Governance & Regulatory Compliance


Serving both privately owned and publicly traded clients.


SolomonEdwards’ Governance and Regulatory Compliance services bring deep expertise in US GAAP & IFRS accounting and reporting requirements for revenues. Our experts are established in serving both privately owned and publicly traded clients with projects focused on revenue recognition, revenue cycle process improvement, internal controls and financial reporting for revenues.

In a highly scrutinized corporate landscape, accounting and finance tasks play a crucial role in deciding how the organization meets its corporate governance and regulatory compliance policies.

Our primary areas of focus include:

  • Internal Audit, Risk & Compliance Advisory
    • Enterprise Risk Management
    • Internal Audit Services
    • Internal Controls Optimization & Rationalization
    • Internal Control over Financial Reporting (SOX)
  • Business Process and Control Documentation
    • Enterprise Risk Assessment
    • Enterprise Risk Management
    • Internal Control Over Financial Reporting
    • Internal Control Optimization
    • Policy and Procedure Development
    • Continuous Controls Monitoring
    • US GAAP Compliance
    • Revenue Recognition
  • Technology Risk Management
    • Continuous Controls Monitoring
    • IT Internal Audit
    • IT General Controls
  • Risk & Compliance
    • Support 3 Lines of Defense
    • Risk and Control Framework: Development & Implementation
    • Control Design & Effectiveness: Review/Remediation
    • Vendor Risk Management
    • Regulatory Response: Execution of Plans to Address C&Ds, MOUs, and MRAs
    • KYC/BSA/AML Process: Design & Remediation
    • Compliance Management System (CMS) Design
    • Response to Regulatory Exam findings (i.e. HUD, CFPB Audits)
    • Exam Readiness Related to New/Arduous Regulations (i.e. TRID)
    • Vendor Risk Management
    • Compliance System and Process Optimization
  • Credit
    • Mortgage
    • Commercial
    • Consumer Products
    • Card
    • Collections/Loss Mitigation
    • Model Validation
    • Stress Testing/CCAR/DFAST Process
    • Loan Review/Due Diligence
  • Loss Mitigation & Recovery Analysis
    • Assess Compliance with CFPB & Other Regulations & Agency and Other Counter Party Requirements
    • Re-engineer Process to Remediate Issues
    • Recover Funds from Counter Parties

 

Our Promise to Your Business

Whether providing project management and execution or resources for project augmentation, we are committed to delivering:

  • Pragmatic, effective deliverables that clients value
  • Experts in revenue recognition, lease accounting and other key regulatory changes who offer expertise, insight and proper guidance into how regulations will impact your business
  • Optimal value at a lower cost structure

 

Relevant Governance & Regulatory Compliance Engagements

  • A global fuel refiner and distributor required a new corporate governance framework. SolomonEdwards reviewed the existing framework and recommended the implementation (and corresponding reviews) of activities including periodic audit committee evaluations, development of a risk appetite statement and a delegation of authority. We worked with the client to review and align its board of directors and sub-committees to ensure effectiveness of responsibilities and communication.
  • When a risk management services company announced a merger with another institution of a similar size, senior management had little insight into the internal control and risk management structure within the mortgage division and, therefore, was not confident that the current structure was sufficient to support the combined entity. SolomonEdwards reviewed the process and control framework through the mortgage origination and servicing operation and created a comprehensive gap analysis and list of recommendations based on regulatory requirements and industry best practices. As a result, the management team gained greater insight and transparency into their company’s mortgage operations and a sound understanding of what was needed to enhance risk management practices at the mortgage division level.
  • A U.S. based global oil and gas company needed a partner to assist with a SOX implementation project once it went public. SolomonEdwards assigned a project manager and team to assess its existing framework and derive requirements for the SOX implementation. The team implemented the new SOX framework, which identified control gaps, highlighted process improvement opportunities and launched remediation plans.