For law, tax and audit firms
Lawyers, tax advisers, accountants and audit firms must have their anti-money-laundering controls reviewed and, in the case of audit firms, their system of quality management. We carry out these reviews with an auditor's rigour.
Anti-money laundering
- External review of internal control procedures and bodies (article 28 of Law 10/2010).
- Written report describing the measures, assessing them and proposing improvements.
- Design or review of the AML manual, the risk assessment and customer due diligence.
- Training for staff and management.
Audit quality
- Design and implementation of the quality management system (NIGC1-ES, based on ISQM 1).
- Engagement quality reviews (EQCR) under NIGC2-ES, based on ISQM 2.
- File reviews ahead of ICAC or professional body inspections.
- Ad hoc support on other firms' engagements.
We work with firms of any size, including as a second opinion. Your clients' information is protected by the auditor's duty of confidentiality.
Frequently asked questions
Who needs an external review?
Obliged entities under Law 10/2010 that are not exempt, including lawyers in certain transactions, tax advisers, external accountants and auditors. Some are exempt because of their size or how they practise (Royal Decree 304/2014): we check your case.
How often is it required?
The external review is annual. In the two years after a full report, it can be replaced by a follow-up report on the measures taken to correct the deficiencies found.
What is an engagement quality review (EQCR)?
A review of a specific engagement by a reviewer not involved in it, before the report is issued. NIGC2-ES sets out when it is required and how it is done.
Other services
Do you need an audit or a report?
Tell us what you need. We reply with the scope of work, the timetable and the fee before anything starts.