Special regulatory audits, annual financial statement and anti-money laundering audits, internal audits or audits by group functions tie up significant resources in regulated companies and are frequently accompanied by operational pressure. Professional preparation, structured support during the audit and a consistent follow-up on findings are crucial factors in determining the outcome and the regulatory impact. WCTS supports you through all phases of an audit and ensures that your company maintains an audit-ready posture at all times.
About
Audit situations follow their own dynamic: tight deadlines, high demands on the willingness to provide information, sensitive communication with auditors, and an increasingly critical focus on documentation quality and traceability. Our support applies before, during and after the audit and is geared towards all common types of audits: supervisory special audits under Section 44 of the German Banking Act (KWG), Section 14 of the German Investment Code (KAGB) or Section 88 of the German Securities Trading Act (WpHG) by BaFin and the Deutsche Bundesbank, annual financial statements and WpHG/money laundering audits by the external auditor, internal audits, and audits by Group functions in international structures.
Our services include:
Audit preparation and readiness assessments — structured analysis of expected key audit areas, review of policies, process documentation and control evidence, identification of weaknesses prior to the audit, and conducting mock audits in particularly critical areas
Support during the audit — coordination of the internal audit organization, structuring and quality assurance of requests for information and data queries, support during interviews and opening/closing meetings, as well as ongoing communication with auditors
Remediation of audit findings — content evaluation of findings, development of viable action plans, support during implementation, and providing evidence of completion to auditors and supervisory authorities as part of follow-up processes
Statements and communication with the supervisor — support in drafting statements on audit reports, answering supervisory queries, and assisting with follow-up measures, such as MaRisk risk reviews or special representative constellations
Specific support for money laundering audits — professional support during audits under Section 16 of the German Money Laundering Act Audit Regulation (GwPrüfbV), including preparation of the Money Laundering Officer, preparation of the risk analysis, and documentation of internal safeguards
We bring both the technical depth and the practical experience that is crucial in audit situations, and we relieve your departments precisely where the pressure is greatest.
