Auditing has transformed over the years. You will no longer see the outside auditors, or regulators, going out to branches to audit. The only exception may be selective review of compliance or BSA, but the regulators would select 1 representative branch. Gone are the days of the regulators coming in and sealing the cash vault and counting money.
Reliance is put on the internal audit program and the results are reviewed by the Board, and the outside auditors.
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CAMS, AMLP, AKC, K-9