Latest Security - Audit Topics

Question: We keep a log for transactions for over $3,000, but once we exempt them, do we have to keep the log on over $3000 in cash for customers on the exempt list under Tier II?

Question: The newly appointed safe deposit box custodian called yesterday to tell me that she did a key inventory and found a key in file for a box that's been rented!

Remember the days when we all called it "consumer compliance"? There was the Consumer Credit Protection Act and all those stories about consumers who needed help.

One of the more particularly aggravating problems to a security officer, an audit officer, and to administration is the lack of prosecution of internal crime and bank fraud.

If Audit needed an example for why periods of absence are required for every employee, they got an important one recently.

Question: We have an account that requires two signatures. However, when the checks were printed, there was only one signature line put on the check.

The Federal Reserve Survey of Consumer Finance shows that by 1992, 87.5% of families in the United States have some type of transaction account-checking, savings, or money market.

Question: If one of the joint holders of an account dies, can we just remove the name from the account?

Question: We are having a hard time convincing our branch office people to fill out the $3,000 to $10,000 log carefully and forward it to us at the end of the month as they are supposed to

How did your last examination go? For that matter, how did your last outside audit go?

The following quote should make you feel lots better...