Quest CE, premier provider of insurance continuing education and FINRA compliance training, is proud to announce the Branch Audit Tool, an innovative addition to their industry leading suite of Firm Element compliance training solutions. Fully integrated and accessible from Quest CE’s proprietary learning management system, Renaissance, the Branch Audit Tool is live and available for use.
Quest CE conducted surveys with compliance focus groups to design a Branch Audit Tool built specifically for Broker/Dealers. After months of testing, the Branch Audit Tool has been perfected and allows compliance personnel to confidently schedule, conduct, manage and track audits of Branches and Locations of Convenience in accordance with industry regulations.
Quest CE’s Branch Audit Tool provides a sophisticated “Two-Tiered Access System”. Administrators have complete control of their compliance program, viewing all scheduled audits needed to be conducted by their branch auditors. Accordingly, auditors have a unilateral view of audits they are only required to conduct, allowing them to create and maintain a consistent workflow, while compiling information into one place for multiple locations.
Scheduled audits, the status of a branch audit and reporting can be viewed at a glance on the Dashboard. These features will assist Administrators and Auditors in determining what tasks need to completed on a step-by-step basis. Additionally, status dates are time stamped to reflect progress on branch audit activities.
Program Administrators have the ability to assign Auditors and Supervisors at different branch locations. Each individual branch will have a detailed profile including primary contact information, the location, number of scheduled audits, history of past audits and reporting, all of which is instantly viewable, reportable and printable. In addition, when an audit is scheduled in the system, an instant E: confirmation is delivered.
Branches are specialized with unique identifier codes (OSJ, Non-OSJ and Unregistered), assigned by the Administrator. Adding or editing branch information is intuitive. Additionally Administrators and Auditors have the ability to add new Branches, without the assistance of Quest CE.
Quest CE provides a complete spectrum of value-added services including custom setup, loading of audit questions, and branch and auditor information uploading. With Quest CE’s learning management system, questionnaire answers can be entered directly into the single platform. Progress can also be saved within the Branch Audit Questionnaire, if not completed in one sitting.
Based on the responses compiled from individual branch audits, automatic deficiency letters can be produced, highlighting issues that need to be addressed in future or follow-up audits. This powerful feature prepares the deficiency letter with the click of a button, and it can be sent to the appropriate person(s) instantly. Additionally, a follow-up request E: may be sent directly from within the profile, creating an instant audit trail.
The online Tool is infinitely accessible and can be utilized anywhere an internet connection is available, making the process portable and creating a centralized system for audits. Additionally, the “offline” function may be used to print an exact copy of the branch audit, allowing for the audit to be logged when the internet is not available.
The Branch Audit Tool may be bundled into a Firm Element compliance suite package or purchased individually. For more information about Quest CE’s Branch Audit Tool please contact a dedicated Sales Executive at 877-593-3366 or Email Sales[.]questce.com.
About Quest CE
Since 1986, Quest CE has built a reputation of being the premier provider of Compliance Education to the financial services industry. In addition to offering Providership Administration and insurance continuing education (CE) for professionals holding insurance licenses and professional designations like the CFP, CPA, CLE, CIMA and CLU/ChFC designations, Quest also provides a complete spectrum of compliance training solutions including the Financial Industry Regulatory Authority (FINRA) annually required Firm Element Training for registered representatives, On-demand Annual Compliance Meetings, Annual Compliance Questionnaires, Needs Analysis Surveys, Outside Business Activity Tracking, Gifts and Entertainment Tracking and Political Contributions Tracking.
With a client retention rate of 97.5% and a growth rate of over 500% since January 1, 2005, more and more people are discovering why Quest CE is the Next Generation of Compliance Training Solutions. Quest CE serves more than 250 leading insurance carriers, broker/dealers, banks, and other financial institutions. Quest is a privately held firm which allows us to quickly meet the ever-changing needs of their clients. Quest’s commitment is to provide advanced custom solutions at cost effective rates while providing a level of service that greatly surpasses that of our competitors. Quest provides a single source solution for organizations training and compliance needs, saving you both time and money.