Expert supportPeriodic reviews
As a Qualified Intermediary, you’re required under the QI Agreement to conduct a periodic review every three years to demonstrate continued compliance with IRS requirements.
We can carry out your QI Periodic Review remotely and deliver an accessible report that provides everything your Responsible Officer needs to make their certification of effective controls to the IRS.
We conduct an in-depth review of your QI operations using the tests defined in the QI Agreement.
Your responsible officer will be able to meet their obligation to demonstrate that your review has been conducted by reviewers who are both independent and competent.
We present the factual information required in Appendix I, Part IV of the QI Agreement in a summary table, so you don’t need to you digging through the report to find the data you need to make your certification.
If we identify issues during the review, we will work with you to develop a remediation plan that includes practical recommendations, timelines, and guidance to resolve any deficiencies.
You can use this remediation plan as part of a qualified certification to demonstrate to the IRS that you have a credible plan for fixing any material failures and getting back on track as a fully compliant QI.
Our experts can provide hands-on support in preparing and submitting your certification of effective controls to the IRS.
We remain on hand to answer any follow up questions from the IRS about your periodic review and certification.
We deliver QI Periodic Reviews remotely to give you more flexibility and lower costs
We assign a dedicated project manager who will guide you through the review process
We work with you to agree the best way to for us to access review data that complies with your data protection procedures
We use our Tax Compliance Toolkit to carry out the review, giving you a live dashboard showing our progress
All the evidence you provide is reviewed by experienced QI specialists and double checked internally
We compile a clear, comprehensive report that provides all the information you need to make a certification to the IRS
We discuss findings with you and help develop and implement a remediation plan to cure any issues that we identify
A QI Periodic Review is more than a compliance requirement. It is an opportunity to strengthen your controls, demonstrate good governance, and maintain your trusted status with the IRS.
Let our experts carry out your review independently and professionally, so you can make your certification of effective controls with confidence.
Contact us today to schedule your QI Periodic Review.