CASS 7 Audit Firms in Glasgow: Companies and Services Guide
AC
Acumon Chartered Accountants·13 min read
Choosing a CASS 7 audit provider in Glasgow is more than a routine compliance step. For FCA-regulated firms that hold or control client money, the audit can affect how confidently they manage segregation, reconciliations, records, and wider client asset controls.
Glasgow is served by a mix of audit and assurance firms, from larger professional services networks to specialist practices working with financial services businesses. Each firm may bring different experience in CASS reporting, regulatory assurance, control testing, and support for firms subject to the FCA’s Client Assets Sourcebook.
This guide highlights a selection of CASS 7 audit companies operating in Glasgow. Rather than ranking providers, the aim is to offer practical context - outlining who these firms are, the types of regulated businesses they typically support, and the areas where their audit and assurance work is most relevant.
Acumon
Acumon is a UK firm of chartered accountants and registered auditors providing CASS 7 audit services to FCA-regulated investment firms. The firm works with organisations ranging from growing owner-managed businesses through to larger corporate groups and regulated entities in the investment management sector.
CASS audit engagements are delivered in accordance with relevant FCA requirements and supported by a structured risk-based audit methodology. Acumon provides services in Glasgow as well as across the UK.
Acumon holds relevant regulatory authorisations through its ICAEW registration and FRC status, allowing the firm to undertake specialist CASS audits for firms subject to enhanced regulatory oversight in the United Kingdom. CASS audits are subject to additional regulatory supervision and quality requirements.
In addition to its UK audit registration, Acumon also holds audit licences in several international financial centres, including the Cayman Islands, British Virgin Islands (BVI), Jersey, and Isle of Man. These licences enable the firm to support international corporate groups where entities are located across multiple jurisdictions.
International group structures frequently involve a combination of UK operating companies and offshore holding entities, particularly in sectors such as investment management. Coordinating CASS audit work across these structures requires familiarity with cross-border client asset requirements and related processes.
Acumon works with finance teams and boards to support CASS 7 audit requirements while also helping organisations strengthen client asset protection processes, governance arrangements, and internal controls as they grow.
CASS 7 Audit Capabilities:
Acumon provides CASS 7 audit services across a wide range of organisational structures and sectors.
Regulated entities subject to FCA Client Assets Sourcebook requirements
CASS audit engagements are typically led by senior audit professionals with direct involvement throughout the engagement.
Regulatory Licences and Registrations:
Acumon holds several audit registrations that enable it to support organisations operating across multiple jurisdictions.
These include:
UK statutory audit registration
Public Interest Entity (PIE) audit licence
Jersey audit licence
Isle of Man audit licence
Cayman Islands audit licence
British Virgin Islands audit licence
These registrations allow the firm to provide audit services to groups that include entities in both the UK and key international financial centres.
Core Services:
In addition to statutory external audit, Acumon provides a range of services that support financial reporting and governance.
These include:
Statutory external audit
Group and subsidiary audits
Public Interest Entity (PIE) audits
Charity and not-for-profit audit
Audit of international group structures
Internal audit and governance reviews
Risk management and compliance support
Audit work is often delivered alongside discussions with management and boards regarding financial reporting processes and governance frameworks.
Many organisations initially encounter statutory audit requirements as they grow and exceed the audit exemption thresholds set out in the Companies Act.
Acumon works with businesses that are:
Approaching their first statutory audit
Preparing for external investment
Expanding into international markets
Operating within corporate group structures
Early engagement with an audit firm can help ensure that financial reporting systems and documentation are aligned with statutory audit requirements.
Address: 1-2 Craven Road, Ealing, London, W5 2UA, UK
Johnston Carmichael
Johnston Carmichael works with financial services firms that need support around CASS and safeguarding audit requirements. The company treats CASS as a specialist area rather than a standard audit add-on, which matters because client asset rules depend heavily on how each firm is structured, how its controls work, and how its systems are used day to day.
