This is on my list of things to do as well.....The audit is scheduled for later in the year, thankfully. I just got an update on my audit procedures manual and there was nothing.
I have a pile of reading on risks from links I have found on netdeposit, remotedepositcapture, gonzobanker, etc. I figured start with the risks...... is there a policy covering it, how good is the policy, admin setup on software, how are customers approved, are deposits monitored (how, by whom), are customers reviewed annually, what are customers doing with checks when they are done, what kind of agreement did customers sign, etc.
I haven't figured out the nuts and bolts of sampling deposited items, etc. I figure I should look for kiting (my big fear!), double deposits, deposit of personal items, deposit of foreign items....but I haven't really put pen to paper on this yet. It's all kinda racing around my head.
I was hoping there would be more info coming out - - -then the IIA financial services conf is scheduled for June (still OK time frame for my audit) - - - -maybe more info there.
If I get something together - - - I'll keep you all in mind. I would appreciate the same.