What is an external audit
An external audit is a necessary process for any forex brokerage firm to undertake and if successfully passed, will demonstrate that your forex company is fully compliant with all financial services regulations.
To learn more about the auditing services DeltaQuest can assist forex companies with, please view our Accounting and Audit service page.
External audit explained
An external audit is a necessary process for any forex company and is typically carried out on an annual basis. The process of being externally audited involves members of an external, independent auditing or regulatory firm visiting the premises of your forex or financial services company, to perform thorough checks on the internal and external activity of your forex brokerage firm. Their main objective is to determine whether the accounting records are accurate and complete, and prepared in accordance with pre-stipulated provisions.
It is important to be audited by a recognized and well-established auditing firm, which is why many forex institutions usually chose to be audited by a top-tier international auditing and consultancy firm. This is because a successful audit from a from a professional, well-known services firm reflects positively on your forex brokerage firm and demonstrates to your customers that you are conducting business in full accordance with regulation.
Carrying out and passing an external audit also demonstrates that you are efficiently managing and administering your forex company in compliance with due diligence and anti-money laundering regulations.
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