Company Monitor Support

FRA experts have worked closely with the business and cooperated with the monitor as needed to help companies minimize disruption, cut through complexity and re-gain a ‘clean bill of health’. The earlier we are engaged, the more proactive or pre-emptive our collaboration can be.

Experienced collaborators at your side

Monitors must prioritize maintaining independence and adhere to the given scope and reporting periods required by the authority. Having separate forensic advisers at your side means closer collaboration and specialist, technical expertise in developing, executing and testing remediation plans. These are core areas of expertise for FRA’s compliance and risk advisory teams.  

FRA’s senior partners and lean teams can help save you time and money by jointly navigating from start to finish:  

• triaging a company’s controls landscape;
• performing independent baseline risk and compliance program assessments;
• understanding a company’s systems and monitoring capabilities;
• identifying, collecting and managing relevant data in a compliant manner (including across jurisdictions);
• developing action plans to address critical issues;
• design and deliver training with a view to post-monitorship sustainability of the new program;
• managing the process from concept to execution efficiently; and
• communicating clearly to regulators and internal stakeholders.

Fair and focused, fit for regulators

Our historical evaluations of misconduct and bespoke risk assessments provide an objective basis for defining the focus of our action plan with the company in a way that is defensible to regulators. Our independent findings can add credibility to the company’s reporting thanks to our evidence-based approach that has seen our clients through numerous successful monitorships and regulatory compliance enhancement projects involving authorities.  

Practical and forward-thinking recommendations:

Tailored testing: After risk assessment and scoping, we leverage data analytics to tailor rigorous testing of existing and newly implemented controls to assess effectiveness against key risks, be they financial (e.g. expenses, payment processes, anti-fraud) or non-financial (e.g. geographic, cultural).    

Practical recommendations: Rigorous testing provides a concrete basis for practical solutions that we design to better align governance and internal controls. Our recommendations balance the company’s compliance maturity and resources against industry best practice to find the optimum solution.

Technical compliance: Sector-specific regulatory risk (e.g. environmental regulations) can be inherently linked to corporate compliance risk. FRA has recently been trusted to address these two areas of risk in the context of a monitorship, due to our experts ability to adapt our methods and work with consulting experts to bring complex technologies and technical business areas into our remediation plan.