Updated December 21, 2018 07:02:37 As a matter of policy, we are not commenting on the specifics of individuals’ personal financial matters.
But we have reviewed the results of our audit and found that a number of banks have met our audit criteria, and that the financial institutions have demonstrated that they have taken appropriate actions to comply with the standards of care for financial institutions, the law and the rules of professional responsibility.
This review is not intended to be an endorsement of the banks or the individuals named in the review.
The audit is based on information available to the Department of Justice.
For more information, please visit www.justice.gov/complaint/financial-industry-audits/certified-financial-services.
A summary of the audit’s findings are provided below.
Based on the review of financial institution internal control data, financial institutions identified two key weaknesses: (1) there is no evidence of significant mismanagement, fraud or improper conduct by the financial institution’s personnel; and (2) there are no indications of systematic or systemic risks to the financial system from financial institutions’ compliance with the law or the fiduciary duties of their employees.
Based upon our review, we found that: A financial institution did not comply with its legal and fiduciarial responsibilities, including those related to the internal control over financial reporting, to ensure that the compliance was consistent with the internal controls over financial statements; and A financial bank did not take appropriate action to prevent its employees from committing fraud or mismanagement.
For the full report, please see the following link: www.federalregister.gov/_files/2016/03/CFR-2015-831.pdf.
To view this audit’s full report and a list of financial institutions that are currently subject to our audit, please click on the following links: A summary summary of our review is available here: www-nhl.com/nhl-news/financials-audit-firm-certified/ The following is a list with links to the documents that were used in the audit: Audit findings: Auditors review of Financial Services, Certification, Standards of Care, and Business Conduct of Financial Institutions, 2017 (pdf) The following documents were not used in this audit: Statement of Financial Condition for the year ended December 31, 2018 (audit summary) Certification of Financial Instruments and Financial Instruments Market (“CIF”) Statement of Changes in Financial Instruments, September 30, 2019 (audits summary) Financial Institances Audit, October 1, 2019(audit summaries) Auditors’ report on the Audit, November 12, 2019 Auditors report on audit results, December 11, 2019 and January 3, 2020 (auditors summary) Audit Report on Compliance With Standards of Conduct for Financial Institors, March 1, 2021(auditors report) Certification and Certification Statement for the Business Conduct Policy and Policy Statement of the Board of Governors of the Federal Reserve System, April 8, 2021 (auditor summary) Certificate of Certification for the Financial Institives’ Compliance with Standards of Performance, September 26, 2021 Auditors audit the compliance of the United States financial institutions with the requirements of the Investment Company Act of 1940, as amended (the “Investment Company Act”), the Investment Advisers Act of 1975, as revised (the Act), the Securities Act of 1933, as modified (the Securities Act), and the Credit and Debit Card Act (the Card Act), January 1, 2022 (auditing summary) Certified Financial Services Audit, February 14, 2022(auditing summaries, auditors report and certificate) Certification Statement, March 31, 2022Auditors audit financial institutions for compliance with all requirements of Federal regulations, including the Federal Deposit Insurance Act, the Dodd-Frank Wall Street Reform and Consumer Protection Act, and the Bank Holding Company Act, as applicable, and with all applicable state laws, regulations, policies and directives, including, but not limited to, State securities laws and the Federal Trade Commission Act, relating to the securities industry.
Auditors also conducted audits to determine whether a financial institution met certain requirements relating to its corporate governance and internal control and to identify any deficiencies that may exist.
Audits were performed in compliance with Section 4(b) of the Bank Secrecy Act of 1970, as reauthorized by the Dodd Frank Wall Street Act of 2010, and section 10(a) of Dodd- Frank Wall St Reform and Commodity Futures Modernization Act of 2012, as further amended.
Audited financial institutions include all of the companies listed in our 2017 Annual Report on Form 10-K.
The audited financial institution that provided the most accurate information in each audit is marked with a asterisk (*).
Audited Financial Institions may have financial statements prepared in multiple languages and may be subject to audit by different auditors.
All financial statements are publicly available on the audited institution’s website, and any audited statements may be viewed on the website of that audited entity