Outsourcing of internal auditing

Relief and security through outsourcing with S+P Compliance Services!

Would you like to outsource the function of internal auditing? Discover four compelling reasons why outsourcing your internal audit to S+P Compliance Services is a worthwhile decision for your company.

Cost savings: Cooperation with S+P Compliance Services helps you to reduce costs. By outsourcing your internal audit, you avoid the expense of recruiting, training and paying an internal employee while benefiting from our expertise.

Increased efficiency: By transferring responsibility for internal auditing to S+P Compliance Services, your employees can concentrate on their core competencies. This leads to greater efficiency and productivity in your company.

Limitation of Liability: Working with S+P Compliance Services allows you to minimize risks and limit your liability. Our experts ensure that your company and your employees always comply with the applicable legal regulations and requirements, thereby avoiding potential legal consequences.

Professionalization: S+P Compliance Services stands for the highest level of professionalism and expertise in the field of internal auditing. By outsourcing your internal audit to us, you benefit from our extensive experience and industry knowledge, which contribute to the optimal implementation of your compliance strategy.

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Top 5 Benefits of Outsourcing to S+P Compliance Services

Benefit	Description
Cost Savings	No expenses for hiring, training, or compensating internal staff – S+P provides expertise at a fixed price.
Focus on Core Business	Your team focuses on core tasks – compliance is reliably handled externally.
Professional Expertise	Experienced S+P Compliance Officers ensure regulatory compliance at the highest level.
Reduced Liability Risks	Minimized regulatory risk through continuous monitoring and legal implementation.
Flexibility & Scalability	Compliance services scaled to your company’s size and complexity – ideal for FinTechs, KVGs, and institutions.

S+P Compliance Services: Your key to a successful internal audit and secure compliance

Do not wait any longer and rely on the advantages that S+P Compliance Services offers you. Contact us today and learn more about our customized solutions tailored to the needs of your business. Together we will optimize your risk management and professionalize your compliance strategy!

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Three Steps to an Outsourced Compliance Function with S+P

Step	Description	Benefit for Your Company
1. Inquiry	You get in touch with S+P and define your requirements together with us.	Tailored consultation by experts with deep industry knowledge.
2. Proposal	You receive a customized offer for your compliance outsourcing needs.	Flexible scope of services, contract duration, and cost structure.
3. Agreement	Once the outsourcing agreement is signed, collaboration begins – we take care of the rest.	Seamless integration into existing processes and immediate relief.

Outsourcing the internal audit: Complete protection for your company

S+P Compliance Services is a leading provider of compliance and internal audit services. We offer our customers the opportunity to concentrate on their core business while we take care of all audit-related tasks. In addition, we support our customers in designing and implementing compliance measures. With our experience and know-how, you are fully covered.

One stop shopping: we offer you a complete outsourcing service tailored to your needs. So you can fully concentrate on your business. Our experienced specialists constantly monitor compliance with all relevant compliance guidelines. So you can be sure that your company is always up to date. With our experience and know-how, we guarantee you complete security.

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Thinking Economically: In-House Solution vs. S+P Compliance Services

Cost Category	In-House Solution (Ø)	Outsourcing to S+P
Salary & Personnel Expenses	€80,000 – €120,000/year	Fixed flat rate with a predictable budget
Training Costs	Approx. €5,000/year	Included: S+P Certified training & ongoing updates
Software & Tools	Approx. €10,000/year	Included: S+P Tool Box with digital solutions tailored to your business model
Substitute in Case of Absence	Additional effort for internal coverage	Substitution arrangement contractually guaranteed in service package
Total Annual Cost	€95,000 – €135,000	Significantly more cost-efficient with full service delivery

Efficient outsourcing of internal auditing with S+P Compliance Services

Rely on our expertise and together we will develop a successful strategy for outsourcing your internal audit:

Industry-Leading Expertise: S+P Compliance Services has extensive expertise and experience in internal audit outsourcing. Trust our experts to effectively meet your audit needs.
Bespoke Solutions: We offer bespoke solutions tailored to the needs of your business. Our flexible service packages guarantee optimal adaptation to your specific requirements.
Efficient Risk Management: With S+P Compliance Services at your side, you can establish a robust management system that minimizes your organizational risks and protects your company from potential threats.
Time and Resource Savings: By working with us, you relieve your company and your employees of the complex tasks of internal auditing and can concentrate on your core competencies.

Do not hesitate – contact S+P Compliance Services today and experience how we can support your company in successfully outsourcing internal auditing. Request a noncommittal offer!

Relieve your company and rely on the proven cooperation with S+P Compliance Services for outsourcing your internal audit – and thus create space for growth and innovation!

Beyond internal auditing, S+P Compliance Services provides end-to-end MLRO outsourcing for full AML compliance.

What Tasks Does S+P Compliance Services Handle for You?

Task	Description	Implementation by S+P
Compliance Strategy	Definition of objectives, measures, and responsibilities	Individual risk analysis + development of a tailored strategy
Policy Management	Creation and maintenance of regulatory documents	Standardized policies + customized industry-specific adaptations
Training & Awareness	Mandatory training and employee awareness programs	S+P Certified eLearning + practical classroom sessions
ICS & Audits	Implementation of internal controls and audit procedures	Regular audits + audit-proof documentation
Regulatory Communication	Correspondence with BaFin and other supervisory authorities	Directly or on your behalf by experienced S+P experts

Innovative compliance solutions by outsourcing internal auditing with S+P Compliance Services

S+P Compliance Services is a leading provider of compliance services. We enable our clients to focus on their core business while we take care of all compliance-related tasks, including outsourcing internal audit. In addition, we support our customers in designing and implementing compliance measures. With our experience and know-how, you are fully covered.

