2. Practice Aid to Inspection Preparation
Provide a customized all-inclusive practice aid for the preparation of an AFRC Inspection
Our Practice Aid is up to 100 pages long separated into 8 key sections. We understand that while our consultancy services are mainly provided verbally, you may want to revisit our advices regularly over the next few months or years. Thus, we can write a customized Practice Aid that covers everything you would need to be aware of in preparing for an AFRC Inspection.
The practice aid is color coded and well-structured with an index that covers various stages of the preparation for an inspection, giving you highlights on what to look out for in each aspect of your practice, varying from completing AFRC inspection forms, drafting and implementing the system of quality management (SoQM) Manual, drafting and implementing the anti-money laundering (AML) Manual, focusing on key areas of audit engagements, and the frequently asked questions before, during and after an inspection. The Practice Aid will be written specific to your needs, and acts as a great tool for you and your team to prepare for inspections.
The color coding of our practice aid, will allow you to easily identify which action points should be done annually, at a point in time, or ongoing throughout the year, or specifically after certain compliance actions have been taken place, for example after an external monitoring review, or shortly after an inspection.
We understand that you may not be readily available to have consultancy meetings to go through everything in your practice when the “Fire” is still far away. So we now have a service to draft a customizable inspection preparation manual based on the circumstances of your practice, and the steps that you have to take if your practice is selected for inspection.
Often, after a consultation engagement with us, practices just file away the SQM / AML manuals and the monitoring review reports, and would not look at them again. To change this, the practice aid serves as a reference point that goes through all the documents you have to fill in and the potential issues that your practice has to address to prepare for an imminent inspection, and you can prepare for it on your own timing.
Add-on Price to monitoring review, drafting and review of SoQM & AML Manuals and the purchase of AP3.0 Credits: HK$30,000
- Red Titles indicate critical areas that require ongoing monitoring and action. These should be reviewed and updated every 1-2 months to ensure continuous compliance.
- Orange Titles encompass tasks that are not continual but should be performed periodically, such as on an annual or semi-annual basis.
- Yellow Titles cover preparatory measures that can be taken well in advance of receiving an inspection notification, easing the burden once the inspection process commences.
- Green Titles are reserved for actions that are most pertinent immediately prior to an on-site inspection or after your practice has been selected for an inspection.
- Blue Titles pertain to steps that are relevant after the on-site inspection but prior to the receipt of the draft inspection report.
- Purple Titles are specific to the period following the issuance of the draft inspection report and before a response has been filed.
Not available on Stand-Alone Basis
Add-on Price: HK30,000
Engage us for any of the following to enjoy the add-on price discount:
1) Monitoring Review, and / or
2) Purchase of 50+ AP3.0 credits, and / or
3) Drafting / Review of SoQM & AML Manuals.