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Back Office Operations
Definition
These are the administrative functions of an investment firm such as accounting, reporting, processing, trade clearing and compliance.
Using the term Back Office Operations :
Mr. Smith, the SEC compliance officer, carefully checks the back office operations of XYZ invesment company to ensure that appropriate procedures are in place.
Pay Special Attention To :
The controls and audit results of an investment company's back office operations. If there are "red flags" that appear from a review of back office operations, then there may be problems in other areas of the firm.
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Related terms
compliance , administration , audit , accounting risk
