Patty P. Tehrani, Esq.
Founder, Policy Patty Toolkit and author of the CCO Toolkit Series 1.0
It’s not unusual to come into the office and get either a call or letter from a regulator that they are launching an unexpected review of your firm on some issue or another. If you’re the General Counsel or Compliance Officer (CCO), coordinating the exam will most likely fall to you. The question is whether you’re ready for an unexpected examination.
I know regulatory examinations can be stressful but without a defined process even more so. I’ve lived through exams managed without a process and those guided by one and not surprisingly having a process inevitably garnered better results. Below I share some practical tips to help you develop an examinations process or improve one that you already have. [Read more…]