Internal Control Review
電話：+852 3955 0277
What ComplianceOne can do for you
✔ Analyze gaps between current practices and the requirements of AML/CFT policies, procedures, and internal controls
✔ Develop comprehensive AML/CFT policies, procedures, and internal control documents
✔ Deliver compliance training sessions
✔ Prepare independent AML/CFT audit reports
✔ Provide complimentary name screening credits (www.edon.asia)
✔ Arrange report signing by a practicing CPA (value-added service)
Timeline
The scope of work follows a three-stage process: Planning, Testing, and Reporting.
During the Planning stage, we will understand your business and identify key risk areas. In the Testing stage, we will conduct interviews and test your key controls to assess their effectiveness. Finally, in the Reporting stage, we will hold a meeting to discuss our findings and practical recommendations, then prepare a comprehensive audit report.
The entire process typically takes weeks to months to complete, depending on the complexity and scope of the engagement.
External Reference
ACCA – Internal Controls
Management, supervision and internal control guidelines for persons licensed by or registered with the Securities and Futures Commission
HKEX – Listing Rules – Corporate Governance Code
https://en-rules.hkex.com.hk/sites/default/files/net_file_store/HKEX4476_3828_VER38879.pdf
Contact Us
For more information or to request a quotation, please feel free to contact us:
WhatsApp: +852 39550277
WeChat: ComplianceOneHK
Email: info@complianceone.hk
Disclaimer
The information contained on this page is summarized from public sources, including the official website of the Securities and Futures Commission (SFC) (www.sfc.hk), for general informational and educational purposes only. This content does not constitute legal or professional advice and should not be relied upon as such. The views and summaries expressed herein are the personal views of ComplianceOne Consulting Limited and do not represent the official position of the SFC or any other regulatory body. For specific legal advice regarding your situation, please consult a qualified legal professional.
For complex financial institutions and enterprises—such as licensed corporations and listed companies—a robust internal control framework is not merely a regulatory requirement, but a fundamental pillar of operational integrity. When control deficiencies are identified—whether through a regulatory inspection, internal audit, or self-assessment—organizations are expected to take prompt remedial action. In more severe cases where weak controls expose client assets to risk, regulators may mandate the appointment of external consultants to conduct an independent review as a protective measure.
Our Internal Control Review service is tailored to help your organization address regulatory findings, strengthen governance, and enhance operational resilience. The scope of our work includes:
Scope of Services:
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✓ Review the organization’s existing internal systems and controls, policies, procedures, and operational practices relevant to the review scope, addressing specific regulatory concerns.
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Conduct a gap analysis between current practices and the requirements of applicable policies, procedures, and internal controls.
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Perform walkthroughs of key processes and controls to assess the design effectiveness of internal control procedures and recommend areas for improvement.
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Execute sample testing of key controls to evaluate the operating effectiveness of relevant internal control procedures and measures.
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Develop comprehensive policies, procedures, and internal control documents.
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Deliver compliance training sessions tailored to your organization's needs.
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Provide a written report setting out the facts, observations, conclusions, and recommendations arising from the review.
Our Approach:
During the review process, we will:
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Conduct interviews and discussions with management and key personnel to understand relevant business activities, workflows, and the progress of remedial actions (if applicable).
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Request documents and data from your organization relevant to the scope of review.
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Review existing written policies and procedure documents.
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Assess the design and operating effectiveness of key controls through walkthroughs and sample testing.
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Provide practical recommendations to enhance your internal control framework.