03 · Issue Validation & Regulatory Remediation

Findings that close,and stay closed.

For chief audit executives, chief risk officers and remediation leads who need findings closed with evidence that holds up to internal audit, external auditors and examiners.

What we do

Outcome

Defensible evidence and closure that holds up to auditors and examiners.

When clients call us

Common reasons clients bring us in.

Open MRAs or MRIAs with committed remediation deadlines
Issues that were closed but later reopened, or failed validation
Internal audit lacks the capacity or independence to validate a large backlog
An upcoming examination and a need to show remediation is real and sustained
Governance, data-quality or interpretation gaps in regulatory reporting

What we do

Issue Validation & Regulatory Remediation

Independent validation of internal audit findings

Testing that remediation addresses the root cause and works in practice, documented for closure.

External auditor and regulatory issue validation

Validation scoped to the expectations of the party that raised the finding.

MRA and MRIA remediation support

Structured plans, ownership, milestones and evidence for regulatory commitments.

Remediation plans, evidence and closure packages

Closure documentation that tells a clear story from finding to sustained fix.

Exam and regulatory readiness

Preparation for examinations, including evidence, walkthroughs and management narratives.

Regulatory-reporting governance

Ownership, interpretation, data-quality and review controls for regulatory reports such as FR 2052a.

What validation requires

✓Root cause addressed
✓Defined ownership and accountability
✓Evidence that controls operate
✓Sustained over time

How we work

Engagements scaled to what you need.

Validation

Independent testing of remediation that someone else performed, for closure.

Remediation support

Hands-on help designing and executing the fix and assembling the evidence.

Readiness review

A focused look at whether open items are ready for validation or examination.

We do not validate remediation we performed. When a client needs both, we scope them separately so validation stays independent.

Representative experience

Where our principals have done this work before.

Work performed by Aevum's principals in prior roles. Client names withheld; not Aevum engagements.

Issue validation and remediation

Environment: Large financial institutions with multiple concurrent MRAs and MRIAs
Challenge: Remediation initiatives needing evidence-based closure
What we did: Built governance, data quality and validation readiness

Validation-ready remediation, sustainable ownership

Regulatory reporting governance

Environment: Large global banking institution under regulatory remediation
Challenge: Gaps in reporting governance, data quality and interpretation
What we did: Strengthened governance, data quality and submission processes

Clear ownership and better-evidenced submissions

Questions

Common questions

What is the difference between remediation support and validation?

Remediation support helps you design and carry out the fix. Validation independently tests whether that fix addresses the root cause and works over time. We do both, but never on the same item, so validation stays independent.

Can you validate findings raised by our external auditor or regulator?

Yes. We scope validation to the expectations of whoever raised the finding, whether that is internal audit, your external auditor or a regulator.

Do you deal with regulators on our behalf?

We support management's remediation and validation work and help prepare evidence and narratives. We do not provide legal advice or act with regulatory authority; your counsel and the regulator remain the authorities on interpretation.

How do you decide whether an issue is ready to close?

We test against four questions: is the root cause addressed, is ownership clear, is there evidence the controls operate, and has that held over a reasonable period.

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