Regulatory requirements, logistics and challenges of conducting an effective field audit programme

Jim Hooks
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Jim Hooks: Managing Director and Chief Compliance Officer, Private Advisor Group, USA

Journal of Financial Compliance, 2021, vol. 5, issue 1, 55-65

Abstract: This paper reviews internal compliance examinations for broker-dealers and investment advisers in the light of emerging work trends and regulatory guidance stemming from the coronavirus pandemic. It pays special attention to internal compliance practices, the use of technology and staffing needs before examining factors for firms to consider in determining whether to conduct internal examinations remotely or on-site. It pays particular attention to branch-office examinations. The paper concludes that the most successful firms in adapting to changing workplace conditions and regulatory guidance not only will remain at the forefront of compliance but also can drive their own business forwards.

Keywords: compliance programme; audit; inspection; examination; branch exam (search for similar items in EconPapers)
JEL-codes: E5 G2 K2 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jfc000:y:2021:v:5:i:1:p:55-65

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