Business and Regulatory Advisory
We understand that not everything can fit into a regular service category, particularly with an ever changing economic and regulatory environment. You need a flexible and innovative business advisor who can navigate and advise you using their best practice knowledge to assist you.
Our advisory service offering includes:
- Regulatory Advice and Assurance
- IT Advisory & Assurance
- Due Diligence
- Special Financial Reporting Requirements
For more information about how our business and regulatory advisory services please click here to contact Ewan.
"Our requirement was for the audit of the previous accounting period and the current period up to the date of the transaction......I felt that the budget was competitive and the assignment was completed in time and on budget. In addition, the team was very "user friendly."
Director - UK Real Estate Developer / Manager
Our team has extensive experience working with clients providing specialist regulatory advice and Assurance.
We offer a range of services, including but not limited to;
Regulatory Advice and Assurance
Our team have extensive experience working with clients providing specialist regulatory advice and assurance.
We offer a range of services including:
Review compliance function effectiveness and reporting to the Board, and general “health checks” to provide feedback on areas of concern.
Assist with providing qualified resources to execute monitoring programmes and provide a critical review of the Compliance Monitoring Programme and Reporting.
Regulatory Health Check
Assist clients with performing a regulatory health check and producing practical solutions and enhancements.
Perform Governance Reviews and assessment of Boards Effectiveness.
Provision of regulatory project support and qualified resources to assist with regulatory compliance projects or the day to day work where there are resource constraints.
Provision internal audit resources or be Internal Audit Co-Sourced provider, working with Management to to design and execute an audit plan for the purposes of evaluating the adequacy and effectiveness of policy, procedures and controls adopted by the business.
Client Asset Review
Independent assurance report on the effectiveness of client asset controls as required by the JFSC Codes of Practice.
Remediation Effectiveness Reviews
Pre-and-post regulatory review support.
- ISAE 3402 Type I and Type II reports
- Specific control effectiveness reviews
Law Society Reporting
Accountant reports for Jersey Law Society Reporting.
Our team has acted in a number of due diligence transactions, whether initiated by the vendor or the buyer to support acquisitions (including a management buyout ("MBO"), mergers, restructurings or liquidations.
We utilise our team's experience as well as work with our ease of calling upon experts from within the Baker Tilly International Network to assist clients. In particular we work closely with our colleagues in the UK.
The scope of a financial due diligence is always "deal specific" but typically includes:
- In-depth analysis of historic performance including revenue, working capital, cash flows, assets and liabilities
- Review of management capital including “normalised” working capital requirements
- Review of financial systems and controls and
- Review of the tax position
Forensic Accounting and Special Financial Reporting Requirements
There are instances where the accounting policies and standards become less black and white and highly complex. Our highly skilled and qualified experts in UK GAAP, US GAAP and IFRS along with the close collaboration with the Baker Tilly International network, allow us to advise on a wide array of specialist requirements.
Such examples include:
- Agreed upon procedures
- Change in accounting policies
- First time adoption to IFRS
- Acquisitions and disposals
- Adhering to local company law requirements
- Forensic accounting and investigations
Our approach is not only to clarify the facts, but we also help you make the best possible decision that best fits the business based on the potential options available.
Digital Assets & Blockchain Services
The financial service sector has seen rapid changes over the decades due to the evolution of Financial Technology (“Fintech”) creating new opportunities and challenges. The sector is facing another disruption in the form of blockchain, cryptocurrencies and other distributed ledger technology (“DTL”). At Baker Tilly Channel Islands, we understand the full spectrum of the distributed ledger ecosystem allowing us to map your organization’s potential risk and opportunities in this ever-changing industry. To find out more about this service, please click here