide a factual report detailing our findings in a clear and objective manner. These engagements can be used for a wide variety of purposes, including regulatory compliance, contract verification, funding requirements, transaction support, internal investigations, and stakeholder reporting. Our flexible approach allows organisations to obtain independent assurance over the matters that are most important to them while maintaining confidence in the integrity and accuracy of the information reviewed.

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Assurance

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REVIEWS

Commendations from just some of our clients

CASS Assurance – Millet Audit Accounting has helped with our client account audit recently and the service has been exceptional, good value for money and I have found them to be professional …

Charles Lyndon Solicitors

Grant Assurance – Andrew was very responsive, as the accountant report requested needed to be completed on a relatively tight timeline. He was quick to come back with any relevant queries and very pleasant to work with. I highly recommend working with Andrew for independent accountant reports!

Renuka Ramanujam

Charity Audit – I do recommend Millet Audit, it was especially good experience working with Andrew, who was very professional and responsive. A trustworthy auditor to rely on.

C Yang

Independent Examination – Millet Audit Accountant helped us enormously at short notice and we are extremally grateful to have been introduced to them. We are looking forward to continuing to build a long lasting professional relationship.

S Kalik

Compliance – I highly recommend the accounting services from Millet Audit. The team was thorough, organised, and helped streamline my financial records. Their expertise ensured compliance and provided valuable insights for better financial management. A fantastic, reliable and efficient service.

J Stere

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Highly trained
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Our Commitments

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Everything we do we do with the upmost integrity

Understanding

We will ensure we understand your business

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We will work with you to deliver an efficient audit

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We organise ourselves so that we can best balance life and work

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FCA Regulated Firm Assurance Specialists

Millet Audit has extensive experience supporting FCA regulated firms with assurance and compliance requirements. We understand the demands placed on regulated businesses and the importance of maintaining strong systems, controls, and governance frameworks. Our team works within often demanding regulatory timelines to plan and carry out appropriate testing, gather evidence, and provide independent assurance over compliance requirements. We focus on identifying opportunities for improvement and helping firms remain ahead of regulatory expectations rather than simply responding to issues after they arise. Whether your business requires a CASS audit, limited assurance engagement, reasonable assurance report, or wider regulatory support, we provide practical guidance and professional expertise tailored to your specific circumstances.

Reasonable Assurance and Limited Assurance Engagements

The type of assurance engagement required will depend on the nature of your business activities and regulatory permissions. Reasonable assurance engagements are typically required where firms hold or control client money or custody assets. In these cases, auditors provide a positive opinion on whether the firm maintains adequate systems and controls to comply with relevant FCA requirements. Limited assurance engagements are generally required where firms have permission to hold client money or custody assets but have not actually done so during the reporting period. Under a limited assurance engagement, the auditor provides a negative assurance conclusion stating that nothing has come to their attention to indicate non-compliance with applicable requirements. Our team can help determine which assurance engagement is appropriate for your business and guide you through the process from planning through to final reporting.

Why Choose Millet Audit?

At Millet Audit, we pride ourselves on delivering assurance services that provide genuine value beyond compliance. We combine technical expertise with a practical understanding of the challenges faced by businesses, regulated firms, law practices, production companies, and grant-funded organisations. Our approach is collaborative, responsive, and focused on helping clients achieve their objectives while meeting regulatory and stakeholder expectations. We provide clear communication, detailed reporting, and practical recommendations that support stronger governance, improved controls, and greater confidence in financial and operational processes. If your organisation requires assurance services, our experienced team is here to help. We will take the time to understand your requirements, explain the available options, and provide a tailored proposal designed around your specific needs. Contact Millet Audit today to discuss how our assurance services can support your organisation.

Frequently Asked Questions

What is an assurance service and how does it differ from an audit?

Assurance services are independent engagements designed to provide confidence in specific financial, operational, or compliance-related information. While an audit is one type of assurance engagement, assurance services can cover a much broader range of requirements. At Millet Audit, we provide assurance services relating to grant funding applications, FCA compliance, client money regulations, agreed-upon procedures engagements, and industry-specific schemes such as AVEC BFI applications. The scope of an assurance engagement is usually determined by the objectives of the client, regulator, funding body, or stakeholder requesting the review. Unlike a statutory audit, which focuses on financial statements as a whole, assurance engagements can be tailored to assess particular transactions, controls, procedures, or compliance requirements. These services provide independent verification and reporting that help organisations demonstrate transparency, reduce risk, strengthen governance, and satisfy the expectations of regulators, investors, funding bodies, and other stakeholders who require reliable information before making decisions.

A wide variety of organisations can benefit from assurance services depending on their regulatory, financial, or operational requirements. At Millet Audit, we work with FCA regulated firms, law firms, production companies, grant-funded businesses, charities, and commercial organisations seeking independent verification of specific processes or activities. Assurance services are particularly valuable where stakeholders require confidence that information has been reviewed by an independent professional. For example, businesses applying for grant funding may require assurance over eligible expenditure, while FCA regulated firms may need CASS assurance reports to demonstrate compliance with client money regulations. Law firms handling client funds often require specialist reviews of compliance with the Solicitors Accounts Rules. Investors, lenders, regulators, and funding providers may also request agreed-upon procedures reports to verify specific information before making important decisions. Assurance services provide independent evidence that strengthens credibility and supports informed decision-making across a range of sectors and industries.

Agreed-upon procedures engagements are assurance assignments where specific testing procedures are agreed in advance between the client and the intended users of the report. Rather than providing an audit opinion or assurance conclusion, the practitioner performs the agreed tests and reports the factual findings. At Millet Audit, we provide agreed-upon procedures engagements for a wide range of purposes, including regulatory compliance reviews, funding verification, contractual requirements, financial due diligence, internal investigations, and stakeholder reporting. These engagements are particularly useful when a client requires independent verification of a specific area rather than a full audit. The flexibility of agreed-upon procedures allows organisations to focus on the information that matters most to their circumstances. Because the scope is tailored to the client’s objectives, the resulting report provides targeted and relevant information that can be relied upon by management, investors, lenders, regulators, or funding bodies when making important commercial or compliance-related decisions.

Millet Audit combines technical expertise with a practical and collaborative approach to assurance engagements. We understand that every organisation has different objectives, risks, and compliance requirements, which is why we tailor our services to meet the specific needs of each client. Our team has experience supporting FCA regulated firms, law firms, production companies, grant-funded organisations, charities, and commercial businesses across a variety of assurance assignments. We focus on delivering clear communication, efficient processes, and practical recommendations that provide value beyond simply meeting compliance obligations. Our assurance services are designed to strengthen governance, improve transparency, and provide confidence to regulators, stakeholders, investors, and funding bodies. We take the time to understand your organisation and ensure that our work aligns with your objectives. Whether you require CASS assurance, grant application support, agreed-upon procedures, or specialist compliance reviews, Millet Audit provides dependable expertise and professional support throughout the engagement.