PATRIOT ACT - PERFORM INDEPENDENT AUDITS
Critical to validating the effectiveness of your compliance program, independent audits are required by the Patriot Act. While these audits are performed by personnel outside of the compliance organization, the scheduling and review of these audits are an important component of the Compliance Officer’s responsibilities.
HOW POLIVEC CAN HELP
With the Polivec EGS Activity Manager the internal audit process can be completely managed in a single system. Activity Manager can help Compliance Officer’s and their teams monitor the audit process by:
- Scheduling audits
- Assigning audit tasks to appropriate personnel
- Tracking completion of audit tasks
- Storing all audit files in a centralized location
The end result is an audit process that is efficient and effective. Audit results are readily accessible if needed to prove compliance to regulatory examiners.
MORE INFORMATION
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