“By providing this information, I hope the process will be a smooth for our clients and will facilitate an effective, efficient and successful CFPB examination”.
Tampa, FL (PRWEB) May 31, 2013
A-lign CPAs is a national provider of assurance and compliance services. Director Neil S. Gonsalves has extensive compliance experience in the Collections Industry and has performed more than 50 SSAE 16 / SOC 2 examinations in this industry alone.
“I feel it is very important to advise the owners and management of our clients of what to expect, so that they can begin to prepare for the examination by ensuring compliance with the various regulations, including documenting policies and procedures, gathering supporting documentation, to name a few which will be required as part of the examinations,” stated Mr. Gonsalves. “By providing this information, I hope the process will be a smooth for our clients and will facilitate an effective, efficient and successful CFPB examination”.
Neil begins the article by reminding the reader that on October 24, 2012 the Consumer Financial Protection Bureau (CFPB) published a rule that would allow the CFPB to federally supervise the larger consumer debt collectors/collection agencies. He then goes on to explain what the examiners will look for, and lists several modules that the examiner will review. Further, Mr. Gonsalves provides a section entitled, “What to Anticipate” which details the list of documents possibly requested by the CFPB, and he then wraps up the article by explaining how to prepare for this examination.
The complete article, “Preparing Your Collection Agency for the CFPB Examination” was published in the May 29, 2013 edition of the American Lawyers Quarterly newsletter, and can also be found on A-ligns website here: http://www.aligncpa.com/preparing-your-collection-agency-for-the-cfpb-examination/
.A-lign CPAs (http://www.aligncpa.com) is a global provider of Assurance and Compliance Services. A-lign was founded on the key principle that an unparalleled client service experience is the greatest differentiator amongst professional service firms. Our greatest strength is that we focus on quality in delivering our services to companies with regulatory or compliance needs. A-lign has assembled a team of professionals that have extensive experience in the assurance and compliance arena. With an average experience level exceeding 10 years and having completed hundreds of financial audits, SAS 70 / SSAE 16 / SOC 2 examinations and other attestation services, A-lign’s professional experience is one of its greatest assets.