Finance
Compliance evidence packs
What the pack must contain, and the sign-off, stay with the firm.
The evidence of control should be a by-product of the work, not a project before a visit.
The workflow
Compliance evidence packs
- 01Define
The pack is the set of records the firm wants to show.
- 02Pull
Those records are taken from the work already done.
- 03Gap
A missing record in the period is listed.
- 04Sign
The pack is issued when the firm signs it.
What the pack must contain, and the sign-off, stay with the firm.
The problem
Compliance evidence packs still depends on a queue.
Before a review, someone reconstructs what happened from calendars and inboxes. The pack describes a process that was never written down as it ran.
Current process
A reconstruction exercise before every visit.
Before a review, someone reconstructs what happened from calendars and inboxes. The pack describes a process that was never written down as it ran.
The solution
A recorded workflow, with people where the decision sits.
Handled in the workflow
Checks, holds and clearances already recorded are pulled into the pack the firm defined. Gaps in the period are listed. The pack waits to be signed.
- Define
- Pull
- Gap
- Sign
Your team stays in control
What the pack must contain, and the sign-off, stay with the firm.
A pack drawn from the record of the period.
How it works
From the queue to a recorded outcome.
Checks, holds and clearances already recorded are pulled into the pack the firm defined. Gaps in the period are listed. The pack waits to be signed.
01
Define
The pack is the set of records the firm wants to show.
02
Pull
Those records are taken from the work already done.
03
Gap
A missing record in the period is listed.
04
Sign
The pack is issued when the firm signs it.
Without it
A reconstruction exercise before every visit.
With UYP Systems
A pack drawn from the record of the period.
What the pack must contain, and the sign-off, stay with the firm.
Also in Finance
The rest of the range.
Client onboarding
Onboarding is a file that has to be complete. The delay is the chase for what is missing.
- Open
- Collect
- Test
- Hold or pass
Evidence collection
The evidence usually exists. The work is asking, filing and knowing what has not arrived.
- Name
- Ask
- File
- Show
Reconciliation exceptions
A reconciliation that matches needs no one. The work is the break.
- Compare
- Pass
- Queue
- Clear
Discuss Compliance evidence packs.
The evidence of control should be a by-product of the work, not a project before a visit.