ST1105
(10) Within two (2) months after the execution of this Consent Agreement, Respondent must submit a draft plan for the audit to the Director, DTCC, for review and approval. Within four (4) months after DTCC approves the plan, the audit shall be completed and a written report submitted to the…
Plain-language summary
What it actually means.
Plain-language summary forthcoming. Source text below.
Source text
As written.
(10) Within two (2) months after the execution of this Consent Agreement, Respondent must submit a draft plan for the audit to the Director, DTCC, for review and approval. Within four (4) months after DTCC approves the plan, the audit shall be completed and a written report submitted to the Director, DTCC. The written report must provide the findings of the audit, recommendations where there were deficiencies, and plans to remediate the deficiencies. Respondent's written report shall also include a matrix of the findings, proposed actions, (including implementation plans and testing plans), and expected date of completion. Within six (6) months of issuing the report, no later than twelve (12) months, Respondent will submit a written report to the Director, DTCC confirming whether Respondent addressed the findings described in the written report and status of proposed actions. Respondent shall submit the report to the Director, DTCC along with Respondent's plan on how it will address any outstanding proposed actions.
Assessed by HEXDI
What HEXDI assesses.
- M11
1 — AUDITS AND ASSESSMENTS
Program requires use of standard audit modules, a self-assessment tool or other audit guide that provides step-by-step instructions for…
- M11
2 — AUDITS AND ASSESSMENTS
Audit guide adequately defines the audit methodology.
- M11
1 — AUDITS AND ASSESSMENTS
Program requires proper documentation of audits.
- M11
2 — AUDITS AND ASSESSMENTS
Audit guide requires a written report on program deficiencies, areas for improvement, and recommended corrective actions identified in the…
- M11
1 — AUDITS AND ASSESSMENTS
Program has procedures for investigating the underlying root causes giving rise to program deficiencies and other internal control problems…
- M11
7 — AUDITS AND ASSESSMENTS
Program has procedures for developing, tracking and ensuring timely completion of corrective actions within established time frames.
Source & revisions
- First mapped
- Jun 8, 2022
- Last updated
- May 26, 2026 (27m ago)
- Source
- DDTC Consent Agreement(s)