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With the upheavals in the economy, ensuring that there are proper controls for trust services in financial institutions has never been more important. Ever since the restrictions on non-traditional services were removed under Gramm-Leach-Bliley, banks have gotten more deeply involved in trust and wealth management services for their customers. But with these enhanced business opportunities come risks. Making certain that trust departments meet their compliance standard is critical to keeping such services alive. This new audit manual will provide wide-ranging audit practice tools for trust departments.
Trust Services Audit Manual covers all aspects of an audit program for the trust services department:
A CD accompanies the book, allowing you to customize the work tools, templates and other sample documents that appear.
Chapter 1: Determining the Objectives of the Trust Audit
Chapter 2: Establishing Trust Audit Procedures
Chapter 3: Designing the Program
Chapter 4: Sample Trust Audit Program
Chapter 5: Auditing Policy and Regulatory Issues
Chapter 6: Auditing Trust Administration Practices
Chapter 7: Auditing Investment Sales and Management Practices
Chapter 8: Auditing Mutual Fund and Sales of Retail Nondeposit Product Activities
Chapter 9: Managing Compliance Audits
Chapter 10: Auditing for Ethical Standards
Chapter 11: Audit Follow Up Considerations and Recommendations
Regulatory Compliance Associates, Inc. (REGCOM) was established in 1988 by Jerry Miller, president. Mr. Miller was formerly with Peat Marwick Main & Co., where he served as practice leader for the Midwest Financial Institutions Regulatory Compliance Consulting practice. In this role, Mr. Miller advised management and directorates of financial institutions on understanding and complying with banking regulations, including the development and implementation of formal policies and procedures. Prior to joining Peat Marwick, Mr. Miller served as an OCC field examiner and member of the OCC regional/district management team.
With a wide range of regulatory examination and financial institution experience, REGCOM’s staff has experience in assisting management and directorates of financial institutions on a number of focus areas, including understanding and complying with regulations, training, and assisting problem institutions. REGCOM’s publications cover a variety of management and regulatory focus areas, and guide management through the design and implementation of individual regulatory compliance programs for financial institutions of all asset sizes. REGCOM offers proactive information and solutions to all levels of staffing within the financial services industry. See all works by REGCOM