Operations/Administration/ACH/EFT

We have expertise in all operational and administrative aspects of banking, including Deposit Operations, Cash Management / Electronic Funds Transfer, Loan Operations, Finance & Administration, and Human Resources & Payroll. The audit scope is customized to your organization's structure, systems, staffing, and other aspects of your institution’s risk profile. Some examples of typical audit scope items are as follows:

FINANCE & ADMINISTRATION 

David Kellerman, ALM Practice Director

• Accounts Payable
• Correspondent Accounts
• G/L Entries
• Official Checks
• Regulatory Reporting
• Fixed Assets
• Centralized Certifications
• Prepaids and Accruals

HUMAN RESOURCES & PAYROLL

David Kellerman, ALM Practice Director

• Payroll Reconcilement/Settlement to the General Ledger
• Payroll Input Process
• Salary Change Authorizations
• Payroll Deductions
• Salary and Grade Level Review
• Job Descriptions
• Personnel File Review
• New/Terminated Employee Documentation
• Performance Planning/Review Process
• Compliance with Employment, Safety, and Other Regulations

DEPOSIT OPERATIONS

Gary Andreini, Operations Practice Director

• New Accounts
• Cash
• Compliance Notices and Posters
• Overdrafts
• Security & Key Control
• General Ledger & Suspense
• ATM Deposits, Settlement
• Night/Courier Deposit
• Safe Deposit
• Certifications
• Inactive and Dormant Accounts
• Levies and Attachments
• Telephone Transfers
• Stop Payments
• Vault Controls & Negotiable Instruments

CASH MANAGEMENT / ELECTRONIC FUNDS TRANSFER

Michael Roberts, EFT Practice Director

• ACH Rules Compliance (NACHA Appendix 8)
• Wire Transfers
• Online Banking
• Remote Capture
• Mobile Banking
• Lockbox
• Merchant Visa
• Positive Pay

LOAN OPERATIONS / NOTE DEPARTMENT

Brock Williamson, Credit Practice Director

• Boarding Controls
• Document Preparation
• Documentation Monitoring
• Settlement and Balancing
• Loans Secured by Marketable Securities or Deposit Accounts
• Loan Maintenance
• Negotiable Instruments
• Construction Loan Disbursements
• Other Advance Processing
• Payment Processing
• Loan Payoffs
• File Controls

Again, these only indicate typical scope requirements and are not intended as a comprehensive list to cover all needs or situations. Many clients have specialized requirements within each of these areas; we’ll customize as needed. We have a very deep library of audit programs that we have developed and updated over the years. But if a specialized request comes in for something not in that library, we stand ready to develop a program for it.