We have expertise in all operational and administrative aspects of banking, including Deposit Operations, Cash Management / Electronic Funds Transfer, Loan Operations, Finance & Administration, and Human Resources & Payroll. Audit scope is customized to your organization structure, systems, staffing and other aspects of your institution’s risk profile. Some examples of typical audit scope items are as follows.
FINANCE & ADMINISTRATION
David Kellerman, ALM Practice Director
- Accounts Payable
- Correspondent Accounts
- G/L Entries
- Official Checks
- Regulatory Reporting
- Fixed Assets
- Centralized Certifications
- Bank-Owned Life Insurance
HUMAN RESOURCES & PAYROLL
David Kellerman, ALM Practice Director
- Payroll Reconcilement/Settlement to the General Ledger
- Payroll Input Process
- Salary Change Authorizations
- Payroll Deductions
- Salary and Grade Level Review
- Job Descriptions
- Personnel File Review
- New/Terminated Employee Documentation
- Performance Planning/Review Process
- Compliance with Employment, Safety and Other Regulations
DEPOSIT OPERATIONS
Gary Andreini, Operations Practice Director
- New Accounts
- Cash
- Compliance Notices and Posters
- Overdrafts
- Security & Key Control
- General Ledger & Suspense
- ATM Deposits, Settlement
- Night/Courier Deposit
- Safe Deposit
- Certifications
- Inactive and Dormant Accounts
- Levies and Attachments
- Telephone Transfers
- Stop Payments
- Vault Controls & Negotiable Instruments
CASH MANAGEMENT / ELECTRONIC FUNDS TRANSFER
Genelle Wrzesinski, EFT Practice Director
- ACH Rules Compliance (NACHA Appendix 8)
- Wire Transfers
- Online Banking
- Remote Capture
- Mobile Banking
- Lockbox
- Merchant Visa
- Positive Pay
LOAN OPERATIONS / NOTE DEPARTMENT
Brock Williamson, Credit Practice Director
- Boarding Controls
- Documentation Preparation
- Documentation Monitoring
- Settlement and Balancing
- Loans Secured by Marketable Securities or Deposit Accounts
- Loan Maintenance
- Negotiable Instruments
- Construction Loan Disbursements
- Other Advance Processing
- Payment Processing
- Loan Payoffs
- File Controls
Again, these are only indicative of typical scope requirements and not intended as a comprehensive list to cover all needs or situations. Many clients have specialized requirements within each of these areas; we’ll customize as needed. We have a very deep library of audit programs that we have developed and updated over the years. But if a specialized request comes in for something not in that library, we stand ready to develop a program for it.