What your procurement team will ask for
Conflicts, and your auditor
We work for management. We are an advisory firm, not a CPA firm, not affiliated with any audit firm, including your external auditor, and will confirm that in writing for your auditor’s independence file; the opinion stays your auditor’s. Before any engagement we check our current and past clients against your company, your auditor and the competitors you name, and give you the result in writing.
Who does the work
We are an independent contractor. The firm’s owner runs every engagement and does the work; neither we nor the owner is your employee or agent. A background check through your provider is consented to before access is granted. Where a scope needs more hands, we add subcontractors only with your written consent, they complete your onboarding first, and the same person stays on the work.
Your information
Your records stay in your systems. We work through access you grant and can revoke, and will use a device or virtual desktop you issue. Anything that reaches our own device or mailbox is held on an encrypted device behind multifactor sign in, kept only for the engagement, and returned or destroyed at the end on your written instruction.
The contract
Your nondisclosure agreement first, then your master services agreement with a statement of work for each engagement, or our engagement letter where you prefer it. Work product belongs to you. Everything we see is confidential, including material nonpublic information.
Samples, for reference only; the signed document governs: engagement letter (PDF), statement of work (PDF).
The guarantee, in the letter
If your external auditor writes up a deficiency on a control we documented and tested, we remediate it at no charge. If a control fails testing for a reason in our work, that deliverable’s fee is refunded. Both are written into the engagement letter, or into the statement of work under your agreement.
Who you are contracting with
Limnal Holdings, LLC, a Texas limited liability company, trading as Faulkner Governance Risk & Compliance. The contract, the W-9 and the insurance certificate carry Limnal Holdings, LLC. Formation documents, the name filing and a certificate of status are available on request.
Insurance
A certificate of insurance for professional liability (errors and omissions), general liability and cyber coverage, naming your company as certificate holder, is issued with the signed agreement.
AI and your information
We use AI models in the work, on the volume: reading populations, reconciling lists, checking reports, drafting from notes. They run inside an environment you control or under an agreement that bars training on your data; your records are never put into a consumer tool; the person running your engagement reviews every result before it reaches a workpaper, and the workpaper says what was machine assisted. Your policy on AI use applies to us. Tell us what it is.
Your security questionnaire
We complete it. We do not hold a SOC report; we are assessed on the questionnaire and the practices above.
Supplier portal and forms
We register in your supplier portal and complete your forms: entity and tax, sanctions and ownership screening, supplier diversity self classification, and your code of conduct and policy acknowledgments.
Tax and payment
A W-9 and banking details go to your accounts payable contact directly, never through this site. Any change to banking details is confirmed by a call back to a number you already hold.
How we bill
Work starts when your purchase order issues. Fixed fees invoice on the milestones in the statement of work. Hourly and retainer work invoices monthly. Travel and expenses are billed at cost under your expense policy, with receipts, and only where the statement of work allows them. Invoices carry your purchase order number and go through your invoicing portal if you use one. Payment terms are set in the agreement.
Where to send the forms
Vendor forms, questionnaires and portal invitations go to hello@faulknergrc.com. They come back complete, from the person who does the work.
Statements current as of September 25, 2026.