Management of Finances Audit

• Conducted on

  Date

• Prepared by

• Location

  Select

• Name of resident:

• Does the Care Plan clearly state if the resident has an appointee, LPOA or deputyship in place?

  Yes

  No

• Does the Care Plan clearly state if the resident has capacity to manage their own finances?

  Yes

  No

• Does the Care Plan clearly state the level of support that the resident requires with managing their own finances?

  Yes

  No

Recording

• Is there evidence that all financial transactions completed by staff using a service user’s funds are properly recorded and accounted for and receipts are availble?

  Yes

  No

• All staff are aware that the bank card and pin number should be stored apart at all times when not in the locked box?

  Yes

  No

• The locked box is stored in the service users flat or an office, not in any other locations.

  Yes

  No

• There is evidence that each and every financial transaction completed for the service user should also be entered and signed for. Double signing at handover balances. Each entry has been dated and supported by a receipt wherever possible. The ongoing balance is recorded.

  Yes

  No

Staff feedback

• Staff Member Initials

• Do you have any concerns regarding the resident and management of their finances?

  yes

  no