Internal Audit Services

Internal audit service can be offered using our suggested scope and procedures based on common industry practices. Procedures may also be tailored to your individual risk profile. 

BANK-WIDE INTERNAL AUDITS

· Cash 

· Due From Banks and Fed Funds Sold

· Investment Securities

· Loan Operations

· Deposit Operations

· Fixed Assets

· Prepaid & Other Assets

· Other Liabilities

· Other Real Estate Owned

· Income and Expense

· Official Checks

· Employee Expenses

· Human Resource & Payroll

· Wire Transfer

· Call Report and Regulatory Reporting

· Remote Deposit Capture – Including Mobile Deposit

BRANCH AUDIT PROCEDURES

· Cash & Vault Controls

· ATM Controls

· Night Depository

· Safe Depository

· Consigned Items

· Collections

· Branch Security Procedures

SPECIALTY AUDITS

· NACHA Rules Audit

· Risk Oversight Requirements and Suggested Guidelines

· Non-Deposit Investment Products Oversight

· FFIEC Information Technology Handbook Examination Testing

The company can assist institutions with a range regulatory compliance review and consulting services. Compliance services often include adherence with the following regulations:

LENDING COMPLIANCE

· Truth In Lending Act – Regulation Z

· Real Estate Settlement Procedures Act – Regulation X

· Homeowners Protection Act

· Fair Housing Act

· Equal Credit Opportunity Act – Regulation B

· Home Mortgage Disclosure Act – Regulation C

· Insider Lending – Regulation O

· Loans in Areas Having Special Flood Hazards (FDPA)

· Fair Credit Reporting Act including Fair and Accurate Credit Transactions Act

· Servicemember’s Civil Relief Act and Military Lending Act

· Secure and Fair Enforcement of Mortgage Licensing Act (SAFE Act)

· Consumer Protection in Sales of Insurance

· Community Reinvestment Act – Regulation BB

· Unfair, Deceptive, or Abusive Acts or Practices

· Texas Home Equity and Other State Lending Rules

DEPOSIT COMPLIANCE

· Truth in Savings ACT – Regulation DD

· Expedited Funds Availability Act – Regulation CC

· Reserve Requirements of Depository Institutions – Regulation D

· Electronic Funds Transfer Act – Regulation E

· Electronic Signatures in Global and National Commerce Act (E-Sign Act)

· Garnishment of Accounts Containing Federal Benefits Payments

· Unlawful Internet Gambling Enforcement Act

· Overdraft Protection Program (2005 Joint Agency Guidelines)

PRIVACY COMPLIANCE

· Privacy of Consumer Financial Information (Regulation P)

· Interagency Guidelines Establishing Information Security Standards

· Right to Financial Privacy Act 

BANK SECRECY ACT

· BSA/AML Compliance Management Testing

· Full Scope BSA/AML Testing Based on FFIEC Core & Expanded Examination Procedures

· Office of Foreign Assets Control Compliance

FAIR LENDING COMPLIANCE

· Fair Lending Compliance Management Oversight Testing

· Comparative File Review Based on FFIEC Examination Guidelines

· Red-Lining Analysis Based on FFIEC Examination Guidelines

· Fair Lending Risk Assessment Development & Consulting Services

Risk advisory services are designed to assist management in development and implementation of appropriate risk assessments, corrective actions related to regulatory examination comments and regulatory reporting. Risk advisory services include:

RISK MANAGEMENT CONSULTING

· Internal Audit Risk Assessment

· Compliance Audit Risk Assessment

· Compliance with Risk Management Oversight Guidelines

· Examination Remediation Planning and Assistance

· Enterprise-Wide Risk Assessment Development Services

MANAGEMENT SUPPORT

In times when Bank management requires outside assistance with strategic management and :

· Policy and Procedures Development

· Audit Committee Support

· Employee Training