Mock Examinations

Mock Examinations.

What is a Mock Examination?  As the name implies, a Mock Examination is a review of your organization in much the same manner as your primarily regulator assesses your organization. We will review the same items with the same requirements in mind that will be the focus of your next regulatory examination. The primary objective of a Mock Examination is to help the organization prepare for the next regulatory examination.   Additionally, most organizations also request that the Mock Examination process address management and operational opportunities for improvement.

Why should my organization consider a Mock Examination?

As the current regulatory environment continues to evolve, existing requirements gain new attention and new requirements and duties are plentiful. It is the rare organization that has the ability to constantly stay on top of the very long list of regulatory requirements. The Mock Examination provides you the opportunity to review your organization in depth, so that regulatory and compliance items can be identified and resolved without the threat of regulatory action. The primary benefit of a Mock Examination is that you can avoid distractions that are inevitable with any regulatory findings which will pull you and your staff away from moving your business forward. Put more directly, the purpose of a Mock Examination is to support your ability to increase income while at the same time limiting the risk of an increase in expenses due to a poor examination report.

What specifically would a Mock Examination involve?

The scope of the Mock Examination will be tailored to address areas of interest based upon your business activity and any specific needs or concerns that we identify in our planning conversations with you. As a general matter, the following items are components of most Mock Examinations:


  • Individual Account Review
  • Adequacy of Policies and Procedures
  • Technology and Information Security
  • Safety of Assets and Custody
  • Investment Programs and Products
  • Marketing Materials.
  • Corporate Governance and Conflicts of Interest
  • Anti-Money Laundering and Customer Identification Programs