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#1466239 - 11/09/10 10:14 PM "Required" Annual Audits
kokoriko Offline
New Poster
Joined: Aug 2006
Posts: 5
CA
Does anyone have a list of 'required' annual audits?
We are used to annual audits of areas such as BSA, ACH, Trust, Wires, & Reg O. I can't think of specific requirementss, but the FDIC examiners ask for the audit reports every year. OUr new chief auditor wants to give to the audit committee

Thank you,

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Audit
#1466244 - 11/09/10 10:19 PM Re: "Required" Annual Audits kokoriko
UUCU Offline
Member
Joined: Jun 2008
Posts: 72
Wire, ACH, BSA, Truth in Savings, Escheatment

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#1466348 - 11/10/10 11:39 AM Re: "Required" Annual Audits UUCU
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 78,973
Galveston, TX
All audit programs initiated in any given year should be based on a sound risk assessmeent or you are just shooting arrows in the air. You need to start with a risk assessment and work from there. There is no magical list.
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#1467029 - 11/11/10 08:36 PM Re: "Required" Annual Audits rlcarey
Rocky P Offline
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Joined: Jun 2003
Posts: 7,380
Florida
Like Randy mentioned, you need to start with a risk assessment of the bank. There were a few in the bankers tools section.


http://www.bankersonline.com/tools/operational/risk.html
Last edited by Southern Banker; 11/11/10 08:38 PM. Reason: added link
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#1468029 - 11/16/10 04:12 AM Re: "Required" Annual Audits kokoriko
kokoriko Offline
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Joined: Aug 2006
Posts: 5
CA
Thanks, all we could could think of was Trust for Reg R and ACH for NACHA rules.

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#1468049 - 11/16/10 01:38 PM Re: "Required" Annual Audits kokoriko
A_G Online
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Joined: Jul 2004
Posts: 18,958
You'll probably, at the very least, get a slap on the wrist if you don't have an annual BSA audit either.
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