Johnston Carmichael has a dedicated CASS audit team with operational experience in regulated financial services. Their work covers reasonable and limited assurance engagements, with attention given to governance, controls, risk areas, FCA developments, and the way technology supports CASS compliance. The company also brings IT audit input into the process, which helps when key CASS controls sit inside systems, platforms, and applications.
Key Highlights:
Focus on CASS rules, safeguarding, governance, and controls
Experience with both reasonable and limited assurance engagements
IT audit support for systems and application controls
Management letters used to raise control findings and improvement points
Sedulo provides audit and assurance services for a range of organisations, including FCA-regulated firms that need client asset audit work. The company’s audit approach is built around clear communication, realistic timetables, and feedback on systems and accounts rather than treating the audit as a narrow filing requirement.
Sedulo includes client asset CASS audits within its wider assurance services. Their audit team has experience across private, public, not-for-profit, listed, and regulated organisations, with several senior team members having worked in larger audit firms or financial services settings.
Key Highlights:
Provides client asset CASS audits for FCA-regulated firms
Glasgow office listed among the company’s UK locations
Audit team includes Big Four and financial services experience
Provides feedback on systems, accounts, and control weaknesses
Grant Thornton works with financial services firms on audit, assurance, and advisory matters linked to CASS and client asset protection. Their CASS-related work is shaped by the changing scope of the FCA’s Client Assets Sourcebook, including the wider move toward safeguarding, payment firms, e-money firms, and future digital asset rules.
Grant Thornton’s CASS commentary places strong focus on governance, systems, controls, technology, and the quality of assurance expected by regulators. The company connects CASS audit work with broader questions around readiness, operational design, and how regulated firms adapt as rules continue to develop.
Key Highlights:
Works with financial services firms on CASS and client asset matters
Focuses on governance, risk, controls, and operational readiness
Covers the impact of safeguarding and digital asset regulation
Links CASS audit quality with FCA expectations and supervision
Brings financial services audit and regulatory advisory experience
RSM UK supports financial services firms with client money and client asset work linked to the FCA’s CASS rules. The company’s focus is on helping firms understand their obligations, check whether their arrangements are working properly, and improve the controls used to protect client money and assets.
For CASS 7 audit-related work, RSM UK brings together financial services risk, regulation, assurance, and operational review support. They work on areas such as CASS assurance reviews, forensic analysis, annual CASS audit preparation, internal reporting, management information, operational processes, and CASS resolution packs. RSM UK also places clear emphasis on the FCA’s scrutiny of segregation, allocation, CMAR reporting, and the wider risk of enforcement when client asset arrangements are weak.
Key Highlights:
Supports firms with client money and client asset compliance
Focuses on CASS rules, segregation, allocation, and CMAR reporting
Provides assurance reviews to assess CASS compliance
Covers operational processes, controls, reporting, and management information
Services:
CASS assurance reviews
Annual CASS audit preparation
Client money and asset compliance support
Forensic analysis for CASS evidence
Operational process review
Internal CASS reporting review
Contact Information:
Website: www.rsmuk.com
LinkedIn: www.linkedin.com/company/rsm-uk
Instagram: www.instagram.com/rsm.uk
Address: 4th Floor, G1 5 George Square, Glasgow G2 1DY
Phone: +44 (0)141 285 3900
Forvis Mazars
Forvis Mazars works with regulated firms that need support across CASS, safeguarding, governance, and assurance. Their CASS and Safeguarding work covers firms in investment and insurance business, as well as payment services and e-money providers where safeguarding rules apply.
Their team works with asset managers, banks, brokers, custodians, capital markets firms, payment services providers, and e-money firms. They also support regulated businesses with annual assurance reports, risk and control gap identification, and remediation work when issues are found.
Key Highlights:
Supports safeguarding work for payment and e-money providers
Works with banks, brokers, asset managers, custodians, and capital markets firms
Dedicated IT specialists support the review of systems and controls
Address: 100 Queen Street, Glasgow, G1 3DN, United Kingdom
Phone: +44 141 227 2400
BDO
BDO works with payment firms, e-money firms, and other regulated financial services businesses on safeguarding, assurance, and regulatory change.
