Service
Risk management and internal audit
Independent assurance that governance, controls, and reporting stand up to regulator and board scrutiny.
Who it is for
Who this service is designed for
We tailor scope and evidence requirements to your operating model and license mix.
- Licensed firms preparing for regulatory inspections
- Boards seeking objective assurance on control effectiveness
- Firms scaling into new products or jurisdictions
Scope of engagement
Scope of engagement
Typical inclusions that define the engagement perimeter.
- Risk framework design and appetite alignment
- Internal audit planning and testing execution
- Findings documentation with remediation tracking
- Board-ready reporting and oversight support
Typical deliverables
Typical deliverables
Concrete outputs mapped to regulator expectations.
Risk framework and appetite
Documented risk taxonomy and board-approved appetite statements.
Internal audit plan
Audit universe, annual plan, and testing approach.
Control testing reports
Findings, root cause analysis, and remediation actions.
Management action tracker
Clear ownership and timing for remediation.
Engagement timeline
Engagement timeline
Indicative ranges based on complexity and jurisdiction.
Client responsibilities
Client responsibilities
Inputs and collaboration required for efficient delivery.
- Provide access to control documentation and evidence
- Confirm audit scope, priorities, and access permissions
- Assign remediation owners for findings
- Review reports and approve remediation plans
What success looks like
What success looks like
Conservative outcomes we aim to achieve with your team.
- Risk priorities documented with board visibility
- Testing results with clear remediation actions
- Evidence gaps identified and tracked to closure
- Audit reporting aligned to regulator expectations
Process
How we deliver
A structured approach that balances speed, regulator expectations, and operational realities.
Risk baseline
Define risk taxonomy, assess control maturity, and map regulatory expectations.
Audit execution
Test controls, assess evidence, and document findings with remediation guidance.
Follow-through
Support management action tracking and validate remediation effectiveness.
Regulatory outcomes depend on evidence and regulator review
We focus on defensible documentation and controls, but regulators determine outcomes.
Our audits provide an objective view of control effectiveness, but regulator conclusions depend on their own review and evidence assessment.
Case study
Related execution example
An anonymized engagement that reflects the scope and outcomes for this service.
Forex Brokers
Compliance programs, execution oversight, and licensing support tailored to multi-entity brokerage groups.
Prop Trading Firms
Risk, governance, and licensing readiness for prop firms scaling into regulated markets.
Cryptocurrency Exchanges
Regulatory alignment for virtual asset service providers across licensing, AML, custody controls, and reporting.
Related insights
Insights tied to this service
Relevant guidance and practical playbooks for this service area.
Best Execution Evidence for Multi-Entity Brokerages
How to build a defensible execution record without slowing trade operations.
Core Controls for VASP Licensing
A regulator-facing view of custody, travel rule, and transaction monitoring controls for virtual asset service providers.
Internal Audit Playbook for Regulated Firms
A lightweight audit approach that surfaces control gaps before regulators do.
FAQ
Service questions
If you need a tailored scope, we can walk through the details.
Can you support both risk frameworks and internal audit testing?
Yes. We can design the framework and execute testing under a coordinated plan.
Do you provide remediation support?
We help teams plan and track remediation, and can validate evidence once implemented.
How often should internal audits run?
We recommend aligning the audit plan to risk priority, regulatory expectations, and business change.
Next step
Scope a tailored compliance program
Book a call to discuss jurisdiction priorities, timelines, and evidence requirements.