Compliance & File Reviews
Pre-lodgement file reviews, compliance audits, and regulatory documentation for Australian AFSL practices. Ensuring your advice files are ASIC-ready and meet strict licensee standards.
End-to-End Advice Compliance & File Audit Services
Independent quality assurance and regulatory checking to protect your Australian Financial Services Licence (AFSL).
Pre-Lodgement SOA & ROA Audits
Line-by-line pre-submission checks ensuring all client objectives, risk profiles, strategy rationales, and fee comparisons align seamlessly before presentation.
- ✓ Scope of advice and client goals alignment check
- ✓ Risk profile matching and asset allocation suitability
- ✓ Product comparison fee schedules & ongoing cost disclosures
- ✓ Itemized audit checklist with clear corrective action points
Best Interests Duty (BID) Verification
Rigorous verification against the safe harbour steps of Section 961B of the Corporations Act 2001 (Cth).
- ✓ Adequate inquiry into client's relevant circumstances
- ✓ Demonstrable proof that client is in a better position
- ✓ Replacement product justification and loss-of-benefit warnings
- ✓ Conflicted remuneration and fee-for-no-service scrutiny
Licensee Pre-Audit File Preparation
Audit-proofing active and historical client files ahead of institutional licensee compliance audits or ASIC surveillance.
- ✓ Comprehensive file gap analysis and missing document remediation
- ✓ Indexing fact-finds, file notes, research, and signed ATP records
- ✓ Professional indemnity audit preparation dossiers
- ✓ Compliance risk scorecards and remediation summaries
FDS & Fee Consent Auditing
Independent checking of Fee Disclosure Statements (FDS) and annual ongoing fee renewal consent packs.
- ✓ FDS calculation accuracy and anniversary date reconciliation
- ✓ Fee-for-service delivery evidence verification
- ✓ Opt-in tracking register and consent renewal audit
- ✓ Preventing regulatory breach reporting for missed deadlines
Advice Registers & Compliance Logs
Maintaining compliant advice registers, breach logs, and regulatory tracking sheets for Authorized Representatives.
- ✓ Advice register tracking (SOAs, ROAs, execution-only records)
- ✓ Incident and breach logging protocols under ASIC RG 78
- ✓ Conflicts of interest and alternate remuneration registers
- ✓ CPD tracking registers for Authorized Representatives
Remediation & Legacy File Cleanups
Systematic cleanups for newly acquired client registers, practice mergers, or historical file audits.
- ✓ Acquired book audit and file integrity checking
- ✓ Missing disclosure document identification and backfill
- ✓ Client document indexing into practice cloud storage
- ✓ Pre-licensee transition file normalization
Independent 4-Step Review Process
Fast, transparent, and structured reviews to catch compliance issues before client presentation.
Adviser uploads draft SOA/ROA, fact-find, risk profile, and product research into practice software.
Reviewer evaluates the file against AFSL guidelines, ASIC RG 175/244, and Section 961B safe harbour standards.
Findings categorized into Satisfactory, Minor Tweaks, or Required Adjustments with explicit resolution steps.
Corrections updated directly in software, leaving the file 100% audit-ready for adviser presentation.
Compliance & File Reviews FAQs
Common questions from Australian AFSL holders about our file auditing standards, turnaround SLAs, and reviewer qualifications.
Ready to audit-proof your advice files?
Discuss your licensee compliance requirements with our senior compliance specialists. Flexible pay-as-you-go and dedicated retainers.
100% Remote BPO Model: MCR Global Financial Advisory Backoffice is a 100% remote Business Process Outsourcing (BPO) service provider operating from India. We provide dedicated operational, administrative, and paraplanning personnel to Australian financial planning practices.
No Financial Advice Provided: MCR Global is not a financial adviser, financial planner, or Australian Financial Services Licensee (AFSL) holder. MCR Global does not provide personal or general financial product advice, financial planning services, or financial recommendations under the Australian Corporations Act 2001 (Cth).
AFSL & Adviser Responsibility: All Statements of Advice (SOAs), Records of Advice (ROAs), strategy working papers, and research documents prepared by MCR Global personnel are drafted under the explicit direction and guidelines of the client practice. The client Australian Financial Services Licensee (AFSL) and its authorised representatives remain solely and legally responsible for reviewing, verifying, approving, and issuing all advice to end clients.
Third-Party Systems & Data Security: Platform names (including Xplan, Plutosoft, Midwinter) are trademarks of their respective copyright holders. MCR Global personnel access client software tools securely via encrypted VDI/VPN connections with zero local data storage.