l6 : assurance Flashcards
1
Q
what are the 3 types of assurance?
A
- statutory audit
- reasonable
- limited
2
Q
which act underpins the modern day slavery statement?
A
modern slavery act 2015
3
Q
what does s54 MSA 2015 state?
A
certain organisations legally required to publish annual modern slavery statement in a prominent place on their website
4
Q
what are the 4 criteria whereby a firm is obligated to publish MDS statement?
A
- are a body corporate or a partnership
- carry on a business, or part of it, in the UK
- supply goods or services
- annual turnover of £36million+
5
Q
what must a MDS statement include?
A
- steps firm has taken in a year to ensure no trafficking or slavery is taking place in any part of the business or supply chain
- OR statement that it has taken no such steps
6
Q
what can a MDS statement include?
A
- structure, business and supply chains
- policies on slavery & human trafficking
- due diligence covering slavery & trafficking
- steps it has taken to assess & manage riskier parts of its business & supply chain
- training about slavery & trafficking available to staff
