b'Monitoring Matters Monitoring MattersLarge Northern European Bank Large Public Accounting FirmRemediation ConsultantPCAOB Independent Consultant A large Northern European bank retained StoneTurn as remediation consultant to oversee the BanksPursuant to an order by the Public Company Accounting Oversight Board (PCAOB), StoneTurn was remediationofitscontrolenvironment,aswellascomplianceprogramdeficiencies.Theissues,selected to serve as Independent Consultant to one of the largest independent public accounting identifiedduringaninternalinvestigationofallegedmoneylaunderingviolations,stemmedfromand advisory services firms in the nation, with offices throughout the U.S., as well as Grand Cayman, the non-resident portfolio in a Baltics branch. The Bank engaged the StoneTurn team to provideChina, and Ireland. In this role, the StoneTurn team reviews and evaluates the firms: independence independent third-party assurance to the Bank and government officials on whether the Banks ethicsquality control policies and procedures, resources devoted to provide reasonable assurance of and compliance program are reasonably designed and implemented to mitigate, prevent and detectcompliance with auditor independence requirements, and professional education and training financial crime risks and violations, and whether its remediation program and compliance program ispolicies and materials related to auditor independence requirements. StoneTurn professionals will comprehensive and timely. also provide a report and final report, as defined by the order, to help demonstrate that appropriate remediation has taken place.Top 5 Automotive ManufacturerIndependent Compliance Auditor Top Eight National Accounting FirmSEC Independent ConsultantThe U.S. Department of Justice, Environmental Natural Resources Division (DOJ ENRD) selected StoneTurntoserveastheIndependentComplianceAuditor(ICA)toaTop5automotiveStoneTurn was engaged to serve as Independent Consultant as defined by an SEC Order related to manufacturer. In this role, StoneTurn is evaluating the companys remediation of its ethics andindependence violations and fraud audit responses at a Top Eight national accounting firm. As part compliance program in accordance with an order from the EPA. The order includes injunctiveof this engagement, we assessed the firms audit planning, execution and reporting processes and relief regarding the companys culture of integrity, ethics and general compliance program. As ICA,controls, as well as independence procedures, engagement quality review protocols and the role StoneTurn will oversee and audit whether the company meets the obligations of the order. played by the national office in the audit process and consultations. The StoneTurn team identified a number of enhancements of key controls and processes to strengthen the audit process and reported these findings to both the firm and the SEC.Large Public Accounting FirmEthics and Compliance Adviser to the Independent Consultant Leading Global Investment BankA large public accounting firm selected StoneTurn to serve as the ethics and compliance adviser toIndependent Compliance and Business Ethics Monitorthe Independent Consultant required under an SEC Settlement Order to evaluate the sufficiency and adequacy of ethics and integrity controls. The StoneTurn team supports the IC in evaluating theThe U.S. Department of Justice appointed Jonny Frank to serve as Independent Compliance and design and testing operating effectiveness of the firms policies and procedures relating to ethicsBusiness Ethics Monitor to one of the worlds largest investment banks. Jonny and StoneTurn and integrity; assessing the adequacy and sufficiency of the firms ethics and integrity training; theare assessing the banks compliance with the terms of a Deferred Prosecution Agreement (DPA) supportiveness of its culture and whether the firm deploys sufficient resources and oversight torelated to LIBOR and EURIBOR manipulation; reviewing ethics and compliance programs across ensure compliance with ethics and integrity requirements; and in reviewing and assessing whetherthe bank, including policies and procedures designed to prevent and detect violations of antifraud the firm took adequate steps to identify those engaged in ethical misconduct in the past andand antitrust laws; and auditing antifraud and antitrust controls.implemented the SECs recommended employment actions or other remedial steps.20 At Every Turn 2020 At Every Turn 2020 21'