Thread Options
#1164674 - 04/16/09 04:42 PM Notary Public
one auditor Offline
100 Club
Joined: Apr 2004
Posts: 104
Midwest
From an audit perspective, what controls needed to be in place regarding bank employees acting as a notary public?

Any help would be appreciated.

Thank you.

Return to Top
Audit
#1164685 - 04/16/09 04:51 PM Re: Notary Public one auditor
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 77,568
Galveston, TX
A notary is normally an officer of the State and the bank should have little control over their notary activities. In some States (not sure about Wis.) the bank would not even be allowed to keep any notary fee that is charged, as it must go to the notary and cannot be assigned to an employer.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#1164719 - 04/16/09 05:20 PM Re: Notary Public rlcarey
edAudit Offline
Power Poster
edAudit
Joined: Jul 2008
Posts: 4,728
You are here
NY
_________________________
Opinions can be considered as coming from anywhere but my employer.

CAMS


Return to Top
#1164906 - 04/16/09 07:22 PM Re: Notary Public edAudit
Ready to Retire Offline
Diamond Poster
Joined: Aug 2005
Posts: 2,313
Living in the land of Oz
Same in PA. Our notaries only do in-house notary work and all fees go directly to them not to the bank.

Return to Top

Moderator:  Andy_Z