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The Benefits of Conducting CASS Client Money Account Audits

CASS Client Money Account Audit

Conducting CASS client money account audits offers a wide range of benefits for financial institutions. These audits not only ensure compliance with regulatory requirements but also contribute to the overall success and reputation of the institution. Let’s explore some of the key benefits associated with these audits. Enhanced client trust and confidence One of the […]

What is the impact of UK SOX Lite for your company part 3

UK SOX Lite compliance

Introduction The implementation of UK SOX lite compliance is set to have a significant impact on UK companies. This new regulation, inspired by the Sarbanes-Oxley Act (SOX) in the United States, aims to improve corporate governance, financial reporting, and internal controls within UK organizations.   Steps for UK companies to prepare for UK SOX lite […]

What is the impact of UK SOX Lite for your company Part 2

UK SOX lite compliance

Introduction The implementation of UK SOX lite compliance is set to have a significant impact on UK companies. This new regulation, inspired by the Sarbanes-Oxley Act (SOX) in the United States, aims to improve corporate governance, financial reporting, and internal controls within UK organizations. Key requirements of UK SOX lite compliance To achieve compliance with […]

How UK SOX lite compliance will affect UK companies

UK SOX Lite Compliance

Introduction The implementation of UK SOX lite compliance is set to have a significant impact on UK companies. This new regulation, inspired by the Sarbanes-Oxley Act (SOX) in the United States, aims to improve corporate governance, financial reporting, and internal controls within UK organizations. With the introduction of UK SOX lite, companies will be obligated […]

The dual role of Internal Audit

Internal audit and compliance

Internal Audit has an assurance role and partners with management and other parties to obtain assurance that the controls in place are working and that the business objectives are being met. This is one of the two main functions that modern Internal Audit performs, the role of assurance partner. The other function is that of […]

The anatomy of an audit (Part Two)

Internal audit execution

After planning the fieldwork can start. The audit team is delegated specific tests to perform and the fieldwork commences. Everyone should know what they are doing, time allocated and who they will be seeing. The work should be performed in sequence as per the audit programme. This prevents stops and blockages in performing the audit. […]