Testing remediation and enhanced compliance programs and controls is essential to demonstrating “timely and appropriate remediation,” and saving organizations from prosecution, formal enforcement proceedings, steep penalties, and a government-imposed monitor. Better yet is an independent, third-party certification of compliance program effectiveness. Conversely, those who fall short face severe consequences, including formal charges, stiffer penalties, and years of third-party oversight.
Our cross-disciplinary team—risk and compliance, data, forensic audit, and industry experts—specializes in assessing and testing the effectiveness of compliance programs and controls and related remediation. StoneTurn helps organizations and their counsel by independently validating their remediation programs, applying audit procedures to test compliance programs and controls, and reporting (as needed) to the government and other stakeholders.
They are engaging, experienced, extremely knowledgeable, well-connected and second to none in working out what's most important in any given situation and how to approach and overcome the challenges.
– Chambers, Quoting a Client
How We Help
Test Enhanced Compliance Programs and Controls
Our team is well-versed in applying audit procedures to test the entity-level compliance program and risk-specific control suites. StoneTurn’s credibility with the government enables counsel to showcase compliance program effectiveness and secure more favorable settlement terms—including no formal charges, lower penalties, and no government monitorship. We work closely with counsel to present findings to the government and other stakeholders. If needed, our team can help certify the effectiveness of remediation and compliance efforts.
Remediate Efficiently and Effectively
We conduct and validate the root cause analysis and risk assessment process to ensure organizations adequately identify future risks and address past misconduct when developing a compliance remediation program. We test the adequacy of the corrective action plans, challenge executability, and help companies manage resources, dependencies, milestones, and timelines.
Meet Post-Settlement Obligations
Post-settlement obligations are critical—we help clients and their counsel meet them. StoneTurn’s testing ensures adequate processes and controls are designed and operating effectively to meet obligations in the settlement agreement and avoid costly breaches. Should a monitor be appointed, we help organizations remediate efficiently and effectively by enabling reliance on its internal work. If reporting obligations exist without government oversight, we support internal audit and other teams, strengthening resources to ensure the organization fulfills all settlement and reporting requirements.
