Financial Compliance Questionnaire
This Financial Compliance Questionnaire is designed to assess the adherence of [Your Company Name] to financial laws, regulations, and best practices. It aims to identify areas of non-compliance and potential risks, ensuring that financial activities align with legal standards and ethical practices.
Section 1: General Compliance
Question | YES | NO | Not Applicable |
|---|
Has the company implemented a compliance program? | | | |
Are there documented policies and procedures for financial operations? | | | |
Is there a designated compliance officer or team? | | | |
Are employees provided with training on compliance matters? | | | |
Section 2: Financial Reporting
Question | YES | NO | Not Applicable |
|---|
Are financial statements prepared by GAAP/IFRS? | | | |
Is there a regular audit by an independent external auditor? | | | |
Are there controls in place to ensure the accuracy of financial reports? | | | |
Are financial reports filed timely with the relevant authorities? | | | |
Section 3: Anti-Money Laundering (AML)
Question | YES | NO | Not Applicable |
|---|
Does the company have an AML policy? | | | |
Are customer identities verified according to KYC regulations? | | | |
Are suspicious transactions monitored and reported? | | | |
Is there ongoing AML training for relevant employees? | | | |
Section 4: Tax Compliance
Question | YES | NO | Not Applicable |
|---|
Are taxes calculated and paid accurately and timely? | | | |
Is there a process for identifying and addressing tax risks? | | | |
Are tax filings reviewed and approved by competent personnel? | | | |
Does the company adhere to international tax compliance standards? | | | |
Section 5: Internal Controls
Question | YES | NO | Not Applicable |
|---|
Are there adequate internal controls over financial reporting? | | | |
Is there a segregation of duties among employees handling finances? | | | |
Are there regular internal audits or reviews of financial activities? | | | |
Are there mechanisms for reporting and investigating financial irregularities? | | | |
Name: [Your Name]
Date: [Month, Day, Year]
