BRANCH AUDIT MANAGEMENT: CAPABILITIES
Enterprise software solution to efficiently plan, schedule, conduct, resolve and report on branch inspections in accordance with FINRA Rule 3110 and other regulatory guidelines, including support for FINRA’s Remote Inspection Pilot Program.
Audit Dashboards
Audit dashboards provide insight into individual audit status as well as the firm’s overall audit program to identify bottlenecks and reallocate audit schedules where required.
Customizable Audit Content
An extensive set of answer types, branching technology, question help, hyperlinking, definitions and formatting highlight critical information and guide users through the audit process.
Audit Data Pre-Population
Audit pre-population capabilities, including pre-audit questionnaires, reduce manual data entry and streamline the audit cycle.
FINRA Remote Inspections Pilot Program
Efficiently manage remote inspections under FINRA’s pilot program. Purpose-built capabilities support virtual audits, remote document collection, risk-based scheduling, and automated reporting to align with evolving regulatory requirements.
Integrated Remediation
Integrated remediation and resolution capabilities enable auditors to efficiently follow-up and allow users to respond to identified deficiencies in a single, intuitive online interface.
Findings Letters
Auto-generated, firm-customized findings letters with live editing capabilities to reduce post-audit work, increase auditor efficiency and ensure consistency.
Repeat Deficiencies Identification
Real-time identification of repeat deficiencies while conducting an audit, enables the firm to isolate negative trends and quickly address issues at the time of finding.
Risk Scoring
Optional risk scoring and analysis capabilities across multiple business units and branch locations.
REGED BRANCH AUDIT MANAGEMENT: BY THE NUMBERS
2002
Solution first brought to market
10 of 15
Largest independent brokerages
1.6M+
Exams completed since inception
BRANCH AUDIT MANAGEMENT: RELATED RESOURCES
Content covering the latest news and best practices for branch inspections, from industry and RegEd subject matter experts.
WEBINAR: Year-End Compliance Considerations for Broker-dealers and Investment Advisers
In this webinar RegEd product and subject matter experts, along with experts from Essential Edge Consulting, guide you through recommended compliance updates and best practices for the end of this year and beyond.
WHITE PAPER: The State of Branch Office Inspections
To gain insight into the current state of branch examination programs among mid-sized and large U.S. broker-dealers, RegEd partnered with Essential Edge, a trusted compliance consulting and outsourcing firm, to undertake a comprehensive survey.
ARTICLE: Is your firm prepared to support the new FINRA Remote Inspections Pilot Program and Requirements for Residential Supervisory Locations?
This article discusses FINRA’s Regulatory Notice 24-02 announcing the effective dates for the Remote Inspection Pilot Program (Pilot) and the Residential Supervisory Locations (RSLs), and how firms are navigating these requirements.
BLOG: Leverage Pre-Audit Questionnaires to Improve Efficiency and Reduce Risk
Pre-Audit Questionnaire (PAQ) functionality has enabled users to ensure that data collected via questionnaires is automatically populated, reducing the need for manual transfer and significantly improving audit cycle time.
“RegEd has enabled us to be more nimble in our branch exam program, so we can be proactive and hone in on the areas that we deem to be of greater risk, or are of a particular focus for regulators.”
Director of Supervision and Compliance | Tier 1 Broker-Dealer
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CONTACT US
Schedule a personalized consultation with our solution and subject matter experts. We’ll provide an overview of how RegEd’s enterprise platform enables our clients to improve efficiency, effectiveness and transparency across the enterprise.