Leveraging Expert Services in Compliance

Description:

In the complex and ever-evolving landscape of regulatory compliance, expert services are crucial for ensuring that organisations meet their legal obligations effectively. These services include advisory roles, strategic planning, documentation support, and in-depth audits, provided by professionals with specialised knowledge in compliance regulations and industry standards. Engaging with experts helps organisations mitigate risks, avoid penalties, and maintain a robust compliance framework.

Key components of these expert services include expert witnesses, who are engaged during legal disputes or investigations to clarify technical details or assess professional standards, and skilled persons, who are appointed by regulatory bodies to conduct detailed reviews and assessments, ensuring compliance with specific regulations or addressing areas of concern within an organisation. Together, these experts provide essential support in navigating regulatory challenges and legal complexities.

In this session we will dive into the topic by:

• Exploring when a firm would need expert input, including scenario examples
• Examining how a firm can assess if they need expert input
• Discussing how to prepare for expert intervention
• Identifying a firm’s obligations when dealing with an expert
• Outlining how to follow through with the advice given