Joined: Jul 2013
Is a DDA Compliance Audit required? I am working on this and can't find any procedures. I have an old audit report and a box FULL of workpapers but no procedures to follow. Does anyone have any procedures or advice they can share?
Joined: May 2011
If you are talking about Demand Deposit Accounts, the answer would be no. There are only a few audits which are required, the others are risk based. For Deposit Accounts, you might consider Truth in Savings - Regulation DD.