AuditFS

Want an effective compliance program? Test your policies and procedures.
 

Even in this technology-rich era, the typical regulatory review of implemented policies and procedures relies on paperwork-heavy processes that lack uniformity, consistency and even effective administrative controls. This leaves firms at serious risk for compliance violations in a time when the need for strict compliance is more critical than ever.

AuditFS from Wolters Kluwer Financial Services is a web-based solution that provides compliance professionals with a secure electronic means to conduct and track regulatory reviews. Whether these reviews are specific to a firm’s policies and procedures, or more specific topics of a compliance program such as anti-money laundering, branch reviews, annual certifications, and much more, AuditFS identifies the gaps and tracks to resolution. By integrating best-practice checklists and content in a structured review framework, AuditFS brings unprecedented confidence and simplicity to the daunting regulatory review process—and helps you and your firm stay in compliance.
 

AuditFS coordinates the key elements of regulatory reviews:

  • Create and record firm-specific review processes: Leverage Wolters Kluwer Financial Services’ exclusive program of test procedures by selecting content as-is, modifying the templates to create customized examinations or uploading your firm specific checklists.
  • Manage personnel and reviews: Assign personnel to conduct reviews and monitor their progress through the review cycle. Control access to the system by assigning various roles to users.
  • Conduct reviews: Record the results of each regulatory review directly into the AuditFS application as they work — or they can work offline and import their findings into the system later.
  • Track review progress: Monitor reviews with AuditFS’s tracking feature. With a few simple clicks view a list of scheduled, in-progress and completed audits.
  • Generate reports: AuditFS enables users to generate reports of certifications and examinations outlining the areas of deficiencies.
  • Access past review results: Search, review and export detailed regulatory review histories.

To learn more, inquire with a Wolters Kluwer Financial Services Representative: