Tennessee Bankers

Internal Bank Audit and Risk Assessment School

August 3 & 4: TBA Barrett Training Center, Nashville

Early Registration Deadline: July 21, 2021

TBA is conducting this timely, internal audit programming in conjunction with Crowe LLP for internal auditors and senior staff. This two-day program will provide an overview of the internal audit function, along with audit concepts and techniques to aid in identifying risk in areas common to all financial institutions.


Program Topics

Auditing Electronic Funds Transfer
• 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
• 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
• Surprise cash counts 
• Consigned items 
• Night depository 
• Hold mail 
• Safekeeping items 
• Regulatory disclosures 
• Security controls 
• Safe deposit boxes 
• Segregation of Duties Analysis 
• Reconciliations 

Pandemic Regulatory Guidance Considerations
• Interagency examiner guidance for assessing safety and soundness considering the effect of the COVID-19 pandemic on institutions
• 2020 interagency statement on pandemic planning
• Joint statement on additional loan accommodations related to COVID-19

FDICIA/SOx Compliance
FDICIA (the FDIC Improvement Act of 1991, as amended) and SOx (the Sarbanes-Oxley Act of 2002) in part, require 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.
• Project planning
• Roles and responsibilities
• Identification and testing of key controls
• Evaluation of control deficiencies 

PPP Loan Forgiveness
The CARES Act was enacted with the aim to support small businesses throughout the pandemic. The CARES Act included the Payment Protection Program (PPP). This seminar will discuss business and audit issues around PPP loan forgiveness.
• PPP loan regulatory structure
• Lessens learned from Round 1
• Internal audit considerations

Recent Trends in Financial Institution Fraud
• Fraud Statistics
• Fraud Characteristics and Conditions
• Fraud Schemes


Crowe LLP Presenters

Jennifer F. Burke, CPA, CRP, CFS
Russell W. Dailey, CPA, CAMS
Darren Shuster, CIA
E.Micheal Thomas, CPA, CIA, CBA, CFE, CRP, CFF, CRMA


Continuing Education Credit:

Attendees qualify for 7 hours each day of Continuing Professional Education (CPE) credit in the area of Specialized Knowledge.


Program Fees

TBA Members / Associate MembersNonmembers
Early Registration $530$1060
Early registration deadline is July 21, 2021
Registration $580$1110
Day-of-Program $630$1160

TBA Contact

Monique White - mwhite@TNBankers.org
Director of Education
Tennessee Bankers Association
211 Athens Way, Ste 100 • Nashville, TN 37228-1381
800/964-5525 or 615/244-4871 or www.TNBankers.org

Register for Internal Bank Audit and Risk Assessment School

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Special Needs: If you have a special need that may affect your participation in this program, or special dietary requests, please send TBA a statement detailing your needs at least 10 days before the program. We will contact you to discuss accommodations.

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