AFSL Compliance Audit
This is an independent, risk-focused review of compliance frameworks and controls to assess whether they support ongoing adherence to Australian Financial Services Licence (AFSL) obligations for retail, wholesale, or limited licence operators.
What is an AFSL compliance audit?
An AFSL compliance audit is an independent assessment of whether a licensee meets the obligations of its Australian Financial Services Licence. AFSL holders in Australia must comply with regulatory requirements set by ASIC, including maintaining effective systems, controls, and processes. The audit evaluates whether these frameworks are operating effectively and in line with applicable requirements.
Who requires an AFSL compliance audit?
AFSL compliance audits are typically required or undertaken by:
- AFSL holders subject to ASIC requirements
- Licensees required to demonstrate compliance with licence conditions
- Entities undergoing regulatory review
- Financial services providers seeking stronger compliance frameworks
How can we help
At IK Audit, Assurance and Assurance, we deliver independent AFSL compliance audits tailored to each licensee’s obligations and risk profile. Our focus is on assessing compliance frameworks and identifying key risk areas, while providing practical insights to strengthen governance and support ongoing compliance.
Ready to talk?
Whether you need an independent audit or strategic advisory support, we'd be glad to discuss your needs.