Audit of Compliance and Risk

Kroll's review would assess whether the compliance and risk functions are fit for purpose and ensure that all regulatory and other requirements are met through adequate policies, processes and procedures within your firm.

Contact us
/en/services/financial-services-compliance-and-regulation/uk-compliance-services/compliance-and-risk-audit /-/media/feature/services/financial-services-compliance-and-regulation/compliance-and-risk-audit-desktop-banner.jpg service

Most functions within a firm are audited and monitored on a frequent basis by the compliance and risk functions. However, the review and assessment of these functions themselves is frequently overlooked, especially if the firm does not have an Internal Audit function or resources allocated to it.

Under the overarching organizational requirements of SYSC 4 and the more specific requirements of SYSC 6 and 7, firms are required to ensure that they have adequate compliance and risk functions as demanded by their nature and complexity and the regulated activities that they undertake. There is increasing focus in the marketplace and from investors on operational risk, the role of the control environment and the compliance function.

For a firm to have confidence in the ability of its compliance and risk functions, it may become necessary to request an independent party to review and comment upon the validity of its operations, and the effectiveness and coverage of the activities of the oversight functions. Those responsible for managing these functions are facing constantly shifting goalposts, and without an independent expert health check, it is possible to fail to meet requirements or to allow areas to fall behind the curve of expectations. The regulatory environment is turbulent and the requirements placed upon firms frequently shift. 

Kroll's review would be tailored to provide the firm with an analysis of the appropriateness of the compliance and risk functions, taking into consideration the nature, complexity and size of the firm as well as assurance that the stated policies and processes are followed through an independent examination. We would assess key documents and interview key personnel in the functions plus senior management if required. The output can be either formal or informal.

Related Team

Connect with us

Ian Manson
Ian Manson
Managing Director
Financial Services Compliance and Regulation

See all servicesStay Ahead with Kroll


Valuation of businesses, assets and alternative investments for financial reporting, tax and other purposes.

Compliance and Regulation

End-to-end governance, advisory and monitorship solutions to detect, mitigate and remediate security, legal, compliance and regulatory risk.

Corporate Finance and Restructuring

Middle Market M&A, Strategic Advisory, Debt Advisory and Private Capital Markets, Restructuring and Insolvency Services, Financial Due Diligence, Fairness Opinions, Solvency Opinions and ESOP/ERISA Advisory.

Cyber Risk

Incident response, digital forensics, breach notification, managed detection services, penetration testing, cyber assessments and advisory.

Environmental, Social and Governance

Advisory and technology solutions, including policies and procedures, screening and due diligence, disclosures and reporting and investigations, value creation, and monitoring.

Investigations and Disputes

World-wide expert services and tech-enabled advisory through all stages of diligence, forensic investigation, litigation, disputes and testimony.

Business Services

Expert provider of complex administrative solutions for capital events globally. Our services include claims and noticing administration, debt restructuring and liability management services, agency and trustee services and more.


Global Enforcement of Anti-Money Laundering Regulation: Shift in Focus

Mar 17, 2022

by Monique MelisMaria EvstropovaKen C. Joseph, Esq.Hannah RossiterAlan KeatingMalin NilssonAaron  Weiss