A financial audit says whether your accounts give a true and fair view. A compliance audit answers a different question: does your organisation comply with the rules that apply to it? Laws and regulations, financing agreements, contracts, internal procedures: we check each obligation, on documents and on site, then rank the gaps by what they put at risk.
What we do
- Legal and regulatory compliance: legal, tax and employment obligations, and the licences and authorisations specific to your activity.
- Compliance with financing agreements: eligibility of expenditure, procurement rules and reporting obligations set by the donor.
- Public procurement compliance: award and performance of contracts.
- Contractual compliance: contracts, concessions, specifications and commitments made to your partners.
- Compliance with internal procedures: whether the procedures manual and the delegations of authority are actually applied.
- Anti-money laundering and counter-terrorist financing (AML/CFT) arrangements, for organisations subject to them.
- Personal data protection: formalities, information given to individuals and security measures.
- For banking institutions within scope, review of controls and prudential reporting related to Basel III under the applicable WAMU framework.
Our approach
Criteria
We agree with you the list of texts, contracts and procedures to be checked: these are the compliance criteria of the engagement.
Testing
Each obligation is checked on documents and on site: records, samples of transactions, interviews with those responsible.
Findings
Gaps are ranked by seriousness, with the risk incurred: penalty, repayment, nullity of an act, loss of a licence.
Remediation
An action plan sets out the corrections, the owners and the deadlines; we follow it up if you wish.
What you receive
- Compliance matrix, obligation by obligation.
- Compliance audit report: ranked findings and risks incurred.
- Remediation plan, with owners and deadlines.
- Follow-up of the implementation of recommendations.