Christine Gregory

Co-investment payments

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Hi,

Where an employer needs to pay co-investment, but they are also due an additional payment (in effect nearly cancel each other out), I am right in thinking we need to show both payments going in and out of accounts?  Do auditors actually ask to look at bank accounts?

Thanks

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Steve Hewitt

Yes you do and yes they do!

Daft innit?

Christine Gregory

What would we actually need to produce for/show to auditors in relation to bank accounts?

Thanks

(Edited)

Steve Hewitt

A statement or similar showing actual money coming into your account from the employer that can be matched to the PMR payments.