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, the following:

Basel II Prudential Return reviews which aim to ensure capital allocation is more risk sensitive, separating operational risk from credit risk, quantifying both and attempting to align economic and regulatory capital more closely.

Regulatory compliance audit and reviews which aim to provide assurance in respect of compliance with regulatory requirements and statutory reporting for regulated entities. Our audit deliverable is a declaration report in accordance with the relevant Orders under the Financial Services (Jersey) Law 1998 (the ‘Law’) for entities regulated in the conduct of Fund Services Business, Trust Companies Business, Investment Business or General Insurance Mediation Business.

© 2012 KPMG Channel Islands Limited, a Jersey Company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.

KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.