Overview
Regulators are paying closer attention to AI. SR 11-7, the EU AI Act, DORA, and sector-specific guidance are raising expectations for how financial services and pharma organisations document, monitor, and control their AI systems. Audit committees and risk functions want evidence — not assurances. Our AI Compliance & Audit Reporting service provides the documentation, monitoring, and reporting infrastructure that turns AI compliance from a reactive scramble into a continuous operational discipline. We know what auditors look for, because we have sat across the table from them.
How It Works with a21
Compliance Landscape Assessment
Map the regulatory requirements applicable to your AI systems — SR 11-7, EU AI Act, GDPR, DORA, sector-specific guidance. Assess your current documentation against each requirement and identify gaps.
Documentation & Control Implementation
Implement the required model documentation, governance controls, audit logging, and performance tracking. Build the reporting infrastructure that generates compliance evidence continuously.
Ongoing Reporting & Audit Support
Operate the compliance reporting function — monthly internal reports, quarterly governance packs, and audit support including evidence compilation and reviewer briefings.
What We Offer
Model Documentation
Produce comprehensive model documentation — model cards, validation reports, data lineage records — aligned to SR 11-7, EU AI Act, and internal model risk standards.
Audit Trail Management
Implement and maintain comprehensive audit trails covering model changes, data access, prediction logs, and human override records.
Regulatory Mapping
Map each AI system against applicable regulatory requirements — identifying the specific controls, documentation, and monitoring needed for compliance.
Governance Reporting
Produce regular governance reports for AI risk committees, audit committees, and board-level oversight — summarising model inventory, performance, incidents, and compliance status.
Audit Support
Provide hands-on support during regulatory and internal audits — compiling evidence, briefing reviewers, and responding to findings.
Incident Documentation
Document AI incidents — failures, bias events, unexpected outputs — with root cause analysis, remediation evidence, and regulator notification support where required.
Why Choose a21
Regulatory Expertise
We know the regulations — SR 11-7, EU AI Act, DORA, ICH E9 — and how they apply to AI systems in financial services and pharma. We do not just cite them; we implement against them.
Continuous, Not Periodic
Compliance documentation that is generated continuously is far better than documentation produced for audits. We build the infrastructure that makes compliance a live state, not a point-in-time effort.
Audit Tested
Our documentation standards and reporting formats have been reviewed and approved by regulators and internal audit functions. We know what passes scrutiny.
Cross-Function Integration
We work with your risk, compliance, legal, and technology teams — integrating AI compliance into your existing governance frameworks rather than creating a parallel structure.
Success Stories
Problem
A European asset manager needed to classify all AI systems against the EU AI Act risk tiers, implement required controls for high-risk systems, and produce documentation before the compliance deadline.
Solution
Conducted an AI system inventory and risk classification, implemented required controls and documentation for 8 high-risk systems, and built a compliance reporting dashboard for ongoing monitoring.
Problem
A US bank’s AI models had inadequate documentation for model risk management requirements — creating regulatory exposure ahead of an OCC examination.
Solution
Produced standardised model cards and validation documentation for 31 production models, implemented ongoing monitoring documentation, and established a model change governance process.
Tech Stack & Tools
Model Card frameworks
MLflow
Custom audit trail systems
Compliance reporting dashboards
Document management
Governance workflow tools
Get Started
Make your AI audit-ready. Talk to a21 about AI compliance and audit reporting.