Entrust your Internal Audit to the experts at S+P and leverage the benefits of an external perspective. Our specialized auditors provide an objective view of your internal processes, identify potential weaknesses, and deliver valuable recommendations for optimizing your corporate governance.

S+P Compliance Services: Experts for the effective outsourcing of internal auditing

S+P Compliance Services enables companies to outsource their internal audit and thus save costs. We take full responsibility for your compliance activities and make sure you stay in line with all legal requirements.

We can help you get as much or as little compliance support as you need. All you have to do is contact us and we will take care of the rest.

One stop shopping for compliance services, including internal audit outsourcing
Cost-efficient and flexible
Individual solutions for your needs
Save time with one-stop shopping
Outsourcing solutions for companies of all sizes

We ensure that you can concentrate fully on your business – S+P Compliance Services: Outsourcing of internal auditing.

Relief and security through outsourcing of internal auditing with S+P Compliance Services

To ensure sound revision management, the following obligations must be met:

Comprehensive, annually updated audit plan: The work of the outsourced internal audit must be based on a comprehensive, annually updated audit plan.
Risk-Based Audit Planning: Audit planning should be risk-based and review all of the organization’s activities and processes at appropriate intervals.
Regular risk classification: The risk classification of the activities and processes must be checked regularly.
Risk assessment: The risk assessment methods of the outsourced internal audit must include an analysis of the risk potential of the activities and processes, taking into account expected changes.
Checking of planning, methods and quality: The planning, methods and quality of the tests must be checked regularly and if necessary for their adequacy and further developed.
Carrying out special tests: It must be ensured that special tests that are necessary at short notice, e.g. B. due to defects or special information needs, can be carried out at any time.
Management Approval: The audit plan and any significant adjustments must be approved by management.

Credit Institutions

Credit institutions as well as branch offices based in Germany and branches of credit institutions based in Germany.

Investment firms

Investment firms as well as branches located in Germany and branches of investment firms located in Germany.

FinTechs

FinTechs with German Banking Act-license (KWG) and payment service act-license (ZAG) as well as branches based in Germany.

Payment Service Provider

Payment institutes and e-money companies with a payment service act (ZAG)-license as well as branches based in Germany.

Capital management firms

Capital management firms according to the German Capital Investment Code (KAGB) and AIF management firms based in Germany.

Crypto custody firms

Firms conducting crypto custody business as well as firms that have a German Banking Act (KWG)-license to hold or sell crypto securities.

Compliance Providers Compared: Traditional vs. S+P

Criterion	Traditional Provider	S+P Compliance Services
Industry Focus	Generalist, multiple industries	100% financial and non-financial institutions under supervision
Training Offer	Bookable as an external service	Included: S+P Certified Trainings & eLearnings
Tool Integration	Not included in package	Included: S+P Tool Box with practical solutions
Support & Substitution	Not clearly defined	Substitution and availability contractually guaranteed
Regulatory Coverage	Superficial	Comprehensive: MaRisk, GwG, WpHG, DORA, KWG, WpIG

Trusted by Our Clients: More Success Stories with S+P

“What we value most is S+P’s ability to adapt their audit services to our company’s risk profile. It feels like having an in-house team – without the overhead.”

– Frédéric L., CEO of a European Investment Firm

“S+P provided exactly what we needed: independent audit expertise, streamlined processes, and audit reports that stand up to scrutiny. It’s an essential partnership for us.”

– Anna R., Chief Risk Officer at a FinTech

“We were concerned about internal audit gaps due to limited resources. S+P filled that gap seamlessly – reliable, responsive, and always audit-ready.”

– Sophia D., Managing Director of a Payment Institution

“Thanks to S+P, our internal audit function is now fully compliant, independent, and scalable. Their expertise has taken pressure off our internal team.”

– Emily Z., Head of Operations at a Wealth Management Company

Comparison: In-House Compliance Officer vs. Outsourcing to S+P Compliance Services

Criterion	In-House Solution	Outsourcing to S+P Compliance Services
Cost Structure	High fixed costs for salary, training, and infrastructure.	Predictable costs via service contract – no fixed expenses.
Professional Expertise	Know-how depends on the employee’s individual experience.	Team of specialized compliance experts with market knowledge.
Availability	Personnel absences (e.g. illness, vacation) jeopardize the compliance function.	Continuous availability through coordinated substitution model from S+P.
Flexibility	Responding to new regulatory requirements requires effort.	S+P reacts flexibly to changes – regular updates included.
Regulatory Risk	Increased liability risk due to incorrect or delayed implementation.	Risk transfer through professional implementation & documentation.
Integration into the Company	Strong involvement in day-to-day operations is possible.	Efficient integration through coordinated communication processes.
Scalability	Scaling only possible through new hires.	Scalable service packages – tailored to company size.
Compliance Update Frequency	Depends on individual further training.	Regular updates and monitoring by S+P experts.