Extended story · Assurance audit
Clearing a settlement suspense backlog before examination week
A Taoyuan payment institution engaged Summit Ledger Advisory eight weeks before a scheduled licence examination. During planning we mapped three processor feeds into a single revenue ledger and found suspense items aged between nine and twenty-two days. Fieldwork sampled every aged item above NTD 50,000, then walked the operations lead through a daily clearance checklist.
The management letter graded the suspense control as high priority. Management cleared the backlog in twelve business days and kept the same checklist through the examination. The firm later asked us back for a shorter safeguarding review once a wallet product launched.
Payment institution · Fintech Assurance Audit · 2025
“The walkthrough notes were blunt about our maker-checker gaps on weekend payouts. We disagreed on severity at first, then saw the same gap in a live exception the following Monday.”
Operations manager · Payment Controls Walkthrough
“Reporting readiness caught two narrative fields that still described a control we had retired. Fixing the wording before filing saved us an awkward supervisor call.”
Compliance lead · Regulatory Reporting Readiness
“They were slower to start than we hoped because our bank mandates were incomplete. Once documents arrived, the safeguarding recalculations were exact and the break log template stuck with our team.”
CFO · Client Funds Safeguarding Review
“Board directors finally stopped asking for ‘more slides.’ The findings pack opened with customer-fund status, return defensibility, and named owners — that matched how our committee actually decides.”
Company secretary · Fintech Assurance Audit