What should be communicated to stakeholders after the AML audit program is finalized?

Communicating the final, approved document of the audit program to stakeholders is crucial for several reasons. First, the finalized audit program represents the comprehensive plan that outlines the objectives, scope, methodology, and procedures for the audit. This document ensures that all stakeholders are on the same page regarding the expectations and deliverables of the audit process.

It serves as an official reference point that stakeholders can consult to understand what will be covered during the audit, how it aligns with regulatory requirements, and the overall approach to assessing the effectiveness of anti-money laundering (AML) controls. Additionally, sharing the final document reinforces transparency and accountability in the audit process, fostering trust among stakeholders.

While other options like the draft concept, timeline, or preliminary risk assessment results may provide useful insights, they do not encompass the full scope and details included in the final approved audit program. Options like the draft or preliminary findings may still be subject to change and do not provide the comprehensive framework that stakeholders need to proceed with the audit confidently.