Monitor Support

Experienced collaborators

Lawyers and independent consultants have regularly engaged FRA to support them in their mandates, especially in accounting and finance matters, the review of internal controls, and navigating complex data environments. Whatever the scope of forensic support needed, we will take an open and collaborative approach to working with the monitor team.  

Similar to the services we provide when engaged directly by companies under monitorship, we can offer a monitor assistance with:  

• triaging a company’s controls landscape;
• performing independent baseline risk and compliance program assessments;
• understanding a company’s systems and monitoring capabilities;
• identifying, collecting and managing relevant data in a compliant manner (including across jurisdictions);
• developing action plans to address critical issues;
• design and deliver training with a view to post-monitorship sustainability of the new program; and
• communication with stakeholders and project management.

Understanding regulators’ expectations

Our experts know first-hand the requirements of the monitor role, the standards of independence and rigor expected, as well as the practical demands of acting between the regulator and company. Unlike larger network accounting firms, we do not offer audit services, and therefore have few conflicts of interest when being considered for monitorship work.  

Specialist forensic expertise

A monitor may also call upon FRA to assess specific areas of the company’s operations. We are leaders in designing, benchmarking, testing and implementing risk assessments. Specifically, internal audit, investigations, compliance monitoring and accounting functions fall within our core areas of expertise for assessment and improvement.  

FRA has been trusted to integrate compliance risk assessment with technical regulatory risk assessments where the company is subject to sector-specific regulation such as environmental regulations. For monitors appointed to oversee such cases where regulatory risk is inherently linked to the compliance remediation needed, our experts’ ability to integrate these factors with corporate compliance considerations may allow for a more comprehensive monitorship outcome.