In order to prepare for an audit, the following steps should be taken:
- 1Appoint auditors - these must be impartial of the process being audited, avoiding conflicts due to reporting lines and have the correct competencies to conduct the audit.
- Consider notice - identify who the auditee(s) are and establish contact to inform them and schedule interviews, as well as determine if a guide, observer, interpreter or any additional technical expertise is required.
- Management commitment - audits must be supported by management and buy in will aid with the availability of auditees.
Please find more information here.
related BLog
No items found.
"
URM's diligence during these audits has resulted in the business as a whole pulling together to collectively ensure that we up to par with the requirements. While our working relationship with URM’s consultant is fantastic, we are held to account for every bullet point of every requirement on every audit, which is precisely what we expect.
Open Banking Platform
contact US
Let us help you
Let us help you in your compliance journey by completing the form and letting us know how we can best support you.