For CASS 7 and related client money work, BDO’s experience is relevant where firms need audit or assurance input around segregation, reconciliations, internal governance, controls, breaches, and resolution planning. BDO can act as a qualified auditor for safeguarding audits under the Supplementary Regime, and they also support firms with gap analysis, health checks, remediation, training, monthly returns, and preparation for new rule requirements.
Key Highlights:
Works with regulated firms on safeguarding and client money controls
Focuses on reconciliations, records, governance, and resolution packs
Can undertake safeguarding audits as a qualified auditor
Supports firms preparing for the FCA’s Supplementary Regime
Provides gap analysis and health checks against new requirements
Address: 2 Atlantic Square, 31 York Street Glasgow, G2 8NJ , United Kingdom
Phone: 0141 248 3761
PwC
PwC works with financial services firms on CASS, safeguarding, regulatory assurance, and wider risk matters. The company’s CASS-related work is connected to the FCA’s client money rules, including how firms safeguard, segregate, reconcile, and evidence the handling of client money under CASS 7.
The firm also covers the shift toward a CASS-style safeguarding regime for payments and e-money firms. PwC places weight on books and records, reconciliations, resolution packs, monthly regulatory returns, oversight responsibilities, third-party arrangements, and preparation for audit requirements. Their CASS contacts include specialists in regulatory assurance, CASS, internal audit for financial services, and digital assets regulation.
Key Highlights:
Works with firms on CASS 7 and regulatory assurance
Covers segregation, internal reconciliations, and external reconciliations
Reviews bank acknowledgement letters and client money account controls
Focuses on safeguarding changes for payments and e-money firms
Supports preparation for CASS-style audit and reporting duties
Services:
CASS 7 audit support
Regulatory assurance
Client money control review
Safeguarding readiness support
Gap analysis against proposed rules
Reconciliation and record-keeping review
Contact Information:
Website: www.pwc.com
Facebook: www.facebook.com/PwCUK
LinkedIn: www.linkedin.com/company/pwc-uk
Instagram: www.instagram.com/pwc_uk
Address: 120 Bothwell Street, Glasgow G2 7JS , United Kingdom
Phone: +44 (0)141 355 4000
SRG
SRG provides audit services from its Glasgow and London offices, with financial services listed among its sector areas. The firm’s audit work covers statutory audits, internal audit, risk-based audit work, and clear reporting, with a focus on helping businesses meet regulatory requirements and understand where controls may need attention. For CASS 7-related work, SRG is relevant for firms that need audit input around client money protection, segregation, reconciliations, and resolution packs.
Key Highlights:
Provides audit services for financial services businesses
Covers statutory audit, internal audit, and risk-based audit work
Focuses on regulatory compliance and clear audit reporting
Services:
Statutory audit
Internal audit
Risk-based audit
Financial services audit support
CASS 7 audit-related support
Client money segregation review
Reconciliation review
Contact Information:
Website: www.srgcas.com
Address: Turnberry House, 175 West George Street, Glasgow G2 2LB
Phone: 0141 221 9922
Deloitte
Deloitte works with financial institutions through a dedicated CASS Risk Advisory team. They are centred on helping firms understand how the CASS rules apply to their business, how their control environment is built, and whether those controls are strong enough to stand up to external review.
Deloitte’s CASS services cover oversight support, advice, training, FCA regulatory visits, remediation, risk and control work, and support during business or regulatory change. The company also focuses on agreeing the factual accuracy of findings during an engagement and raising issues early, so firms can work on remedial action before problems sit unresolved for too long.
