Compliance Testing and Audits
Regulators expect financial institutions to develop and implement a formal compliance program designed to assist in effectively managing business risk and compliance concerns inherent in a fiduciary environment. Compliance with laws, regulations and internally developed policies and procedures is a fundamental element of a sound compliance program. Kropschot Consulting Partners’ skilled and experienced team stands ready to perform risk-based compliance testing, audits and other reviews. Upon completion of our work, we produce and distribute written reports of findings to leaders, governance committees and the board. We also perform follow-up to verify that corrective actions have been implemented timely and completely.