Thank you for your question.
Our financial services team is experienced in compliance and can provide independent reviews of compliance arrangements. Our on-site visits take between half-a-day and three days, depending on the nature and size of the business. We speak with key people in the organisation, and review office policies and procedures, as well as client files. We then typically make an assessment of your compliance arrangements in light of the AFSL conditions, obligations under the Corporations Act and Regulations, ASIC’s regulatory guides and industry best practice. We don’t just look at documentation – we strive to test how behaviours compliance lines up with procedural compliance.
We are also able to conduct short-form “issue spotting reviews”.
Sometimes, ASIC requires an AFS licensee to conduct a compliance audit using external compliance professionals. We have conducted reviews of this nature also.
Click here to read further information about the compliance review services we provide, or feel free to contact our office to discuss further.
