Beacon Consulting Helps Chief Compliance Officers Strengthen Their Annual Review While Reducing Associated Costs

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Beacon works in conjunction with both internal and external audit teams to review an organization’s entire audit program and identify areas of redundancy and potential gaps in the controls review.

Trusted advisor to global financial and investment firms seeking to achieve and sustain a competitive edge

Beacon is confident that this service will strengthen an organization’s compliance review while reducing costs associated with completing the review.” said Frank Strauss, Principal with Beacon Consulting Group

Today, Beacon Consulting Group, a strategic and operational consulting firm to the investment management industry, launched its Compliance Program Review that will enable Chief Compliance Officers (CCO) to fully leverage existing audit work to meet the requirements of SEC rules 38a-1 & 206(4)-7, while identifying gaps in their current compliance program and providing a framework to close those gaps.
“In today’s demanding regulatory environment, organizations are subject to numerous, cross-functional and potentially duplicative audits and reviews. At the same time, these audits provide varying degrees of coverage over 38a-1 & 206(4)-7 requirements, but are infrequently leveraged to meet the requirements of these reviews. Beacon is confident that this service will strengthen an organization’s compliance review while reducing costs associated with completing the review.” said Frank Strauss, Principal with Beacon Consulting Group

Beacon is uniquely positioned to act as a centralized facilitator for all audits performed at asset managers. Based on Beacon’s comprehensive industry experience, the 38a-1 and 206(4)-7 requirements have been categorized into topics and sub-topics that provide the framework for a more thorough and efficient compliance review. Beacon works in conjunction with both internal and external audit teams to review an organization’s entire audit program and identify areas of redundancy and potential gaps in the controls review. Beacon’s Compliance Program Review identifies operational and cost efficiencies by highlighting opportunities to rely on work performed during recently completed audits.

About Beacon Consulting Group
Beacon Consulting Group is a trusted advisor to global financial and investment firms seeking to achieve and sustain a competitive edge. Beacon is an operational strategy and systems integration firm that works with investors, investment managers, third party administrators, hedge funds and technology vendors to improve the efficiency, controls and profitability of their operations.

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Frank Strauss
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