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#1095395 - 12/10/08 10:48 PM Wire audit
COMPLIcated Offline
Diamond Poster
Joined: Mar 2003
Posts: 1,035
OK
Every year we do an audit of the wire transfer area. Is this required to be done annually?

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Audit
#1095458 - 12/11/08 01:18 AM Re: Wire audit COMPLIcated
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
The BSA and IT examination guidelines both address wire transfers. Since it also is a very high risk area, I would think that your overall audit risk assessment would indicate that an annual audit is in order.
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