Post Examination Consulting

Post Examination Response Assistance

If you experience an regulatory audit that identifies areas of your organization needing serious attention, our experienced professionals will help your team respond.

Why should my organization consider Post Audit Response Assistance
Regulatory audits are a reoccurring reality of the RIA world.  A poor audit report and or a downgrade in ratings jeopardizes all of the organization’s other accomplishments.  Plans for the future must be put on hold until problems from the past, identified in the examination report are corrected.  Even when those problems are corrected, examiners will continue to monitor closely the corrections to ensure that the corrections continue to avoid further problems.

Future profitability is negatively affected by this ongoing distraction. Once the problem is identified, the more aggressive and proactive the remediation the better to limit the short and long term effect on the organization.  It is important to remember that audit findings that are not remediated properly and that do not stay corrected will result in your regulators involving the board of directors and board members personally to ensure appropriate remediation.

The Post Audit Response Assistance is a valuable tool to quickly and proactively avoid negative effects on profitability, reduces the audit affecting the rest of the organization and limits the need to involve the board members on an individual basis.

What are the specific benefits to my organization from Post Audit Response Assistance?
Post Examination Response is usually an urgent, highly-visible and emotional project for your entire organization and without external help it can seriously impact the other priorities of your team – such as client service, business development and the myriad of other projects you might have underway, all of which affect profitability and potentially your next exam or audit as well as the credibility of the trust department within your organization.  Utilizing an experienced third party can be very positively perceived by regulators and senior management in that you have taken the concerns seriously, obtained professional help and have addressed the concerns aggressively and proactively.


This service provided by Wealth Management Compliance Alliance©, a division of Pohl Consulting and Training, Inc.