SOURCE: RIA In A Box

August 11, 2009 06:00 ET

RIA In A Box to Offer Mock Audit Services to RIAs

HOUSTON, TX--(Marketwire - August 11, 2009) - RIA In A Box (www.riainabox.com), a consulting business aimed exclusively at efficient creation of registered investment advisory firms, today announced it will begin offering mock audit services to RIA firms which want extra preparation for SEC and state regulatory audits. The service begins in September and will be available initially to those RIAs established by RIA In A Box.

The mock audits, which take between three and five hours, will be performed by an experienced compliance auditor who will review the materials which the state or the SEC will look for during a standard first-year audit. The compliance auditor will come to the RIA office and review materials such as the ADVs, client agreements, files and folders, books and records, policies and procedures, and advertising, marketing and promotion materials. In addition, the RIA In A Box compliance auditor will answer compliance questions and interview the firm principal to ensure all the materials and information are in synch.

The compliance auditor will do a random sampling of all materials, take the information provided by the RIA owners and will provide an audit report highlighting any potential issues and suggestions for improvements.

"I am offering these services because I get a lot of requests for them, but I want everyone to understand that no one needs a mock audit. There is certainly no legal requirement to go through this," explains RIA In A Box president Zachary Gronich. "I am offering this because we find that some people are concerned about the first-year regulatory audits and this is an easy way to make sure you are prepared. However, I assure my existing customers that if they ever have a problem or issue that arises during a state or SEC audit, we will respond to the official audit letter and take care of it at no charge."

About RIA In A Box

RIA IN A BOX is a consulting firm specializing in preparing RIA registration materials for the creation of registered investment advisory firms most efficiently, submitting the requirements to the states and SEC in only three to seven days. Since its founding by Zachary Gronich, CPA/PFS, in 2005, RIA IN A BOX has helped over 700 advisory firms get registered quickly and correctly the first time. RIA IN A BOX works with all 50 states, Washington, DC, and the SEC. The firm is headquartered in Houston and has recently opened an office in Manhattan. For more information, visit www.riainabox.com or call (866) 611-7638.

Contact Information

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    925-631-0553