Internal Audit School (In-Person, Live Stream and Recording)
May 9-10, 2023 9:00am-4:00pm (both days)
Member Fees: $425 (In-Person); $525 (Live Stream); $850 (Recording); $100 Add On Recording Fee with In-Person or Live Stream Registration
Non-Member Fees: $625 (In-Person); $725 (Live Stream); $1050 (Recording); $100 Add On Recording Fee with In-Person or Live Stream Registration
Please note: If you participate in-person or by live stream via Zoom, we will email a certificate to you following the program. Certificates will only be emailed to registered attendees. If you register for the recording, we will not be able to provide a certificate because we will not be able to track attendance.
Click here for tips in participating in the live stream seminar.
ABA Professional Certifications Continuing Education Credit - This program has been approved for 14.5 CRCM and 14.5 CERP credits by ABA (For In-Person and Live stream only). Certified professionals should report these credits at aba.csod.com following the seminar.
Auditing Electronic Funds Transfer
Topics will include:
- Overview of the Electronic Funds Transfer Function
- Analysis of Electronic Funds Transfer Sub-Processes
- Internal Audit Objectives and Procedures:
- Wire Transfer
- Automated Clearing House (ACH)
- Internet Banking
- Cash Management
- Remote Deposit Capture
- Mobile Deposit Capture
- NACHA Rules
Auditing the Deposit Function
Topics will include:
- New Accounts
- Dormant Accounts
- File Maintenance
- Overdrafts, Uncollected Funds, and Kiting Suspect Review
- Cash Letter Adjustments
- Item Processing
- Employee Accounts
- Reconcilements
Auditing the Branch Operations Function
Topics will include:
- Surprise Cash Counts
- Consigned Items
- Night Depository
- Hold Mail
- Safekeeping Items
- Regulatory Disclosures
- Security Controls
- Safe Deposit Boxes
- Segregation of Duties Analysis
- Reconciliations
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Auditing the Accounting Function
Topics will include:
- General Accounting
- Financial Reporting
- Regulatory Reporting
- Accounts Payable
- Fixed Assets
Recent Trends in Financial Institution Fraud
Financial institution fraud continues to grow at an alarming rate. In this seminar, we will discuss fraud trends, characteristics and schemes.
Topics will include:
- Fraud Statistics
- Suspicious Activity Report (SAR) Filings
- ACFE’s 2022 Report to the Nations
- Pandemic-Related Fraud Schemes
- Fraud Characteristics and Conditions
- Weakness in the system of internal control
- Lack of effective internal audit
- Limited or no review of employee accounts
- Lack of Board involvement or weak Audit Committee
- Poor staff morale or high turnover
- Incomplete or missing documentation
- Inadequate monitoring systems
- Internal Fraud Red Flags
- Fraud Schemes
- Loan Fraud
- Fraudulent Electronic Funds Transfers
- Teller Cash
- Certificates of Deposit
- Identity Theft
- Fictitious General Ledger Entry
- Phishing Scams
- Cyber Threats
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FDICIA/SOx Compliance
FDICIA (the FDIC Improvement Act of 1991, as amended) and SOx (the Sarbanes-Oxley Act of 2002) in part, requires banks with assets exceeding $1 billion and/or certain publicly traded companies, to assert that an internal control methodology is in place to assure the integrity of the annual audited financial statements.
Topics will include:
- Project Planning
- Roles and Responsibilities
- Identification and Testing of Key Controls
- Evaluation of Control Deficiencies
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Effectively Communicating Audit Results
Topics will include:
- “Top Ten” Techniques for Verbal Presentations
- Audit Report Structure
- Elements of an Audit Finding
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Mike Thomas and Jared Greco, Crowe
Click here for hotel and area information.