What is Axiom regulatory reporting?
AxiomSL’s unique enterprise solution meets evolving regulatory reporting and risk requirements across global jurisdictions and regulators on one integrated platform with full transparency on clients’ source data and process. This solution adapts quickly to evolving regulations.
What is Axiom controller view?
AxiomSL’s RegCloud service delivers Development, Test, Production and Disaster Recovery environments in a cost efficient manner. ControllerView incorporates the latest technologies including Spark, Hadoop, RedShift, to deliver cost efficient processing and storage solutions in today’s big data environments.
What is regulatory reporting for banks?
‘Regulatory reporting’ is the submission of raw or summary data needed by regulators to evaluate a bank’s operations and its overall health, thereby determining the status of compliance with applicable regulatory provisions.
What are the three pillars of Basel III?
The Basel III Guidelines are based upon 3 very important aspects which are called 3 pillars of the Basel II. These 3 pillars are Minimum Capital Requirement, Supervisory review Process and Market Discipline.
What are CCAR reports?
The Comprehensive Capital Analysis and Review (CCAR) is an annual exercise by the Federal Reserve to assess whether the largest bank holding companies operating in the United States have sufficient capital to continue operations throughout times of economic and financial stress and that they have robust, forward- …
What does statutory reporting mean?
Statutory reporting is the mandatory submission of financial and non-financial information to a government agency. In many countries, International Financial Reporting Standards (IFRS) has replaced country-specific Generally Accepted Accounting Principles for statutory reporting.
What is the difference between statutory and non-statutory?
Statutory refers to organizations and bodies that are defined by a formal law or a statute. Non-statutory is essentially another term for common law. …
What are the examples of non-statutory record?
Non-statutory records are of private use to schools that find them useful. These include: cash book, stock book, punishment book, school calanedar, inventory book, staff minutes book, school magazine, inspection/supervision report file, confidential report forms and requisition book.
What is non-statutory reporting?
What is a Non-Statutory report. Non-statutory reports are prepared in order to help the board of directors or top executives to take a quality decision for the effective control and management of business organization but not required under the provisions of any law.
What are non-statutory accounts?
‘Non-statutory accounts’ are accounts or other published financial information that are not the company’s statutory accounts (e.g. simplified accounting information such as an account in any form claiming to be a balance sheet or profit and loss account relating to the financial year of a company or group).
What is non-statutory?
Non-statutory is essentially another term for common law. Therefore such bodies are formed by executive resolution or action, which means that they are formed only by the Government’s action.
Where non-statutory audit is applicable?
For the non-statutory audit, the entity may exempt from the law’s requirement, but the entity still engages with the firm. This is because of shareholders’ requirements, the board of director’s requirements, management requirement or some time it is because of parent company requirements.
What is the difference between statutory audit and non statutory audit?
Statutory audit is authorised and governed by law or a statute; whereas the audit got done voluntarily and without any legal or statutory force is non-statutory. Examples of non-statutory audits are the audits of partnership firms and individual proprietary concerns.
What is a non statutory audit?
A non-statutory audit is an audit of a company or organisation’s business that is not required by either the law or a regulatory agency or authority.
Is statutory audit and external audit same?
Statutory Auditors are a part of the external audit process. Statutory auditors are focused on the various financial accounts or risks associated with the domain of finance and are appointed by the shareholders of the company.