Financial Crime Audit Fieldwork & Testing Techniques

This podcast episode outlines the crucial fieldwork and testing phases of a financial crime audit. It details key steps, including data collection (transaction records, customer information, and internal policies), interviews and observations, and various testing techniques like transaction testing and walkthroughs. The episode stresses the importance of thorough documentation for clear, accountable findings and actionable recommendations. Ultimately, the goal is to assess an organisation's compliance with regulations and identify weaknesses in its financial crime prevention controls. Effective fieldwork ensures audit conclusions are data-driven and not based on speculation.

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