AUDITS & ASSESSMENTS

To ensure your company’s compliance with all necessary export control regulations, audits are a necessary part of your business.

Is your export compliance program up to date with the latest International Traffic in Arms Regulations (ITAR) and Export Administration Regulations (EAR) since the implementation of Export Control Reform (ECR)?

Did you know that the Department of State and the Department of Commerce expect your company to conduct self-assessments?

Do you have the skill set to analyze whether your trade compliance program is compliant with the ITAR, EAR, FTR, OFAC, FCPA?

Did you know that every aspect of your business can be touched by export?

Your program should ensure that every part of your operation has processes and procedures that protect against inadvertent exports.

Why expose your company to significant fines and penalties when you can use the services of an expert export consultant to audit your program, make recommendations that are an investment in your compliance program and demonstrate to the Department of State, Commerce or Treasury, your commitment to the ITAR and EAR?

With the potential impact of export violations in the millions, knowing your export compliance program is on par with the primes will aid in marketing your company as “ITAR Compliant.”

FD Associates has conducted over 125 audits or assessments over three decades for small, medium, and large companies. Selected as an auditor for Department of State, Directorate of Defense Trade Controls, Compliance (DDTC) Directed Audits, FD Associates brings best practices exhibited by prime contractors and audited company’s to the table when conducting your audit.

Our team of attorneys and associates can work with your company, your internal team, your inside or outside counsel to review your company’s compliance with the applicable export regulations.

There are several audit approaches that FD Associates can offer your company, ranging from a review of current procedures and record-keeping practices to identify the general health of your export compliance program to a deep dive into your compliance program.

ONE DAY ASSESSMENTS

Our one-day assessment provides a high-level assessment of your export compliance program. Upon completion, we will brief you on the gaps we identify, discuss with you what steps you should take to update your program, including matters that require further investigation, updates to compliance manuals, processes and procedures, and additional export compliance training.

MERGERS, ACQUISITIONS, AND DIVESTITURES

FD Associates offers due-diligence audits for pre-acquisition to either the buyer or the seller. These audits help limit the acquiring company's liabilities related to potential export violations by the acquired company.

For the seller, confirming the status of your export compliance program and dealing with any matters of non-compliance will allow your company to limit escrow dollars for any transactions that might be questionable in the buyer's eyes. FD Associates also provides post-merger, acquisition, and divestiture audits to help companies determine which policies, procedures, training programs, templates, and best practices will prevail after the activity is complete.

ECR  GAP ANALYSIS

With Export Control Reform complete in 2020, companies are faced with exports that are not for military programs ITAR centric. Export compliance programs must address the export of both ITAR and EAR controlled commodities, regulated in the 600 or 500 series ECCNs, technical data/technology, and services. If your company has not updated its current program to address these regulatory changes, we can help. Our team is well versed in working with our clients in all categories of the U.S. Munitions List and the Commerce Control List to understand your company's needs. We have assisted in developing and updating numerous procedures and compliance plans to address both ITAR and EAR 600 & 500 series controlled commodities. Take the headache out of understanding what export regulation changes impact your company and your export compliance program needs. Let us help you navigate the export regulatory complexities and hurdles you might be facing with an ECR GAP analysis.

DEEP DIVE AUDITS

Comprehensive audits are an expectation by the US Government agencies. Expectations for a company to undertake such audits are on a three to five-year basis. These audits ensure company management that its export compliance program is robust and properly executed by those assigned to control it on a daily basis.  A detailed look into each part of your export compliance program will occur; interviews with all functional areas, reviews of both ITAR and EAR authorizations, and related records from their genesis to their conclusion, including shipping and AES records and your documented compliance policies and procedures. FD Associates can perform these audits in conjunction with an internal audit team or completely independent of any participation by company personnel. The FD Associates audit team will gather objective evidence and present its conclusions in a formal report.

GOVERNMENT-MANDATED AUDITS

In the case of government-mandated audits, FD Associates will ensure strict adherence to both the spirit and the letter of the mandate and satisfy all concerns that have been expressed in the government's request.

Our associates have received wide exposure to virtually every compliance issue through the support of our client base over our 30-year history. As a result, they can identify these concerns when conducting an export compliance audit. With our specialized skills, rich experience, and reliable industry knowledge, we will unveil your problem spots, assist in their correction and provide you with the assurance that your export compliance system is a robust manageable process aligned with your corporate goals and with the export control regulations it is meant to implement.

INVESTIGATIONS OF NON-COMPLIANCE

Our associates and attorneys can provide investigation services for activities surrounding any matters of non-compliance, whether initiated by the company as part of its own internal compliance program or an issue that has been identified during an audit performed by FD Associates or mandated by a U.S. Government request. After the investigation is complete, FD Associates will work with you to provide the final report.

VOLUNTARY DISCLOSURES, VOLUNTARY SELF DISCLOSURES, AND CORRECTIVE ACTIONS

No matter how effective your export compliance program is, mistakes and errors occur. Once you have determined a potential violation has occurred, your company should disclose the incident via a voluntary disclosure (DDTC) or voluntarily self-disclosure (EAR). FD Associates can help you draft and document the issue to mitigate any penalties. We will also help you understand how the matter occurred and how you can prevent the infraction from recurring in the future by identifying corrective actions that you will be able to implement and sustain. After a period of time, FD Associates can provide corrective action verification, verifying that your corrective action is working and, if need be, how to modify the correction for better use in your compliance program.

CONTACT US

Use FD ASSOCIATES expertise in ITAR and EAR to aid your company with enhancing its export compliance program via auditing and assessing your export compliance program. Tells Us Your Needs, call 703-847-5801  for a free consultation or email us at info@fdassociates.net.

Want a FREE Consultation?

Call our ITAR and EAR Consultants and Lawyers for a free 15 minute consultation at 703-847-5801.