New Service – The Financial Health Check

Our Financial Health Check provides an independent assessment and insights on the financial health of Registered Providers (RPs), helping to ensure robust governance and compliance.

Why might you need a Financial Health Check?

• Independent assurance: Providing the board and audit committee an external review of key financial matters that may be challenging to assess internally.
• Specialist insight: Complementing existing audits by providing insights from sector specialists, going beyond the typical accounting focus.
• Support for Chief Financial Officers (CFOs): Providing an external perspective to the CFO, drawing on DTP’s experience across the social housing sector.
• Evidence backed confidence: Providing evidence of the board’s commitment to seeking external opinions, reinforcing confidence in discussions with regulators and stakeholders.

What does it involve?

• DTP’s expert financial advisors will conduct a thorough review of your financial data, including historical information and future projections.
• We will engage with your team to discuss key assumptions and form an independent opinion on financial health indicators.
• The process is non-intrusive and minimally disruptive, requiring just a simple questionnaire and scheduled discussions for a comprehensive review.

What are the outcomes?

• Comprehensive assurance reports: You will receive an initial discussion on findings, followed by a formal report detailing the review’s observations, expert opinions, and tailored recommendations for improving assumptions and projections.
• Board/committee presentations: Presentations can be provided for boards, audit committees and executive teams.

What are the benefits of DTP’s support?

• External assurance: Produces tangible evidence for regulators and other key stakeholders
• Up-to-date advice: Clear, pragmatic advice from sector experts on financial health, along with suggestions for improvements that benefit the RP and its customers.
• Objective ppinion: On whether critical financial responsibilities are being managed effectively within the finance function.

For more information on how DTP can support your organisation, please get in touch with Andy Roskell, Managing Director or Andy Chapman, Senior Consultant.