Remediation follow-up audit

Who this is for

Finance directors, heads of internal audit, and compliance leads who already hold a management letter, finding register, or regulatory observation list — and need confirmation that promised fixes are in place before the next committee meeting or inspection.

Result you receive

A structured follow-up status report that maps each prior finding to closed, partially closed, or still open, with evidence references and residual risk commentary suitable for an audit committee pack.

Scope included

• Intake of the original finding set and agreed management actions
• Walkthroughs with process owners named in the remediation plan
• Sample-based re-testing of key controls and compensating procedures
• Evidence catalogue (reconciliations, approvals, policy extracts, system extracts as available)
• Closing meeting and written status report

Scope excluded

• A full financial statement audit or statutory opinion
• Design of a new control framework from scratch (available separately as a control gap assessment)
• Legal advice on regulatory sanctions

How we work

1. Scoping call — confirm finding count, locations, systems, and deadline.
2. Planning memo — sampling approach, interviewees, and document request list.
3. Fieldwork — re-tests and evidence review over an agreed window.
4. Clearance — draft status map shared with management for factual accuracy.
5. Final report — delivered for board or committee circulation.

Duration and location

Most Hong Kong engagements run two to four weeks depending on the number of open items and how dispersed the evidence owners are. Fieldwork can be on-site at your premises, at our Mong Kok meeting rooms for interviews, or hybrid.

Preparation

Please have ready: the prior report or management letter, the remediation tracker, named owners, and access to sample evidence. Delays in document access extend the calendar more than anything else.

Fee basis

Quoted by finding volume, complexity, and travel between sites. See Fees for starting ranges. A deposit may be requested when fieldwork dates are reserved.

Next step

Request a follow-up audit with your finding register attached or summarised. We reply within two business days with fit confirmation and a proposed window.