Engagement
Settlement & Ledger Assurance
A timed review of settlement cycles, float accounts, and ledger integrity for payment institutions and remittance operators preparing board packs or regulator filings.
Who this engagement serves
Payment institutions, e-money issuers, and remittance houses that must show directors, investors, or the Financial Supervisory Commission that settlement money moves where the ledger claims it does. Teams usually come to us before a capital raise, an annual compliance pack, or after a float discrepancy that finance cannot close cleanly.
What you receive
You receive a bound findings pack: sample results, control observations, and a prioritized remediation list written in the language of settlement operations — not generic risk jargon. Severity ratings distinguish between documentation gaps and cash-movement failures. We name the control owner for each item so your remediation plan has a face attached.
Duration & location
Most engagements run four to seven weeks depending on settlement volume and how many rails you operate. Fieldwork can be on-site in Keelung or Taipei, or conducted through secure document rooms with scheduled walkthrough calls. Preparation asks for bank statements, processor settlement files, fee schedules, and a chart of accounts covering float and suspense.
Pricing basis
Fees start at NT$280,000 for a single-rail payment institution with one float account. Multi-rail remittance operators and firms with unresolved suspense balances are quoted after scoping. A written estimate follows your intake form; deposits secure the fieldwork calendar.
Included
- Scoping workshop with finance and operations leads
- Population definition for settlement batches and fee accruals
- Sample testing of ledger postings against bank and processor statements
- Float and suspense account reconciliation walkthroughs
- Written findings memo with severity ratings and remediation owners
- Closing session with management
Outside this engagement
- Continuous transaction monitoring software licensing
- Full financial statement audits under statutory accounting standards
- Legal opinions on licensing eligibility
- Remediation implementation inside your accounting team
Delivery
How this audit proceeds
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1
Scope lock
We confirm entity perimeter, settlement rails in use, and the reporting period. You receive a document request list within three business days.
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2
Population & sampling
Settlement files and ledger extracts are mapped. Samples are drawn by volume band and exception risk, not convenience.
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3
Field testing
Each sample is traced from customer instruction through processor report to cash movement and ledger posting.
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4
Findings & close
Exceptions are rated, ownership assigned, and a management letter delivered before the closing call.
Ready to scope this engagement?
Share your entity type, settlement volume band, and any licensing deadline. We reply with a written estimate.