Who we work with in financial services
RRH works with scheduled banks, non-bank finance companies, insurers, asset managers, brokers and microfinance institutions, as well as investors and development finance institutions with exposure to the sector. The work falls broadly into three situations: when stakeholders need confidence in the numbers, when something has gone wrong, and when the institution itself is changing. This page explains the kind of support we provide in each. Our teams combine audit experience in the sector with specialists in tax, technology and forensic work, so that each engagement draws on the skills its issues require.
When stakeholders need confidence in the numbers
Depositors, regulators, lenders and shareholders rely on financial statements that reflect the true quality of an institution's assets. Our Financial Statement Audits for financial institutions concentrate on the areas of greatest judgement: loan classification and provisioning, valuation of investments, recognition of interest on stressed loans, and compliance with regulatory disclosure requirements. Beyond the statutory audit, we carry out reviews of credit administration, treasury and branch controls for boards that want deeper assurance in a specific area. We also carry out agreed-upon procedures and certifications where regulators, lenders or foreign shareholders ask for assurance on specific information, such as covenant compliance.
When something has gone wrong
Loan irregularities, misappropriation of customer funds, insider fraud and breaches of anti-money laundering rules can threaten an institution's licence and reputation. Investigations in financial institutions often involve large volumes of loan, account and payment data, so we use data analysis across complete records to find patterns and then focus interviews and document review where the evidence points. Our Forensic Services team investigates allegations, reconstructs transactions, traces funds and prepares findings that boards can rely on when they report to regulators or take legal action. We also help institutions strengthen fraud risk controls after an incident, so that the same weakness cannot be exploited again.
When the institution is changing
Consolidation, recapitalisation, new investors and the sale of loan portfolios or subsidiaries all require an independent view of value and risk. Our Deal Advisory team provides financial and tax due diligence and transaction structuring advice for buyers, sellers and investors in the sector.
Many institutions are also replacing core banking systems or launching digital products. Our IT Advisory team reviews implementation risk, data migration, access controls and cybersecurity so that new platforms meet supervisory expectations from the first day of operation.
We do not publish details of the institutions we serve or the matters we handle for them. If you are dealing with one of these situations, our financial services team can set out how we would structure the work.
Related RRH services: Financial Statement Audits, Forensic Services, Deal Advisory and IT Advisory.