CARMA Services

CollaborationAudits

RMA Audits

CFPB Prep Audits

Vendor Audits

Compliance Audits

CollaborationAudits©

CARMA is providing a dynamic and highly valuable service to original issue creditors, debt buyers, law firms, agencies, and attorney networks that will:

• reduce the audit footprint on the financial services industry,
• drastically reduce the audit burden on service providers, and 
• optimize cost sharing.

CARMA has working relationships with all types of CFPB-regulated entities, which uniquely positions us to reduce audit frequency, and lower audit and compliance costs. 

Our unparalleled and comprehensive audit approach yields an independent opinion that can be relied upon by multiple clients. This prevents firms from being subjected to numerous, costly, and time consuming audits, thereby allowing them to reduce compliance costs and focus on their core business.

CARMA's CEO was recently invited to Washington, D.C. to meet with representatives at the CFPB. CollaborationAudits© were presented during the meeting as a method to reduce the number of audits endured by service providers in the industry as well as a way for credit issuers, debt buyers and attorney networks to reduce their compliance costs.

 The idea was well received by the representatives of the CFPB, who noted that independent audits by Certified Public Accountants are generally preferred by regulators over internal audits, as they provide a higher level of assurance to concerned parties.

The Win-Win Benefits of CARMA's CollaborationAudits©

• REDUCED COST. CARMA clients and their vendors can dedicate less resources to their compliance audits. 
• INCREASED PRODUCTIVITY. CARMA's CollaborationAudits© allow your vendors more time to remediate deficiencies and focus on their core competencies -- making your vendors more valuable to you.
• GREATER ROI.  CARMA's CollaborationAudits© provide our clients with a higher return on investment on their compliance audit resources.

Contact CARMA for your free consultation.