Integrity of data is fundamental to CASS and auditors will consider how firms mitigate IT risks inherent in systems when considering the completeness and accuracy of data. Automated controls will be reviewed to ensure that they are operating as expected, including the processing of data, calculations and postings. Controls will be assessed to ensure that they are working effectively and that they result in the desired and expected outputs for CASS reporting. System generated reports will also be assessed for completeness and accuracy, to ensure management’s reliance on them.

Data integrity and controls are paramount to CASS. The overriding message is clear – start automating now, if you haven’t already – whether CASS is undertaken in-house or you undertake CASS oversight of your third party provider.

Achieve CASS Automation

AutoRek significantly reduces the burden on firms required to meet the regulatory obligation of client asset protection as defined in the FCA CASS Handbook.