Organizations subject to oversight by a regulator, auditor or industry SRO know how resource intensive regulatory examinations, surveys and audits can be.  Such organizations spend much time responding to requests for documentation and verifying that documentation is up to date.  In many industries, there’s less time to prepare and more pressure to perform well on examinations and audits.  Poor performance can have a bottom line impact.

Here’s how FirmCover® helps save time:

• Facilitates on-going updates to policies and procedures and references, dramatically reducing the time needed for updates to documentation
• Expedites access to documentation by regulators and auditors, eliminating the need to produce hard copies
• Incorporates extensive audit trails of updates, reducing the time needed to update regulators and auditors on changes

FirmCover® also demonstrates to regulators and auditors that effective controls are in place:

• Shows that staff have easy access to all the requirements for which they are accountable
• Provides evidence that staff have affirmed their compliance with requirements
• Demonstrates that management has a controlled process in place for managing governance and compliance with procedures and controls

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