06/01/2002
Examiners find violations of the flood hazard insurance requirements - lots of them. That's bad enough. But on top of the findings are the consequences.
04/01/2002
Where's a good source for obtaining the basic knowledge needed for a novice to conduct an audit for the areas electronic banking and Internet banking?
04/01/2002
Are banks required to have independent auditing of their Bank Secrecy Policy and files? If so, what should the audit consist of?
02/11/2002
Is there available an audit program to audit the bank protection act/security review.
02/04/2002
I am an internal auditor and part of my duties involve performing an Information Technology and Securities Audit. Do you know of any seminars or training courses that might help me gain a better understanding of IT. I have never had any type of formal training on this subject.
01/07/2002
We are facing a potential loss because of a bookkeeper stealing checks from their employer and forging our customer's signature. Our customer's attorney alleges that we were at fault for not spotting the signature variations on checks over $2,500 (the bank's policy) that were reviewed by us. The alleged fraud dates back to March 2000. My question is: Is there a standard threshold amount that most banks use when reviewing incoming/inclearing on-us checks? Is $2500 a reasonable threshold? What process is used to determine that a signature is irregular? Is the customer contacted? Does the branch get involved?
01/07/2002
Who is the expert on processing ATM deposits? A local TV station has referred me to gov't agencies regulating banks. I have explored Reg. E on my computer and no reference is made to processing ATM deposits.
01/07/2002
Is there a check list of steps to follow when investigating a teller shortage? Is an audit of the work the answer. Looking for some guidelines.
11/05/2001
11/05/2001
I was researching information on BOL and came across an answer that you had given regarding Opening Procedures - one vs. two employees. We currently have a policy in place that requires two persons to open. The problem...our CFO arrives extremely early and opens by herself. She knows the policy and accepts responsibility for the fact that she is not following it. The other problem....during a recent audit we were cited for this. The auditors arrive early and thus saw her disregarding policy. I know in Banking that senior management always presents this problem but I need to address it. I really don't want to change our two person policy. The auditors recommended having each employee sign an acknowledgment of policy to be placed in their file. Do you have any other suggestions? We are a very small 2 branch organization in the country.