FSA Auditing
Collating the evidence that shows your company meets the FSA regulations can be a substantial challenge, with information spread across different departments in a variety of formats. Even once you’ve gathered the information for an audit, it is often too late to be able to change or influence any areas of non-compliance.
AITrackRecord enables you to focus on effective delivery of your advisor development, case checking and customer feedback, whilst providing compliance monitoring as a positive bi-product. By centralising your company’s information, AITrackRecord enables you to maintain a constant view of your compliance status (through customised user dashboards). If there are any areas that do not meet company objectives or FSA Regulations, then AITrackRecord will automatically provide you and the relevant stakeholders with early warnings and alerts to take proactive action.
Not only does AITrackRecord centralise all the information relating to corporate compliance, but it also streamlines audits by enabling you to easily extract all the information the FSA requires from a single point.
AITrackRecord helps you with FSA audits by:
- Providing alerts about areas not meeting regulatory requirements, enabling corrective action to be taken
- Enabling proactive tracking and reporting of current company compliance status
- Providing you a full audit trail of training and development plans, case checking and customer feedback
- Enabling you to efficiently extract cross departmental information to provide evidence for any FSA inquiry
