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#2240915 - 08/11/20 10:45 PM Bracnh Audits - COVID-19
Lele Offline
Platinum Poster
Lele
Joined: Feb 2007
Posts: 817
In the Sun
I do the branch audits for the bank on an 18 month cycle. With COVID-19 I have not audited two branches that were due 2nd Quarter. What are you doing if this is your responsibility? Our lobbies are still closed for appointment only. Thanks - Stay safe.
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Faith is seeing light with your heart when all your eyes see is darkness...

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#2240916 - 08/12/20 12:33 AM Re: Bracnh Audits - COVID-19 [Re: Lele]
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 74,792
Galveston, TX
Why bother under the current circumstances, Report to your audit committee and move on. Pick them up when the situation allows. There is no regulatory requirement for such audits,
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2240928 - 08/12/20 02:23 PM Re: Bracnh Audits - COVID-19 [Re: Lele]
osucpa Offline
Diamond Poster
Joined: May 2011
Posts: 1,381
Not sure what all is performed in your branch audits but if your lobbies are closed it might be easier to perform the audits. I had to revise my audit plan based on the pandemic and other issues. I made sure the audit committee approved the changes and it was documented in the minutes appropriately.

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#2241235 - 08/19/20 01:32 PM Re: Bracnh Audits - COVID-19 [Re: Lele]
ForceFull1 Offline
100 Club
ForceFull1
Joined: Nov 2003
Posts: 242
smalltown Iowa
We completed a branch audit remotely this past quarter. ICQ by telephone. Scans of hardcopy logs sent to the auditor. Etc.
We felt it was low risk to complete the audit this way. Branch has low turnover. Few operational changes. Etc.
Every bank's circumstances are different, so each bank will need to decide whether to postpone branch audits, do them remotely, or complete them as normal.

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