Audit Checklist?
Hello All,
I was wondering if anyone knew of or has access to some kind of Audit Checklist that you use at your firms to prepare for audits from either your B/D's, State, SEC, or FINRA. I have searched high and low on the internet with no success - If it is on this forum I couldn't find it as well.
I have found a couple for RIA's, but I am an independent registered rep and most of the information on the RIA checklists would not apply to my firm. I would like to have a system in place to ensure everything is (at least almost everything..) in place in the case of an audit.
I am in the process of re-building the management side of y practice and would enjoy a "checklist" for my OSJ to go over each month, etc.
Any help would be greatly appreciated. Thank you all in advance.
ARRI CAPITAL
Try "Brokers and Dealers in Securities - AICPA Audit and Accounting Guide" and/or "Investment Companies - AICPA Audit and Accounting Guide". It's what your CPA will use and regulators are likely to follow the same guidelines.
They're a fascinating read so only open them when the insomnia is a real issue.
Can you post a link or info for what you found on the RIA side?
Arri, I'd suggest you might contact the State you're in. Financial services department, and simply ask them about their check list. Tell them you're trying to set up a shop that reaches their highest standards. I've found that my state has a few guys, and they are pretty good folks.
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