Auditing custodial accounts

摘要

According to one embodiment of the present invention, a system for auditing custodian accounts is provided. The system includes a database system receiving customer and custodian information. A sorting processor performs a sort operation on the received customer and custodian information. A customer and custodian matching processor identifies matches between the sorted customer and custodian information. An interface unit outputs information relating to the existence of matches and non-matches between the customer and custodian information.

主权项

1. A system comprising:
an auditing database system that is at least partially implemented in hardware including an auditing database system website receiving customer information directly from a customer with assets managed by a custodian, the customer information identifying at least one custodian and identifying assets managed by the custodian, wherein the customer self-reports an existence of accounts and assets managed by the custodian to the auditing database system; a database system that is at least partially implemented in hardware receiving said customer information from said auditing database system website, said database system also receiving custodian information from a custodian relating to the customer and the customer's assets; sorting processor that is at least partially implemented in hardware performing a sort operation on the received customer and custodian information; customer and custodian matching processor that is at least partially implemented in hardware for identifying matches between the sorted customer and custodian information; said auditing database system having therein an auditor interface for outputting information to an auditor relating to the existence of matches and non-matches between said customer and custodian information, wherein the custodian information received by the auditor through the auditor interface is used by the auditor to perform an audit on the custodian to verify the existence of assets corresponding to the customer information; customer/auditor interface unit for providing said customer with information from the auditor interface regarding the existence of matches and non-matches between said customer and custodian information; and the auditing database system providing a recommended course of action and outline of the discrepancies if there are any non-matches between said customer and custodian information, wherein the recommended course of action includes communication with the auditor.