HOW TO: Auditing Bank Controlled DDAsWith Patricia Cashman
- 1 Video
- 3 PDFs
- 2.0 hrs
ICB Credit: 2.5 CRCM
Major risks lurk in areas that have not yet been identified. Seemingly harmless procedures can pose significant threats. For example, can you definitively answer the following questions?
- Just how many bank controlled demand deposit accounts (DDA) are on your books?
- How would you begin to identify these?
- Who is responsible for the controls and reconciliation of these accounts?
Failure to identify and adequately apply controls can leave a opening large enough for even the most inexperienced employee to drive a dump truck through.
This session will assist you in:
- Identifying covered accounts
- Evaluating the reliability, adequacy, and effectiveness of accounting, operating, and administrative controls
- Detecting potential fraud
- Developing workpapers
Patricia Cashman is a partner in Cashman Compliance Solutions, LLC. She is responsible for consumer compliance reviews, Bank Secrecy Act (BSA) and Anti-Money Laundering reviews, and compliance and BSA training.
Patricia began her banking career in 1969. She has been the senior operations officer for three Dallas-Ft. Worth area community banks, an assistant examiner for the Texas Department of Banking and managed the compliance/internal audit division of TIB - The Independent BankersBank, one of the largest bankers' banks in the country.
Additionally, Patricia has spoken as a webcast/teleconference presenter for the American Bankers Association (ABA), BankersOnline (BOL) and the Center for Financial Training (CFT), taught a variety of compliance subjects for the Texas Bankers Association (TBA) and ABA at their respective Compliance Schools. She also serves as a BOL GURU and been a speaker/trainer for numerous banks and compliance organizations.