CASS 7: Best Practice Breakfast Briefing

In recent years, CASS Audits have shifted towards a more control-based approach from the substantive, sample testing methods. This is perceived by most as proactive, as it challenges the suitability of a firm’s key controls underpinning the operational processes. Where a control has failed in the past and given rise to a CASS breach, remediation action must be taken to enhance the existing control framework.

This is particularly true when an FCA regulated firm holds money on behalf of clients as Client Money and must therefore comply with the Client Money rules in chapter 7 of the FCA handbook.

Join our Breakfast Briefing

Following on from our new CASS 7: Best Practice whitepaper, we held our breakfast briefing, where we discussed some of the common challenges encountered by firms reconciling and reporting on Client Money positions.

Kieran Millar, Senior CASS Consultant at AutoRek, demonstrated core AutoRek functionality helping many FCA regulated firms undertake their daily internal and external client money reconciliations.

We were joined by Nisha Sanghani, Managing Director at Rosediem Consulting.

This event has now passed. For more information, please feel free to get in touch via marketing@autorek.com or +44 (0) 845 603 3613.

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