Regulatory Compliance Audits for Professional Services Firms
This offering is designed for firms that want a clear, defensible view of their regulatory compliance posture—before a regulator, peer reviewer, or complaint forces the issue. It reflects how experienced compliance auditors actually evaluate professional practices: systematically, evidence-based, and grounded in real regulatory expectations.
The focus is not just identifying gaps, but helping firms build durable compliance systems that support growth, protect licenses, and reduce professional liability exposure.
Built for the Realities of Professional Services Regulation
Professional services firms operate under overlapping ethical, regulatory, and quality control standards that vary by service line and jurisdiction. This audit approach is designed to navigate that complexity.
- Covers accounting, legal, consulting, and advisory practices
- Aligned with AICPA, PCAOB, ABA, and ISO quality standards
- Scales from small practices to multi-office firms
Comprehensive, Evidence-Based Examination
The audit combines file reviews, system testing, and staff interviews to assess both firm-wide controls and individual practitioner compliance.
- Independence and conflict-of-interest testing
- Engagement acceptance and documentation review
- Quality control system design and execution
- Trust account handling and client fund segregation
Regulatory Risk You Can Clearly See
Findings are classified by severity and regulatory exposure, allowing leadership to understand where immediate action is required and where improvement can be planned.
- Clear distinction between critical, high, medium, and low-risk issues
- Explicit linkage to potential sanctions and regulatory consequences
- Identification of systemic versus isolated deficiencies
Coverage Beyond Technical Standards
Regulatory compliance extends into daily practice management. This audit examines the operational controls that often trigger regulatory findings.
- Licensing verification and continuing education compliance
- Professional liability insurance adequacy
- Billing practices and fee arrangement restrictions
- Supervision, review, and escalation procedures
- Technology security and data protection controls
Peer Review and Regulator Readiness
The assessment incorporates prior peer review results and regulatory correspondence to ensure recurring issues are addressed at the root.
- Trend analysis against prior findings
- Alignment with peer review expectations
- Preparation for regulatory exams or follow-up inquiries
Actionable Remediation, Not Just Findings
Each gap is paired with a practical remediation plan that firms can realistically execute.
- Prioritized corrective actions tied to risk severity
- Clear ownership and accountability
- Defined timelines aligned to regulatory urgency
- Monitoring steps to prevent repeat issues
Executive-Ready Reporting
The final output is structured for leadership decision-making and external scrutiny.
- Overall compliance score and risk profile
- Clear summary of critical findings and exposure
- Detailed support for every conclusion
- Audit-ready documentation trail
Best suited for firms that view compliance as a core business discipline—one that protects reputation, supports quality delivery, and stands up to regulator and peer review scrutiny.