Regulatory Audit
Legal review of obligations, controls and evidence of regulatory compliance.
The regulatory review compares the activities actually carried out with the requirements applicable to the institution. Its scope must identify the rules, period, units and documents examined, so that the conclusions do not extend beyond the coverage of the work. The existence of a written policy does not, by itself, show that the control works. Evidence of execution, approval records and the handling of exceptions are important for understanding how the rules are applied in practice.
The legal advisory work organizes findings, grounds and remediation priorities, allowing responsibilities to be assigned and corrective measures to be monitored. The work may cover governance, contracts, reporting and anti-money laundering controls, depending on the defined scope. A legal review does not replace a financial audit, technical security testing or other functions required by regulation. Nor does it represent a certification of the absence of irregularities. The usefulness of the diagnosis depends on sufficient documentation and on updates whenever the business model or regulation changes.
Our work
- Mapping of requirements and evidence of compliance
- Legal reports on findings and recommendations
- Documentary monitoring of remediation plans
Does a regulatory review replace a mandatory financial audit?
No. These are works with different subject matters, competencies and requirements. The legal report must state its scope clearly and must not assume coverage of accounting or technological testing that was not performed.
Editorial review: