The first stage of any CASS audit will focus on your CASS footprint. To make your auditor’s job easier, you should maintain a file that clearly explains and documents how client money and custody assets arise in your business. Now is the time to review and update that document.
Getting the best out of your CASS audit
With the CASS audit season being just around the corner for many investment firms, it’s worth exploring what you can do before and during your audit to ensure you get the right result delivered efficiently.