Vendor Guru Q&A - Compliance

Latest Compliance - Sarbanes-Oxley Topics

10 personality traits that indicate you'd be a great accountant (and that's no insult!)

12/03/2017

If you work in the banking industry, it's much of stretch to assume that you know something about money.

Job satisfaction 101

12/03/2017

What should I do if I want to switch jobs? (Or careers!?)

Education and training

11/26/2017

When is the right time to return for graduate school?

Education and Training

11/19/2017

Why a Bank VP got her Master of Accounting degree (and why you should, too)

Why Master of Accounting over an MBA?

11/12/2017

Why should I pursue a Master of Accounting degree instead of an MBA?

There was a previously posed question under "Regs Triggered Due to Increased Asset Size", relative to a bank's asset size growing to $500 million or more. The answer implied that there my be state laws that apply, but did not indicate where that information could be found. My bank is not a publicly held bank. It has grown to slightly over the $500 million mark. Bank maangement is actually wanting to shrink below that amount by year end 2010. Do any of the SOX provisions apply to us? The SOX act specifically states "It does not apply to privately held companies." How true is that statement? What Kentucky state laws may apply regardless of that SOX provision? I have researched many facets of SOX information found on BOL and, quite frankly, I'm more confused now that when I began my research.

Sarbanes-Oxley Act

06/02/2008

What is the Sarbanes-Oxley Act? How does it affect banks?

Regs Triggered Due to Increased Asset Size

05/19/2008

We will soon reach a total asset size of $500 million. Are there any regulations or requirements that will be triggered by this threshold?

E-mail Record Retention

06/12/2006

What are the requirements for e-mail record retention for banks?

Employee Hotline, Part V

10/01/2005

Third Step: After the Call

Audit checklist for bank as mortgage loan broker

11/17/2024

I am looking for a checklist that auditors would use when doing an audit on a brokered mortgage, specifically when the bank is acting as the broker. Can anyone give me a suggestion as towhere to find one? I have been searching the internet but have not really found anything that would help me with this.

Data breach and card reissuing

11/17/2024

We have been notified by Mastercard of a data breach and need to inform our customers who were impacted by this incident. In previous financial institutions where I have worked, we typically send a letter to notify customers about the card compromise. This letter includes the date we will be closing their card and informs them that a new card will be issued. My question is regarding the regulations surrounding this process: Can customers choose to keep their card active? If so, where does the liability lie if they experience fraud in the future? I am looking for a regulation or a Mastercard rule to implement a formal policy, as there isn't one currently in place at my current financial institution.

Deceased Joint Accountholder Process

11/10/2024

Is this correct? Surviving joint account owner(s) can continue to use a deposit account as normal. The decedent will need to be removed from any deposit account they are an owner of. We thought the account had to be closed and another one opened but I'm hearing conflicting opinions.

Is checking online banking, being aware of a loss?

11/10/2024

Can a bank use the customer’s history of access to their online banking, to determine when the customer was aware of a loss such as an unauthorized electronic funds transfer?

Where are Check Return Limits Specified

11/03/2024

Where in the regulations does it spell out the time limits and liabilities for banks regarding counterfeit checks, altered checks, forged endorsements, etc?

Latest Compliance - Sarbanes-Oxley Topics

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