CAPA’s auditors have been instructed to conduct forensic audits at more than 60 properties at Jollyes – the pet superstore with outlets around the UK.
The Audit team at CAPA will be working across 66 sites at Jollyes, one of the country’s largest retail and pet services brands. The business has more than 600 staff and posted a £2m pre-tax profit for 2018.
CAPA’s team will now inspect all accounts payable data and information related to property costs at the 66 sites.
They will deploy bespoke software to conduct a forensic analysis of the information, in a bid to identify any anomalies, errors or overspend on elements including invoices paid to suppliers, utility bills or service charges.
If any overspend or errors are uncovered, the auditors will look to recover the sums for Jollyes’ balance sheet. The instruction is one of many ‘live audits’ CAPA is conducting for household brands, which include McDonalds.
Where companies have high numbers of sites, CAPA is called in as a strategic partner to help clients cut costs and find ways to recover cash that would otherwise have remained hidden.