Regulatory auditing is a systematic and independent process of assessing an organization’s compliance with the standards, laws, and regulations established by regulatory bodies, such as PREVIC (National Superintendence of Complementary Pensions), BACEN (Central Bank of Brazil), and SUSEP (Superintendence of Private Insurance).
A importância da auditoria regulatória, com base nas exigências desses órgãos reguladores reside no fato de que eles têm a responsabilidade de garantir a estabilidade, integridade e segurança dos mercados financeiros, previdenciários e de seguros do país, auxiliando as organizações a identificar e corrigir quaisquer desvios ou irregularidades que possam prejudicar a imagem e conformidade com os reguladores.
In addition, regulatory auditing also helps identify risks and vulnerabilities in an organization’s operations and implement preventive measures to mitigate these risks. In this way, organizations can protect their interests and those of their stakeholders, as well as maintain trust and credibility in the market.
Finally, regulatory auditing can also be an opportunity for organizations to assess and improve their internal processes and corporate governance. This can result in enhanced operational efficiency, cost reduction, and greater transparency in the organization’s activities.
Regulatory auditing includes both reasonable assurance and limited assurance engagements.