I am looking for feedback on required annual audits. Is a liquidity risk review required annually?

Nope. From an Internal Audit side, the only required annual Audit would be ACH. All others on a risk based approach.

Thank you

Doesn't BSA have an annual requirement? Or is it just high enough risk it always ends up there for me?

Check your policies statebank...you may have some requirements in there that you weren't aware of. I asked all managers to change their policy language to something a bit more generic such as:

The internal audit staff will conduct an audit of the XYZ Policy in which the frequency will be determined by the internal audit risk assessment and internal audit program which are compiled on an annual basis.

I believe BSA is required annually. For independence purposes ours is outsourced.

I think BSA is required to.

Doesn't the SAFE Act require an annual audit?

BSA is every 18 months.

Annual independent testing of the policies and procedures for assuring compliance with the SAFE Act.

Of all of the things I audit, I love that this report is always first on the request list.

I believe audits of Trust Departments are required annually as well.

Not to get too far off topic here, but if you are registered with Medallion STAMP, one of their requirements for participation is an annual audit.

BSA is recommended 12 to 18 months...if you are a larger FI or have higher risk characteristics (whether that be geography, product and service type, customer base), you would probably be criticized by your examiner if it was not annual.