CASS review services

Some key CASS challenges are: 

• Operational complexity
  • Financial institutions often operate within intricate systems, managing client assets alongside their own. Through a rigorous operational assessment we'll ensure proper segregation and protection of client money
• Data management and reconciliation
  • Managing and reconciling data related to client asset movements can be complex. Our comprehensive review ensures your data's accuracy, integrity and completeness
• Regulatory evolution
  • As regulatory requirements evolve, financial institutions must keep systems, controls and documents updated to avoid compliance gaps
• Getting audit ready
  •  CASS audits are critical to financial institutions holding or managing client assets. Preparation demands sufficient documentation, accurate reporting, and detailed understanding of CASS requirements.

Our approach aligns to the 'Guidance on effective internal audit in the financial services sector' issued by the Chartered Institure of Internal Auditors (CIIA). Our CASS review work assists management in discharging their duties to ensure adequate protection of client assets. Our rigorous and independent view established whether key CASS risks have been identified and effectively managed.

The Buzzacott difference

• Thorough systems assessment
  • We’ll take a microscope to your CASS systems, processes, documents, and controls, suggesting what can be improved, or better aligned with regulatory requirements.
• Regulatory compliance guidance
  • We’ll ensure your systems are keeping up with the ever-evolving regulatory demands, and guide any necessary changes.
• Collaborative approach
  • Our collaborative approach involves working closely with your team to understand your unique operations and systems. We tailor our report to your needs, ensuring practical and effective solutions. True collaboration: Our team will work side-by-side with yours, to understand your operations and systems. Our tailored reports offer practical, effective, and targeted solutions.
• Integrity through independence
  • Our comprehensive and unbiased review offers an additional perspective on the core CASS systems, policies, controls, and oversight. It allows any issues identified by external auditors to be resolved, and any recommendations implemented.