We understand that firms are often keen to review their risk management regime but are unsure of where to start or what to prioritise.

As a kick-start to your risk management thinking we have devised a number of short questionnaires to help you evaluate your firm's processes and procedures and to identify any potential areas for improvement. The questionnaires will focus on different topics over the next few months. The first of these covers Letters of Engagement and Core Competencies/Dabbling.

The questionnaires were prepared before the COVID-19 outbreak and do not reflect any special short term measures that might be appropriate in the lockdown that exists at the time of publication.

How to Access the Questionnaires & What to Expect

To access the questionnaires please click on the links below and you'll be taken to each one in turn. As you work through the questions, there will be advice and commentary, depending on your specific responses and this advice will include some suggestions for improvements.

Part 1: Risk Management Health-check Survey - Letters of Engagement  

Part 2: Risk Management Health-check Survey - Core Competencies/Dabbling

Part 3: Risk Management Health-check Survey - Supervision

Part 4: Risk Management Health-check Survey - File Maintenance 

Part 5: Risk Management Health-check Survey - Conflict of Interest

Part 6: Risk Management Health-check Survey - Diary Systems

Part 7: Risk Management Health-check Survey - Client Account Fraud

At the end you will also be asked for some feedback on your experience and we would be grateful if you would complete this for us. This will enable us to tailor the questions further in the future and develop new topics on which to provide support.

At the end of the questionnaire you will be offered the opportunity to save a copy of your responses together with a copy of the questions.

The questionnaire is entirely confidential – we will not ask you to submit your name or details of your firm, unless you request that we contact you directly. The questionnaire is simply aimed at providing you with an introduction to risk management across some key areas of your practice.

We will receive a copy of the responses but we will not be able to identify the firm who has completed the questionnaire.