RIAs – Getting a handle on your SEC Pre-Audit

 In General, IVDesk, News

You’ve seen the press about SEC audits and you understand the need to be compliant, but you still haven’t done a pre-audit of the latest FINRA and OCIE/SEC guideline requirements and areas of focus for 2016.  Your compliance officer (CCO) is on top of things but this audit is different; it includes cybersecurity, technology infrastructure, and overall risk management.  Has your IT service provider helped with this?  Are you confident that you can pass the review?

Here’s our take on what you should be doing:
1. Involve your CCO and IT department/service provider
2. Go through your existing policies and procedures with an eye on how the latest OCIE guidelines fit
3. Update your policies and  procedures
4. Get your staff trained on policies, procedures and cybersecurity
5. Do your own pre-audit of all the items on the OCIE list

Get ahead of your audit so that you’re not surprised when your review occurs.  Get your IT service provider to help now.  If there are gaps in your IT service provider, now’s the time to know that so you can work through them or move to a vertically focused IT solution like IVDesk, who specializes in audit and cybersecurity. Get compliant now and don’t risk failing your audit.

For RIAs, IVDesk  provides assistance in the pre-audit, policy & procedure review process and annual security audit.  Besides being the best platform to run all your applications and virtual desktops, IVDesk is the leader in performance, SEC compliance, and service in the RIA industry.  Ask yourself, is your IT provider the right partner for you?

Bill Sorenson
CTO / Founder

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