Licensees are required to monitor and supervise the activities of their Representatives. To satisfy this obligation licensees generally arrange for their Representatives to be audited at least annually.
The annual Representative audit report provides your business with the opportunity to identify and improve areas of your process and procedures. It also provides a learning opportunity for your Representatives that should be utilised.
- Catalyst can work with your business to address and mitigate issues identified in the audit process. We can help you to determine whether issues are systemic, analyse the issues and identify and implement appropriate remedial action plans for the business and/or the Representative
We have significant experience in the identification and classification of breaches, assisting licensees to conduct thorough incident evaluation and, when required, collate the required information to prepare ASIC breach notifications.