(Mock Audits)

Today’s sophisticated investors and empowered regulators expect investment advisers and broker-dealers to employ a compliance and operational infrastructure that is capable of detecting and preventing fraud and malfeasance. Investor expectations and current regulations require a firm to periodically test compliance and controls procedures and to maintain appropriate documentation of such testing and its results. Many sophisticated investors as well as accepted industry best practices require that annual compliance testing be conducted and certified by an independent, third-party firm. Orical’s Compliance Monitoring and Mock Audit Programs not only provide an extra level of investor and client confidence but add the measure of independence that investors and regulators expect. Each audit and monitoring program starts with a thorough risk assessment to ensure that all appropriate areas of firm infrastructure are tested and that critical areas receive the most attention. Both of Orical’s investment adviser and broker-dealer Compliance Monitoring Mock Audit Programs may include certifications of compliance.