All reasonably sized umbrella companies will be required, by law, to have an audit conducted by an external auditor and any kind of suspected misappropriation would have to be reported in their findings. The published accounts are then available to view at Companies House.
Don't get me wrong Steve, I am all about companies in this industry working together to improve standards and promote excellent working practises but there are many, many audit schemes out there which all make the same claim as FCSA - most of them are run by umbrella companies (as in your case) and none of them offer the contractors protection; ultimately if the company is badly run it will be the contractor that loses out and a one day visit once a year will not prevent that.
Don't get me wrong Steve, I am all about companies in this industry working together to improve standards and promote excellent working practises but there are many, many audit schemes out there which all make the same claim as FCSA - most of them are run by umbrella companies (as in your case) and none of them offer the contractors protection; ultimately if the company is badly run it will be the contractor that loses out and a one day visit once a year will not prevent that.
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