CCO Companion provides investment advisers with the information and resources they need to satisfy even the most challenging regulatory and compliance requirements. CCO Companion’s wide range of resources can help you navigate your toughest compliance tasks.
FEATURES OF THE APP
- Testing Tools
The app has a testing folder in its tools section that contains a Compliance Testing Plan template which is pre-loaded with all tests that are found in the Testing library. These tests are broken down by the Compliance Topic. For better specificity, they are broken down by the Compliance Sub-Topic.
- The Reference library
The app has a Reference Library which gathers the regulatory and the compliance information from all the essential sources. The CCO Companion app is made unique by the fact that before any document is added into the Reference Library, it is at first analysed by an compliance professional with relevant experience for the same.
- Risk Assessment feature
Each investment adviser has to conduct a risk assessment annually. They use the many risk identification questions and also potential compliance risks which are listed in the latter Risk library. These also help to access the templates of multiple risk management to help the user of the app reach their risk assessment obligations.
- Compliance Testing
Among the most challenging tasks that faces an investment adviser is the ability to implement compliance testing plan thoroughly. The CCO Companion app makes the process of testing simple through breaking down above 800 forensic, general and transactional compliance tests into given compliance topics.
- news & alerts
News & Alerts keeps the user at the leading edge of the compliance information through giving direct feeds from the key regulatory authorities such as SEC.
application Relevance: The app ensures that each document is first reviewed by the compliance professional as well as assessed for significance. If the document is considered relevant, then it is added into the Reference Library.
Examination Readiness: The CCO Companion has the SEC document request letters that cover all the regions and types of examinations -sweep general, presence- which can be accessed for the preparation for the SEC examination which is inevitable.
Understandable: The CCO Companion app is simple to use as it is based around the 15 compliance areas that are most common. The app also provides the information from each relevant source of compliance, and this includes the No-Action Letters, SEC Releases, Speeches Enforcement Actions and the Compliance Risk Alerts.
Utility: With there are many compliance tests, lists of potential compliance risks, risk identification questions and also compliance training material, the CCO Companion may help one to satisfy all their major requirements of compliance.
Customization: CCO Companion allows a user to import their own compliance documents.
- The application lacks any serious demerits apart from some few cases of reviews complaining of the CCO Company not working on their iPads
With its great features and performance the app is indeed worth each penny. The app features a free download on iTunes but a user should Purchase a 6-month an auto-renewable subscription for $299 or a 12-month subscription for $499; which offers a 17% saving.
CCO Companion offers the investment advisers with all the information and the resources that they require to satisfy their regulatory and compliance requirements that are most challenging. The features of the application make it very effective I performance and anyone who needs to use it should not hesitate to get it on free download from iTunes.