Prudential audits

Checking whether the prudential requirements are complied with and if the conditions are met in order for them to continue to exist in a foreseeable future.

Mazars has all the licenses issued by Federal Audit Oversight Authority (FAOA) to audit:

  • Insurance and reinsurance companies
  • Banks 
  • Institutions subject to the Financial Institutions Act (securities dealers, asset managers, managers of collective investment schemes and fund management companies)
  • Products subject to the Collective Investment Schemes Act (CISA)
  • Financial market infrastructures
  • Central mortgage bonds institutions
  • Self-regulatory organisations (SROs)

Within our assignments of prudential audit, we perform: 

  • Recurring regulatory audit: Regular audit of the adherence to fundamental prudential requirements for FINMA regulated entities
  • FINMA License Application audit: Audit of the license application for entities seeking a  FINMA license, including banks and institutions subject to the Financial Institutions Act (securities dealers, asset managers, managers of collective investment schemes and fund management companies)
  • Additional audits in specific fields of audit determined by FINMA in addition to the standard audit strategy
  • Case-related audits which may be assigned by FINMA or our clients
  • AML and ethical requirement audits for clients member of a self-regulatory organisation (SRO)