Choices - Compliance Audit
A review of your procedures, records and Training & Competence assessments
An Audit, which is usually completed within one day, and which provides a detailed report on your current position within the areas covered below. Guidance is provided on any requirements that may be necessary, to help ensure you are compliant with the current regulations.
Areas covered include
:Identification of the key personnel and their qualifications, review of Compliance procedures and Controlled Functions: administration staff, stationery, advertising, record keeping, the necessary registers required, money laundering, types of business conducted, 'high-risk' business, Product/Provider mix, Certificates & Licences required, Internet business, Complaint records and a random review of files. Plus: Individual Training & Competence assessments, KPI's, CPD records, firm specific and generic product knowledge.
Who needs an Audit?
Every IFA Company or Sole Trader who provides advice to the public are required to show they adhere to the regulations in force and with this audit, we aim to help you get there!
Format:
We send out a pre-visit questionnaire that is followed up by a one day Audit visit. Our visit will help to identify any shortfalls in your procedures and record keeping. We provide a comprehensive report on the Audit's findings and can also assist with solutions to any identified shortfalls.
To book your Audit now, or for more information contact info@tlcfml.co.uk