Regulatory compliance is becoming increasingly complex and the power and reach of key regulators is ever widening. Within such a regulatory framework, companies are encouraged to strive for the following:
- Regulatory compliance within financial and non-financial reporting
- Financial reporting that applies both the spirit and the letter of law
- Strong corporate governance
- Compliance that is congruent with the company’s commercial objectives and risk management strategies.
Regulated Financial Service Businesses are required to comply with local Laws, Codes of Practice and associated Orders. These include Fund Service Businesses, Trust Companies, Investment Business or General Insurance Businesses.
How BDO can assist you
We are very prominent within our profession and have a wealth of experience with regulated businesses which is underpinned by our sector specialist approach. We are uniquely placed to provide advisory and assurance services to regulated businesses in order to help manage regulatory risk.
The key benefits BDO offers clients
- A deep understanding of current and future regulatory requirements.
- Assurance that regulatory requirements are met.
- Independent assurance of regulatory and financial reporting, including audit of regulatory reporting and compliance.
- Assistance in developing appropriate corporate governance.
- Advice and assistance in becoming authorised by a regulator.
- Benchmarking of compliance processes, internal control and quality of reporting.