This session will introduce the participant to the process of conducting a BD mock regulatory examination and the potential benefits of conducting that exercise. The Participants will assess the pros and cons of conducting the audit internally or using external consultants and resources. The scope of the audit will be based on the firm’s risk profile, which in turn will be based on its business model the regulatory examination priority letters.
Advanced Preparation: None
Pre-requisites for participation: No prerequisites are required
• Assess your firm’s risk profile and drafting the scope of the audit.
• Determine and incorporating regulatory priorities.
• Develop a plan to review and test compliance functions.
• Determine the documentation and remedial actions to be taken at the completion of the audit