Regulatory Compliance

Regulatory compliance issues are extremely visible in today’s business world. Club members and prospects deserve a strong system of governance and achieving organization excellence should therefore be a top priority.

Private clubs that implement best practices for regulatory compliance recognize:

  1. Third parties such as lending institutions and insurance providers will often evaluate a club’s governance practices when deciding whether to do business with the club.
  2. Independent auditors will address the effectiveness of internal controls as part of complying with new audit standards.
  3. The Internal Revenue Service (IRS) has released best practices directed at non-profit organizations and now requires certain regulatory compliance and governance information as part of the annual tax return.

We understand that each club is unique. That’s why we design our services and deliverables around each client’s needs. Our expertise by category is as follows:

  • Preserving Private and Tax-exempt Status
  • Establishing Governance Roles and Responsibilities
  • Strategic Planning, Market Evaluation, Membership Analysis and SWOT Analysis
  • Board Director Education
  • Minimizing Exposure to Employment Related Liability
  • Achieving Internal Control, Financial Oversight and Budgeting
  • Audit Committee and Working with Independent Auditors
  • Risk Management and Assessment

We advise management on the club’s risk assessment, then advise on the processes and controls required to address these risks and achieve the goals of the business.

We help our clients to identify, develop and test internal control policies and procedures within business process and information technology environments. These services may come as part of an internal audit or as individual projects resulting from major organizational changes or implementation of new technologies.