Prudential audit
Checking whether the prudential requirements are complied with and if the conditions are met in order for them to continue to exist in a foreseeable future.
Forvis Mazars has all the licenses issued by Federal Audit Oversight Authority (FAOA) to audit:
- Insurance and reinsurance companies
- Banks
- Institutions subject to the Financial Institutions Act (securities dealers, asset managers, managers of collective investment schemes and fund management companies)
- Products subject to the Collective Investment Schemes Act (CISA)
- Financial market infrastructures
- Central mortgage bonds institutions
- Self-regulatory organisations (SROs)
Within our assignments of prudential audit, we perform:
- Recurring regulatory audit: Regular audit of the adherence to fundamental prudential requirements for FINMA regulated entities
- FINMA License Application audit: Audit of the license application for entities seeking a FINMA license, including banks and institutions subject to the Financial Institutions Act (securities dealers, asset managers, managers of collective investment schemes and fund management companies)
- Additional audits in specific fields of audit determined by FINMA in addition to the standard audit strategy
- Case-related audits which may be assigned by FINMA or our clients
- AML and ethical requirement audits for clients member of a self-regulatory organisation (SRO)
Want to know more?
Stefan Müller Partner - Head of Audit & Assurance FS - Zurich
