FINRA Examination Support
During examinations, ACI provides regulators with all necessary documents so they can conduct their analysis and review.
As the preparer of the financial statements and the regulatory financial reports, ACI provides FINRA examination support by acting as the liaison with regulators. ACI provides all documents necessary for regulators to conduct their analysis and review.
Designated examining authorities, such as FINRA, often inquire about the financial statements supplied via FOCUS Report and SSOI filings to gain transparency about the net capital and/or financial stability of member firms. These inquiries may come in the form of email or phone calls after filings are made, or they may be in the form of cycle examinations. Cycle examinations are a more formal review process conducted by regulators, whereby they may spend a period of a few weeks onsite at each member firm, with the goal of understanding and reviewing the operations, compliance and financial reporting of the broker dealer. ACI makes every effort to provide FINRA with the resources to handle the cycle examination offsite.
ACI’s internal accounting structure has been customized to maximize financial reporting accuracy and mitigate the likelihood for regulatory findings that could potentially result in fines, censures, or disruption of business operations.
Give us a call at 212-668-8700, or follow the contact form link below to learn more.