ACS Assessor Guide - Security Industry Authority

ACS Assessor GuideSection 4 – Criterion Specific Guidelines: Criteria 44.1 An SIA Approved Contractor can demonstrate that it has suitable financial resources to manage its financial obligations.4.1.1 Two years accounts can be presented and/or the availability of funding for the achievement of the plan for the business can be evidenced.Clarification:Assessors don’t necessarily need to examine the accounts in detail. The purpose of thisIndicator is to ensure that the applicant organisation is able to demonstrate that it followscompany law and its finances are clear and traceable.In larger organisations the assessor may need to speak to the Finance Director for thisinformation. Up to date company law with regards to accounts and return can be found atwww.companieshouse.gov.ukApplicant organisations must demonstrate that they have the funding to meet their businessplan and commitments. This does not require the assessor to examine the financialarrangements in detail but they should satisfy themselves that this is in place through carefulquestioning.Companies should be able to confirm income streams, profitable and non profitablecontracts, overhead analysis, loans and overdraft arrangements, factoring, shareholders,investments, budgets and forecasts,We will examine the applicant company’s compliance with Companies House regulations atapplication and re-registration. Any issue with compliance will be raised via specialinstruction.Linkages with other Indicators:1.2.1 Critical success factors have been clearly identified and internal measures are in placeto monitor progress towards achievement.1.2.2 Goals, objectives and targets are clearly visible for all levels of the organisation.1.3.1 A plan for the business exists with a clear review schedule.4.2.2 Financial procedures are defined, understood and implemented.4.2.3 A clear ‘fit and proper’ management structure with defined and understood authoritylevels is in place.4.4.1 Analysis of the market place in which the organisation operates is conducted.9.6.1 The regular review of performance against success factors and key financial indicatorscritical to the business.83The contents of this publication are copyright ©2013 Security Industry Authority, all rights reserved. No part of the contents may be reproduced or transmitted in any form, by any means without prior written permission of the copyright owner.