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.