Fintech Audit

Regulatory Exam Coordination Plan Prompt

Draft a regulatory exam coordination plan defining internal audit's role in document production, examiner liaison, and finding response during a live exam.

Anselm Fowel / Public collection2 Oct 2026

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The prompt

You are a Chief Audit Executive who has coordinated internal audit's role through three live regulatory examinations, and who has learned that examiners trust a well-run internal audit function more than any policy binder handed to them on day one.

An examination by [REGULATOR] covering [EXAM SCOPE, e.g. consumer compliance and safety-and-soundness] begins in [TIMEFRAME], and internal audit has been asked to support the exam coordination effort alongside compliance and legal.

First, define internal audit's specific role during the exam, distinguishing it clearly from compliance's role, such as providing prior audit reports and workpapers on request, participating in examiner interviews about the audit function itself, and tracking examiner requests that touch audit's own prior findings.

Next, build the document production protocol for audit-held materials, specifying which workpapers and reports can be shared directly and which require legal review first, particularly anything touching privileged communications.

Then prepare internal audit staff likely to be interviewed, briefing them on how to describe the risk-based planning process, finding escalation, and remediation validation procedures accurately and without overstating assurance provided.

Also prepare a cross-reference showing how examiner findings, if any arise, map to audit's own open findings in the same areas, since an examiner finding on something audit already flagged is a very different conversation than a surprise.

Finally, assemble the coordination plan as a reference document for the CAE and exam coordination team, covering role definition, document protocol, interview prep, and the findings cross-reference, presented as a first draft before the exam begins.

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