For your retail premises compliance audits, compliance inspections, including collateral inspections, floor plan confirmation, condition compliance and test repossessions and paper trail audits. Phone 1300 966 103, email mercantile@theprivategroup.com.au. We do travel. Free Quotes! For 24/7 inquiries please use our online form.
Many retail premises work on a system of credit extended by either the parent company, or a financial institution. Any line of credit comes with conditions. We conduct inspections to ensure that the retail operation is complying with the conditions imposed. A retail premises compliance audit, compliance inspection, is about risk management. We conduct compliance audits, both planned and random. Audits may be a simple as confirming that the company holds the stock stated and that the money has not been diverted, or it may be an in depth administration audit confirming that the company is truthfully assessing applications, and confirming information supplied with regards income and assets, on behalf of a purchasers seeking finance from a client company. A compliance inspection may be a routine check of the books, and visual inspection of stock, or an in depth audit. Some are a risk management audit, where concerns have been raised, and it is suspected compliance rates have fallen. We have seen many examples of less than honest and transparent credit applications from financial collapses such as the Storm Finance collapse in Australia to the American sub prime mortgage failures (Low income customers granted housing loans they could never afford). Liar loans, and other frauds, have been made in many places. This is an area where audits are necessary. A retail premises compliance audit may involve assistance to bring the business into compliance, where the intention is not to close the business, but to reduce risks, and lift the business up. A compliance inspection can be a reminder of obligations, a confirmation of compliance, a risk management operation to prevent a business being damaged by non-compliance, or put at risk. It may be an inspection to confirm company stock is on hand, properly housed, and displayed, and that the business is active. The risk, with compliance inspections, is the tick and flick attitude, of a mundane inspection, rather than 'new eyes' compliance inspection. When you need a retail premises compliance audit, contact us for a free quote.
