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:

Compliance Reporting

Review compliance function effectiveness and reporting to the Board, and general “health checks” to provide feedback on areas of concern.

Compliance Monitoring

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.

Corporate Governance

Perform Governance Reviews and assessment of Boards Effectiveness.

Compliance Support

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.

Internal Audit

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.

Controls Testing

- ISAE 3402 Type I and Type II reports
- Specific control effectiveness reviews

Law Society Reporting

Accountant reports for Jersey Law Society Reporting.

Due Diligence

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.