Event audit screens on EF: introduction
- current Interest;
- annual accounts; and
These screens should be updated as soon as new information becomes known. Consider the reader, who may be your line manager, the Risk team, an Appeals Officer, or the trader or his representative.
The purpose of the audit report and associated screens on EF is to provide a concise record of work carried out during an event, and to document essential information for use by other teams. Expressions which may be construed as personal remarks or opinions concerning traders should be avoided, however comments regarding the performance / compliance / credibility of the business are encouraged.
The completed event must be accurately reflected in EF, specifically in regard to the Risk Profile and Comments section on the EF audit report. This will enable the reader to focus on trader risks.