Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
Audit Extension Guide and Request Form
Don Anderson, CPA, CFE & CBA, VP & Audit Manager at First Banking Center helped develop this worksheet for the bank as a result of realizing completion dates of audit recommendations were arbitrarily being extended without adequate consideration of risk or a formal review and approval process prior to the granting of an extension.
This form should help curtail the arbitrary granting of extensions.It will also help to formalize a process for the consideration of risk relating to the audit issue and the impact it has to the bank (initially and after granting the extension), along with a means of formally documenting approvals for the extension.
The main objective of the form is to have Audit Committee and Senior Management formally involved, via their documented approval on the form for HIGH level audit issues, and only Senior Management's documented approval for MEDIUM AND LOW level audit issues.
First published on 02/01/2008