Regulatory Audit

Regulatory Audit
Many organisations are obliged to obtain independent verification of financial and other information reported to regulators. Others voluntarily seek independent verification to avoid factual errors and the risk of non-compliance.

Regulatory audits include, but are not limited to:
Australian Prudential Regulation Authority (APRA) assurance engagements in respect of compliance with prudential requirements and statutory reporting for Approved Deposit-taking Institutions (ADI) e.g. for Basel’s Standardised and Advanced ADIs.

Australian Securities and Investment Commission (ASIC) assurance engagements in respect of the adequacy of compliance plans for registered managed investment schemes.

Provision of assurance in respect of the Australian Financial Services Legislation audit requirements, as well as supporting companies to comply with the specific financial requirements relating to their licence.

Superannuation trustees and administrators rely on regulatory compliance audits and reviews to satisfy their complex compliance obligations required by APRA’s prudential requirements and ASIC (by way of the Superannuation Industry (Supervision) Act).

How we can help
Armada Audit practice assists clients fulfil a range of compliance obligations by conducting independent audits and reviews of financial information and other data. We help our clients identify incidences of non-compliance and increase confidence in the integrity of the information, systems and processes under review.

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