The Financial Services Authority has launched an e-learning package for small firms to help them work out what financial resources they need to meet regulatory requirements.
The FSA states firms need to keep adequate financial resources at all times and the online training course is designed for those intermediaries with little or no accounting knowledge. By the end of the FSA course, it claims users should be able to: Identify why firms need to comply with financial resources requirements; Identify the information needed to review their financial position and undertake financial resources calculations; Recognise the auditing requirements of different firm types; Calculate their financial resources requirement and the firm’s financial resources; Un...
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