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The SIMULATED
AUDIT™
Proactive solutions
for responsible business
Tailored for either:
- Investment Counsel / Portfolio Managers (IC/PM's)
- Mutual Fund Dealers Association (MFDA)
- Hedge Fund Firms
Don't let these headlines frighten you:
"OSC beefs up compliance, hiring 20
examiners"
"OSC & SEC team up on joint audits"
"Regulators crack down"
But the reality is... YOU WILL BE
AUDITED
A few lax firms and unscrupulous individuals have raised
concern with the
public. Regulators are now focusing attention on investment
counsel and
portfolio management firms.
ARE YOU PREPARED ?
Friday of a long weekend, the
Securities Commission informs you
that your firm has been selected for a compliance audit to
begin a
week Monday.
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REACTIVE RESPONSE:
1. Panic 2. Emergency management
meeting. 3. Call in staff to work the weekend inspecting
client files ?
PROACTIVE RESPONSE: 1.
Enjoy the weekend. 2. Return on Tuesday, compile
required documentation feeling confident & prepared.
WHY?... You have recently had Investors Choice perform
the
SIMULATED AUDIT TM. |
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- Thoroughly understand how your firm measures up before the
regulator arrives.
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- Be fully prepared for the inevitable with compliant policies
and documentation.
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The Investors Choice team will review your records
and operations and identify potential trouble spots before
the regulator does. After the audit a comprehensive report is issued
detailing gaps and deficiencies along with
recommendations to correct your compliance procedures. At your
request, Investors Choice will assist you
with the development of a customized compliance manual, specifically
tailored to address any deficiencies
uncovered in the audit.
The SIMULATED AUDIT TM
can reduce your risk of legal penalty, censure,
or even suspension and the
negative exposure that may ensue. Most importantly, after the audit,
your firm will be better prepared for
the regulator. |
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Investors Choice SIMULATED
AUDIT TM will examine:-------------
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- Compliance and Internal Controls
- Policies & Procedures
- Conflicts of interest
- Custody of Client assets
- Portfolio Management Standards
- Performance
- Advisory Agreements
- Sales practices
- Books and Records
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- Allocation of Trades
- Change of Control
- Disclosure
- Advertising
- Personal Trading
- Referral Arrangements
- Anti-Money Laundering
- Accredited Investors
- Anti-Terrorism Regulations
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For more information on The SIMULATED AUDIT TM, please call
J. Michael Lowry, Managing Director
(affiliate member of the TSFA)
(905) 281-2616 or toll free 1-877-We-Verify (1 877 938-3743)
Fax
(905) 897-9210
89 Queensway West, Suite 226, Mississauga, ON Canada L5B 2V2
e-mail: info@investorschoice.ca.
website. http://www.investorschoice.ca
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