Compliance software provider RIA in a Box is launching an audit preparation tool for compliance personnel facing SEC examinations, the company announced today.
Users accessing the “Audit Prep Tool” will find resources like sample request letters, past findings from previous exams and on-demand webinars of best practices. Following preparation, users can also access a regulatory exam section that allows them to upload documents or letters and schedule a call with the RIA in a Box team, if needed. Users worried about missing important dates will be happy to hear that there is a system in place to create calendar reminders, as well.
The stressful processes around an exam seemed like a promising set of items to automate, noted Mike Lubansky, director of product at the firm. The exams provided an opportunity for firms to refine their internal workflows and review best practices, he added.
Clients using MyRIACompliance now have access to the tool.