Bank Audit Checklist

Bank Audit Framework for Operational Integrity

Financial Transactions Audit

  • Reconcile cash transactions to ensure accuracy and completeness, identifying any discrepancies promptly.

  • Verify interest calculations for loans and deposits, ensuring precision in financial reporting.

  • Scrutinize ATM transactions for any irregularities or potential fraudulent activities.

  • Validate electronic fund transfers, examining transactional documentation to guarantee legitimacy.

  • Confirm credit and debit card transactions, cross-referencing with supporting documents.

  • Assess adherence to transactional policies, ensuring compliance with established guidelines.

  • Investigate potential fraud indicators, identifying and addressing any suspicious activities promptly.

Internal Controls Audit

  • Scrutinize segregation of duties to prevent conflicts and maintain a robust internal control framework.

  • Evaluate monitoring mechanisms to ensure continuous oversight of critical processes.

  • Review information security protocols, focusing on safeguarding sensitive data from unauthorized access.

  • Examine disaster recovery plans to guarantee the bank's ability to resume operations swiftly in case of emergencies.

  • Assess the effectiveness of internal audits, emphasizing the importance of thorough and objective assessments.

  • Analyze the adequacy of whistleblower mechanisms, promoting a culture of transparency and reporting.

  • Evaluate the robustness of IT general controls, ensuring the integrity and security of information systems.

Regulatory Compliance Audit

  • Scrutinize customer due diligence processes to verify the accuracy and completeness of customer information.

  • Verify adherence to fair lending laws, promoting equal access to financial services for all customers.

  • Assess compliance with privacy regulations, safeguarding customer information and ensuring data protection.

  • Review adherence to electronic banking regulations, emphasizing secure and compliant online transactions.

  • Confirm compliance with the Bank Secrecy Act, focusing on preventing money laundering and fraud.

  • Examine adherence to the Dodd-Frank Act, ensuring transparency and accountability in financial institutions.

  • Evaluate compliance with the Sarbanes-Oxley Act, emphasizing financial reporting integrity and corporate governance.

Prepared by:

[YOUR NAME]

Date:

[DATE]

Company:

[YOUR COMPANY NAME]

Checklist Templates @ Template.net