Hey B-D, NASD Rule 3010 audit management got you down?

APR 20, 2012
No, I have not seen it yet myself but it certainly sounds good. Broker-dealers going through the annual branch office blues over their compliance inspection have a new tool at their disposal. That's because there is an updated version of the Wolters Kluwer TeamMate audit management system available, one that evidently has up-to-date rules and notices from Finra, the SEC and NYSE. TeamMate has been around for quite a while for audits in other sectors (according to the prepared statement it is in use with 85,000 auditors). The application/system has linkages to detailed audit procedures and checklists that can guide auditors through broker-dealer branch examinations. This includes the planning, pre-audit surveys and audit execution phases. And once ye olde branch audit is complete, the system automatically drafts the final report and tracks any findings through to remediation. And yes, it also has dashboards for providing comprehensive real-time reports on the firm's overall compliance status. Sounds sexy. For more information visit TeamMate Broker Dealer online. [email protected] On Twitter:

@ddjanowski

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