Internal audit for stock broking
 In addition to compliance with SEBI regulations, areas that would be covered under our internal audit are as follows:
- Client registration (incl. KYC norms, client agreements)
- Sub-broker relations (Registration with SEBI, revenue sharing agreements, etc.)
- Order Management (incl. Proprietary trades)
- Clearing & Settlement (incl. delivery auctions & close-outs)
- Risk & Credit Management (capital adequacy, margin requirements, etc.)
- Client Billing & Collection (contract notes, etc.)
- Finance & Accounts
Specific coverage of:
- Brokerage accounting
- Trading fees & charges payable to SEBI & the stock exchanges
- Securities Pool account
- Margin accounts
- Client ledgers
- Bank accounts (for client & own funds)
- Taxes applicable (STT, service tax, stamp duty, etc.)
- Regulatory compliance
- Depository Services
- Portfolio Management Services
- Information systems (incl. trade downloads, software integration, online trading, etc.)
- Human resources management
|
 Benefits
Our well balanced approach will help to achieve your Business objectives by…
- Minimizing threats and maximizing opportunities
- Streamlining the main & ancillary business processes
- Better management of sub-broker activities
- Having more time for rendering quality services to clients
- Compliance with all regulatory norms
- Adherence to margin requirements
- Providing better transparency & keeping a check on questionable activities
- Ensuring the integrity of data spread across various software applications
|
|
|
Assurance