{"id":1014,"date":"2025-05-13T09:35:03","date_gmt":"2025-05-13T09:35:03","guid":{"rendered":"https:\/\/iqeq.com\/sg\/case-studies\/conducting-a-review-of-the-remediation-status-for-a-singapore-based-hedge-fund-managers-past-internal-audit-findings\/"},"modified":"2026-01-06T13:44:35","modified_gmt":"2026-01-06T13:44:35","slug":"conducting-a-review-of-the-remediation-status-for-a-singapore-based-hedge-fund-managers-past-internal-audit-findings","status":"publish","type":"case_study","link":"https:\/\/iqeq.com\/sg\/case-studies\/conducting-a-review-of-the-remediation-status-for-a-singapore-based-hedge-fund-managers-past-internal-audit-findings\/","title":{"rendered":"Conducting remediation status review for Singapore-based hedge fund manager\u2019s past internal audit findings"},"content":{"rendered":"
\n

Case Study<\/p>\n

The client, their challenge<\/h2>\n

Our client was requested by the Monetary Authority of Singapore (MAS) to engage an independent service provider to review the remediation status of its past internal audit findings.<\/p>\n

The deadline for submitting the independent auditor\u2019s report is a few months after the internal audit report issuance date. The client required some time to address the internal auditor\u2019s findings and recommendations, updating the relevant policies then ensuring implementation in business operations with supporting documentation. Consequently, there was limited time remaining for the independent audit engagement.<\/p>\n

Our solution<\/h2>\n

IQ-EQ was able to quickly assemble an internal audit engagement team with appropriate senior resources and design a detailed audit plan with clear milestones and action points, which was accepted by the client and MAS.<\/p>\n

As the client had previously worked with the Licensing team within our Regulatory Compliance division in Singapore, our Internal Audit Services team held an internal discussion to gather insights about the client\u2019s business, preferred working style and other relevant information to ensure a good working relationship for the desired outcome.<\/p>\n

The results<\/h2>\n

The meaningful collaboration, commitment to client service and project management excellence enabled IQ-EQ to execute the engagement in a timely manner across the planning, fieldwork and reporting phases of the audit, with the final audit report issued to the client ahead of schedule despite the tight timeline.<\/p>\n

Need similar support?\u00a0Contact<\/a>\u00a0our experienced Asia Regulatory Compliance team today.<\/h4>\n <\/div>\n<\/section>\n\n
\n
\n

Key contacts<\/h2>\n
\n
\n \n \"\" <\/a>\n \n \"\" <\/a>\n
\n

\n Philippa Allen<\/a>\n <\/h3>\n

Head of Sales, Regulatory Compliance, Strategic Relationships, EMEA, Japan & India<\/p>\n

<\/div>\n

Hong Kong<\/p>\n \n Send email <\/a>\n \n +852 31800480 <\/a>\n \n Full profile <\/a>\n

\n \n LinkedIn<\/span>\n <\/a>\n <\/div>\n <\/div>\n <\/div>\n
\n \n \"\" <\/a>\n \n \"\" <\/a>\n
\n

\n Yishan Lee<\/a>\n <\/h3>\n

Managing Director, Regulatory Compliance, APAC<\/p>\n

<\/div>\n

Singapore<\/p>\n \n Send email <\/a>\n \n +65 6532 5746 <\/a>\n \n Full profile <\/a>\n

\n \n LinkedIn<\/span>\n <\/a>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n
\n <\/div>\n <\/div>\n <\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":1016,"menu_order":0,"template":"","expertise":[11,12],"service_category":[13],"class_list":["post-1014","case_study","type-case_study","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\nConducting Remediation Status Review For Singapore-Based Hedge Fund Manager\u2019s Past Internal Audit Findings | IQ-EQ Singapore<\/title>\n<meta name=\"description\" content=\"IQ\u2011EQ conducted a remediation review of a hedge fund manager\u2019s past internal audit findings, identifying gaps & recommending improvements. 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