“    Don't be afraid to give up the good to go for the great    ”

Compliance

 

GA Global’s compliance consultants provide in-depth consultation, drawing upon extensive industry and sector specific knowledge to assist clients in identifying, measuring, and managing operational and technology-related risks faced within their industries and throughout their systems and processes. GA Global are experienced suppliers of full spectrum internal audit services, technologies, and skills for business risk management and the continual transformation of internal audit functions.


 Audit, Compliance, Risk and Regulatory Accountancy

GA Global command a market leading presence through developing robust relationships within both Practice and highly prestigious Blue chip clients in Commerce & Industry and Financial Services. Delivering both finance and IT specialists within compliance, risk, audit and regulatory accountancy effecting both permanent and temporary staffing solutions to niche project and client requirements.

  • Compliance Directors
  • Head of Internal Audit
  • Senior Audit & IT Audit Managers
  • Business Risk Professionals
  • Operational Risk Professionals
  • Credit Risk Professionals
  • Risk Modelers
  • Internal Auditors
  • IT Auditors
  • SOX Professionals
  • Qualified IFRS and IAS Accountants
  • Basel II Consultants
  • MIFID Consultants

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 Practice

GA Global work with a variety of clients including leading international accountancy firms and practices as well as the 'Big 4'. Our specialist consultants are sector experts in a wide range of markets including Financial Services, Telecommunications, Technology, Media, Energy and Utilities. Typical roles include:

  • Partner
  • Audit Director
  • Audit Manager
  • Audit Senior
  • Corporate Finance

GA Global has a proven successful track record in the delivery of core finance, technology & audit solutions across Industry and Financial Services within the UK, Europe and further-a-field. Experts in the provision of both permanent and temporary; Senior Audit & IT Audit Managers, Internal Auditors, IT Auditors, Qualified IFRS and IAS Accountants matching experience, sector background and inter-personal requirements to agreed location, budget and timeframe.

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 Compliance Specialists

GA Global are a recognized leader in working with private and public companies on Sarbanes Oxley, Basel II, MiFID and IFRS compliance efforts.

Sarbanes Oxley

Management is required to file an internal control report with their annual report, stating:

Typical roles include:

  • Management's responsibilities to establish and maintain adequate internal controls and procedures for financial reporting.
  • Management's assessment as to the design of internal controls.
  • Management's conclusion as to the operating effectiveness of these internal controls at year-end.
  • The company's external auditor has attested to and reported on management's evaluation of internal controls.

 

Section 302 requires the establishment and maintenance of internal controls around financial reporting and disclosure, as well as CEO/CFO certification regarding such controls.

Section 404 requires an annual assessment of internal controls (including documentation) and an attestation from external auditors.

Our compliance consultants are specialists in providing both permanent and temporary:

  • SOX Directors
  • SOX & IT SOX Programme / Project Managers
  • QA Consultants
  • SOX & IT SOX Consultants
  • SOX Analysts
  • SOX Testers / Auditor

We are experienced in setting up SOX teams (working on projects from inception to completion across Europe), placing all levels of SOX professionals (Practice and Finance backgrounds); SOX Directors, SOX Project Managers, SOX Work Stream Leaders, SOX / QA Consultants (Experience of Documentation, Mapping, Testing and Walk-Through) IT SOX professionals and providing continuous consultation and flexibility to pre-empt and meet ongoing requirements. A strong working knowledge of multi-sector SOX projects allows us to: source from an experienced SOX candidate base (SOX experience from private & public sectors in the UK, US and Europe), create teams or place individuals with specified SOX and language skill sets across Europe, while providing in-depth consultation to meet ongoing project needs.

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IFRS

International Financial Reporting Standards (IFRS formerly called IAS) have been adopted by the International Accounting Standards Board (IASB), an independent, international organization supported by the professional accountancy bodies. The objective is to achieve uniformity and transparency in the accounting principles that are used by businesses and other organisations for financial reporting around the world.

Successful transition to IFRS will involve a significant project for companies that will affect the entire reporting process and may result in changes to accounting systems. Our compliance consultants provide market specific explanations of the financial impact of moving to reporting under IFRS. We provide speciailist IFRS consultants designated to specific client and project briefs; who will be able to develop IFRS valuation methodology for financial contracts, value financial instruments and embedded derivatives within financial services or coordinate the enitre IFRS conversion within C&I from implementation through to delivery.

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Basel II

The Basel Capital Accord sets international capital adequacy standards. Basel II is an international initiative that requires financial services companies to have a more risk sensitive framework for the assessment of regulatory capital.

The Basel Accord defines regulatory guidelines for international banking. Basel II incorporates substantial changes in the guidelines in several areas, and makes operational risk a new requirement. Our compliance consultants provide Basel II project managers, as well as IT and finance consultants to leading FTSE 100 financial services clients to ensure successful compliance with Basel II.

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Markets in Financial Instruments Directive (MiFID)

The Markets in Financial Instruments Directive (MiFID) represents the largest change in financial markets legislation in Europe. MiFID will introduce a single market and regulatory regime for financial services across the European Union (EU), replacing the existing Investment Services Directive (ISD) and aims to ensure that market participants can interact freely with counter parties in other EU countries on the same terms and conditions as they transact business in their home country. MiFID contains 73 articles, applies to all investment firms in the EU and impacts all asset classes (not FX).

MiFID aims:

  • To establish high-level organisational and conduct-of-business standards that apply to all investment firms including conflicts of interest, best execution, passporting rights, investor classification and investor suitability.
  • To provide regulation for exchanges (regulated markets) and other, currently unregulated, trading facilities.
  • Sets out pre- and post-trade price transparency requirements for trading in shares.
  • To widen the scope of investment services requiring authorisation and the range of products falling within regulation: in particular MiFID brings regulation to investment advice and also to activities relating to commodity derivatives.
  • To harmonize financial markets across the EU by providing a "passport" for investment firms that have received prior authorization from their home state regulator, enabling them to conduct cross-border activities where firms will be able to establish branches in other member states and offer cross-border services in a wider range of cases.

MiFID was issued 30th April 2004 originally scheduled for implementation by all 25 Member States of the EU by 30th April 2006 with enforced delay until 30th April 2007. GA Global FISSER compliance consultants specialise in the provision of market expert MiFID consultants to deliver project requirements to timeframe including:

  • Providing a degree of harmonisation required to offer investors a high level of protection.
  • Ensuring a high quality of execution of investor transactions by imposing a "best execution" obligation.
  • Delivering a coherent and risk-sensitive framework for regulating the order execution arrangements in European financial markets, enhancing transparency on the depth of liquidity in securities.
  • Upholding the integrity and overall efficiency of the financial system.

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 Contact Us

If you would like more information about how our Compliance Division can help you, please contact:

Compliance Recruitment Division
+44 (0) 8453 313 485 +44 (0) 8452 808 822 compliance@gaglobal.eu

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