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Knowledge Base / Audits / Understanding Audits / Types of Audits Conducted by RVO

Types of Audits Conducted by RVO

Q: What types of audits does the RVO conduct?

The RVO conducts desk audits, field audits, and follow-up audits to ensure compliance with the WBSO scheme. Desk audits are conducted remotely, field audits involve on-site visits, and follow-up audits are conducted if initial audits identify issues or discrepancies.

Q: How should I prepare for a desk audit?

For a desk audit, ensure that all your documentation and records are well-organized and readily available. This includes project descriptions, timesheets, financial records, and other relevant documents that can be reviewed remotely by the RVO.

Q: What happens during a field audit?

During a field audit, RVO auditors visit your company to inspect facilities, observe R&D activities, and conduct interviews with key personnel. They verify the details of your projects and expenses on-site to ensure compliance with the WBSO scheme.

Q: What is a follow-up audit?

A follow-up audit is conducted if issues or discrepancies are found during an initial audit. This audit ensures that corrective actions have been implemented and that your company is maintaining compliance with WBSO requirements.

The RVO conducts various types of audits to ensure compliance with the WBSO scheme. Understanding the types of audits can help you prepare effectively and maintain accurate records:

Desk Audits: These audits are conducted remotely, where the RVO reviews your submitted documentation and records without visiting your premises. They typically involve a thorough examination of your project descriptions, timesheets, financial records, and other relevant documents. Desk audits focus on verifying your administrative compliance with the WBSO scheme.

Field Audits: Field audits involve an on-site visit by RVO auditors to your company. During these audits, auditors may inspect your facilities, observe R&D activities, and conduct interviews with key personnel to verify the details of your projects and expenses. These audits help the RVO confirm the technical and financial aspects of your claims by reviewing operations in person.

Follow-Up Audits: Follow-up audits are conducted if the initial audit identifies any issues or discrepancies. These audits ensure that corrective actions have been implemented and that compliance with WBSO requirements is maintained. They are an essential part of ongoing compliance monitoring to confirm that identified problems have been resolved.

Knowing the types of audits the RVO might conduct can help you organize your documentation, keep your records up-to-date, and ensure that both your technical and financial reporting meet the necessary standards.

Frequently Asked Questions

What types of audits does the RVO conduct?

How should I prepare for a desk audit?

What happens during a field audit?

What is a follow-up audit?

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Types of Audits Conducted by RVO

Frequently Asked Questions

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