This webinar will explain how to prepare for Customs and Border Protection Regulatory Audit. It will cover pre-audit preparations, audit process and post audit follow up steps. Attendees will learn how to ensure compliance with CBP regulations and avoid fines and penalties.
This webinar will explain how to prepare for customs regulatory audit, what to keep available, what to expect in the audit and more. The webinar presenter has led several major audits from preparation to post audit follow up with no fines or penalties assessed. Knowing what to expect in advance will get you through the audit smoothly.
Why Should You Attend:
You arrive at work and the call comes in. “This is U.S. Customs and Border Protection Regulatory Audit Division. Your company has been selected for a full audit for the previous 5 year period.” After the initial panic subsides the first thing you ask is, “what do I have to do now?”This webinar will explain how to prepare for customs regulatory audit, what to keep available, what to expect in the audit and more. The webinar presenter has led several major audits from preparation to post audit follow up with no fines or penalties assessed. Knowing what to expect in advance will get you through the audit smoothly.
Areas Covered in the Webinar:
Pre-Audit Preparations
- State of Import Record Keeping
- Assembling the Internal Audit Team
- Internal Sampling of Records Pre-Audit
- Submission of Voluntary Self Disclosures for Known Violations Prior to the Entrance Conference
Preparing for the Entrance Conference
- Solicitation of Executive Management Attendance
- What to Expect in the Meeting
The Audit Process and What Customs Will Focus On
- Major Areas of Audit, i.e. Classification, Valuation, Free Trade Agreement Compliance
- Related Party Transactions
- Back-Up Documentation Outside of the Import/Trade Compliance Department
How to Deal with your Auditors One on One
- Day to Day Interaction with the Auditors
- Documenting Every Step of the Process
- How to Make the Process Move Quickly and Efficiently
- How to Resolve Disagreements
What Types of Records Customs Will Need Access To
- Trade Compliance Department
- Finance Department
- Manufacturing
- Sales
- Engineering
Preparation for the Exit Conference
- Audit Team De-Briefing
- Solicitation of Executive Management Attendance
- What to Expect from the Meeting
Post Exit Conference Follow Up
- Preparation of Binding Ruling Requests (If Applicable)
- Development of Corrective Action Reports
- Payment of any Applicable Duties, Fines or Penalties
- Using the Audit to Strengthen Your Import Compliance Program
- Summary/Q&A
Who Will Benefit:
- Compliance Officers
- Logistics and Transportation Personnel
- Legal Department
- Sourcing
- Procurement Professionals
- Finance and Auditors
- Import Managers/Directors
- General/Corporate Counsel
- Regulatory/Legislative Affairs Professionals
- Risk Management Specialists
- Supply Chain Specialists
Course Provider
David Ross,
