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.

Checklist Templates @ Template.net