RETAIL COMPLIANCE
AUDIT
01423 357670 | [email protected] | www.auditpartnership.co.uk
Introducing Deep Dive AuditingAudit Partnership understand the ever changing,
fast paced market conditions of retail and with
the introduction of the Grocery Supplier Code of
Practice (GSCOP) and appointment of the Groceries
Code Adjudicator (GCA), retailers are under more
pressure than ever to remain compliant.
Issues raised with the GCA could result in:
Costly investigations
Naming and shaming
Code clarification case studies
And even fines of up to 1% of annual turnover
Audit Partnership can help! - We have devised a
unique ‘deep dive’ audit service to ensure your
business is minimising risk and staying at the
forefront of the industry.
Methodology
Audit Partnership will use their powerful bespoke audit
systems to analyse your data and identify potential
breaches of GSCOP.
The audit would investigate and report on the
following audit areas;
Requests for payments that are against the code
Stock buy-in patterns for promotions
Any retrospective variations of trade agreements
Incorrect / invalid deductions
Payment on time reports
Next stepsIf you are interested in this service and would like to discuss further, please contact
[email protected] for more details.
Our compliance report would highlight any potential breaches
of the GSCOP and recommend solutions along with any future
strategy or training that could be required to remain compliant.
This will allow you to:
Proactively manage any issues highlighted in the
report
Report to the GCA and show that adherence to the
code is being monitored internally
Have the facilities available to fully investigate an
issue before it is logged with the GCA
Have the ability to gather evidence
Highlight any colleagues that require additional
training.
Our service offering can be fully tailored to your individual
requirements. For example, if you have concerns about a
particular department, time period or group of suppliers we can
focus our audit on these areas.
In addition to a targeted approach, we also recommend
operating specific day Deep Dive audits. These would be
conducted on a rolling basis at a pre-determined frequency,
where on a selected day we will investigate all emails, sales
and purchase ledger entries and highlight any potential
issues across your entire supplier base. These audits can be
conducted as regularly as you wish: monthly, quarterly or
annually depending on your individual requirements.
Audit Partnership work closely with your compliance and legal teams to provide a unique audit of your data to test for compliance with the GSCOP.
Data Requirements
The data required for our analysis will depend on your
individual reporting requirements. However, we would
recommend the following data sets;
Emails
Pricing
Promotions
EPOS
Merchandising