THIRD PARTY COMPLIANCE AUDITS & VALIDATION

We assist you to define the objectives and scope of the compliance audit or validation process, including key areas of focus, regulatory requirements, and contractual obligations.

Assist you to Identify the third-party vendors or partners to be audited or validated and gather relevant documentation, contracts, agreements, and compliance-related information.

We assist you to assess the compliance risks associated with the third-party vendors or partners, considering factors such as industry sector, geographic location, nature of services provided, and level of regulatory scrutiny.

We review the compliance framework and policies of the third-party vendors or partners, including codes of conduct, ethics policies, anti-corruption measures, controls, and other relevant compliance programs.

We examine documentation and records to verify compliance with regulatory requirements, contractual obligations, and industry standards, including licenses, permits, certifications, audit reports, and training records.

We conduct on-site visits or interviews with key personnel from the third-party vendors or partners to gain insights into their compliance practices, processes, controls, and culture.

We perform testing and validation of compliance controls, procedures, and systems to assess their effectiveness in mitigating risks and ensuring regulatory compliance.

We assist you to verify the accuracy and reliability of data, reports, and certifications provided by the third-party vendors or partners through independent verification and validation procedures.

We assist you to identify any gaps, deficiencies, or areas of non-compliance uncovered during the audit or validation process and assess their impact on regulatory compliance and contractual obligations.

We document the results of the compliance audit or validation process, including findings, observations, recommendations, and corrective actions, in a comprehensive audit report.

We communicate the audit findings to relevant stakeholders, including senior management, legal counsel, compliance officers, and the third-party vendors or partners.

We assist you to collaborate with the third-party vendors or partners to develop and implement remediation plans to address identified issues, mitigate risks, and enhance compliance controls.

We can conduct follow-up audits or validation checks to monitor progress, verify corrective actions, and ensure ongoing compliance with regulatory requirements and contractual obligations.