Internal audit services

An effective internal audit requires a diversity of skills that many companies find difficult to source and retain. Increasing numbers of companies are leveraging the benefits of outsourcing to support their corporate governance and risk management requirements.


The internal audit’s objective is fundamentally assurance, supporting and helping embed a culture of risk awareness in a firm. Looking at the past and present to provide assurance that all activities are being carried out in accordance with the written policy, procedure and relevant regulations.

FAI Comply assists clients by providing a fully outsourced service that executes a full-scope, risk-focused internal audit plan with a designated in-house contact, who reports to the board of director of our clients. This includes:

  • Implementing an internal audit charter with the board

  • Implementing a risk-based internal audit plan

  • Evaluating and contributing to the improvement of governance, risk management, and regulatory control processes using a systematic and disciplined approach

  • Periodic reporting to senior management and the board

  • Providing ongoing support services

  • Prepare the annual report of the internal auditor for submission to CySEC

At FAI Comply, we tailor each package to suit our clients’ needs, from providing training, support and guidance, to overseeing each and every function and being fully outsourced. This is done through our consulting process, which involves gaining a deep understanding of our client’s needs and goals. From investment firms, payment services providers, straight-through processing models and complex market makers, to portfolio management and investment advice, we are able to put in place and oversee all the necessary requirements of the regulator.

Compliance services

Trading Floor

Compliance services

In today’s financial services industry nothing could be more important to the success and continuation of the business than to ensure that firms stay on the right side of their relevant regulations.

Contract Review

ICAAP & Capital Adequacy reporting

The "Internal Capital Adequacy Assessment Process” (ICAAP) is an overall valuation of the risks a financial institution faces, how they intend to mitigate those risks and how much current and future capital is needed having considered other mitigating factors.

Documents and Blurred Business Men

Anti-money laundering

Insider trading, collusion, terrorist financing and money laundering, among other things, means that compliance and anti-money laundering (AML) carry considerable risk.

Document with Pen

Due diligence & investigations

Our team of experts at FAI Comply is able to assist your company in this changing landscape and offer high-quality advice on a broad range of regulatory issues. We seek to understand your business and provide you with practical and cost-effective solutions, through our responsive and flexible approach.

Image by Sammie Vasquez

Risk management services

In the financial world, the ever-evolving set of regulations following the recent financial crises have highlighted the critical importance of having highly defined risk management controls.

Calculator

Internal audit services

An effective internal audit requires a diversity of skills that many companies find difficult to source and retain. Increasingly companies are leveraging the benefits of outsourcing to support their corporate governance and risk management requirements.

  • LinkedIn
  • Facebook
  • Twitter

Proudly supporting

Cyprus Rugby Logo
limassol crusaders rugby logo

© 2020 FAI Comply. Website designed and maintained by Black Rocks Marketing