This may not be the same kind of situation, but we have an annual Director's Exam that is required by Nebraska State Law. It's not an audit, but it is a review of all balance sheet accounts by a CPA firm. I am the main contact for questions/information for the auditors, however it is also a group effort when supplying them information about certain accounts. The controller/EVP is the 2nd main contact and was in control of this exam prior to my arrival at this bank. He passed it on to me mainly because I used to work at a CPA firm doing Director's Exams - I knew what they were looking for and the information they needed.
$240MM, 7 locations, 75 FT employees