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Insights and News /

12 October 2020

Baringa 2020 CASS Insight Survey - Week 2: CASS Audits and Key Trends

This is the second in a series of four summaries based on the results of our fourth annual CASS survey. Around 50 participants have once again shared their views on a wide variety of topics, and over four weeks we are looking at the key findings.

Last week we looked at the wide range of firms participating in the survey and the impact of the COVID-19 pandemic on CASS compliance.

This week we are looking at CASS audits and key trends over the four years we have been running the survey. The headlines are:

  • CASS audits costs increase again and at a faster rate than in 2019
  • The average cost of a CASS audit for firms surveyed was £122K Firms find the audit more valuable than before
  • Incidents and breaches reduced slightly after three years of significant increase
  • Frequency of contact from the FCA is up slightly for CASS Large firms and down slightly for everyone else

Webinar presentation

These papers will be consolidated these into a single summary report which we will launch during a webinar presentation on 5 November, 8.30-10.00 BST. If you would like to join this webinar you can register by clicking here.

Read the full report

The report looks at CASS audits and key trends over the four years we have been running the survey.

Download