Key Highlights:
Dedicated CASS Risk Advisory team
Works with a wide range of financial institutions
Supports firms with CASS interpretation and control design
Covers CASS oversight, regulatory visits, remediation, and training
Raises potential compliance issues during the engagement process
Services:
CASS risk advisory
CASS control environment review
CASS SMF and oversight support
Ad-hoc CASS advice
FCA regulatory visit support
Audit findings and remediation support
Risk and control management
Contact Information:
Website: www.deloitte.com
Facebook: www.facebook.com/deloitteuk
Twitter: x.com/deloitteuk
LinkedIn: www.linkedin.com/company/deloitte
Address: 110 Queen Street, Glasgow, G1 3BX, United Kingdom
Phone: +44 (0)141 204 2800
KPMG
KPMG works with regulated financial services firms on CASS compliance, client asset controls, and wider regulatory change. The company focuses on the core purpose of the FCA’s CASS rules: keeping client money separate from firm money, registering custody assets correctly, and making sure client assets are protected if a firm fails.
KPMG’s CASS work covers assurance, monitoring reviews, CASS resolution packs, CMAR reviews, transformation work, operating model support, health checks, and training. The company also works with firms on newer regulatory areas, including CASS 15 for payment and e-money firms, SMCR accountability, and digital assets regulation.
Key Highlights:
Focuses on CASS compliance and client asset protection
Covers client money segregation and custody asset registration
Supports CASS RP, CMAR, monitoring, and control reviews
Works on CASS transformation and operating model changes
Services:
CASS compliance review
CASS 7 audit-related support
Client money control review
CASS RP review
CASS monitoring reviews
CASS health checks
Internal audit and compliance support
Contact Information:
Website: kpmg.com
Facebook: www.facebook.com/KPMG
Twitter: x.com/kpmguk
LinkedIn: www.linkedin.com/company/kpmg-uk
Address: 319 St Vincent Street, G2 5AS , Glasgow, UK
Phone: +44 (0) 141 226 5511
EY
EY offers assurance services for organisations that need independent review, reporting confidence, and support around risk, governance, and controls. In a CASS 7 audit context, the work is linked to how regulated firms hold, segregate, reconcile, and control client money under the FCA’s Client Assets Sourcebook.
For CASS 7-related work, EY is relevant where firms need assurance over client money processes, including internal and external reconciliations, segregation of funds, trust account controls, IT systems, static data, and spreadsheets used in CASS operations. The company’s wider assurance work also connects with transparency, reporting quality, and control testing, which are important when client money arrangements need to stand up to regulatory and auditor review.
Key Highlights:
Provides assurance services linked to reporting, risk, and controls
Relevant to CASS 7 work involving client money and segregation
Covers internal and external reconciliation processes
Reviews control areas around trust accounts and client money records
Can assess systems, static data, and spreadsheets used in CASS operations
Services:
Client money control review
Internal reconciliation review
CASS 7 audit-related support
External reconciliation review
Segregation and trust account control review
IT general controls review
Contact Information:
Website: www.ey.com
Facebook: www.facebook.com/EY
Twitter: x.com/EYnews
LinkedIn: www.linkedin.com/company/ernstandyoung
Address: G1 Building, 5 George Square, Glasgow G2 1DY
Phone: +44 141 226 9000
Conclusion
Choosing a CASS 7 audit provider usually comes down to more than location. Glasgow-based firms may prefer a provider with a local office or Scottish presence, but the more important point is whether the audit team understands FCA-regulated businesses, client money rules, reconciliations, segregation, CASS resolution packs, and the systems behind those controls.
A good fit will usually depend on the firm’s size, business model, CASS footprint, and level of internal compliance support. Some organisations may need a large audit and assurance team with broader regulatory resources. Others may be better suited to a more focused firm that can provide direct communication and a practical review of client money processes.
This guide is not intended to rank CASS 7 audit companies in Glasgow. Its purpose is to give businesses a clearer starting point when comparing providers, reviewing their CASS experience, and deciding which firm is most relevant to their own regulatory and operational needs.
AC
Written by the Acumon team
Acumon is an ICAEW-registered firm of chartered accountants and registered auditors
based in London, with offices in Pitstone, Aylesbury and Bournemouth. Need advice on
anything covered here? Talk to us.
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