The North Carolina Bankers Association and the Carolinas–Virginias Chapter of the Risk Management Association will hold its 2023 Annual School October 16 – October 20. The School offers three levels of instruction to commercial lending and banking professionals. Registrants are given an opportunity to learn important fundamental principals in commercial lending while enjoying the comradery of others in the banking field.

CPE: This program WILL be submitted for CPE. Stay tuned for details!

Agenda:

Day 1 – Breaks will take place throughout the day.

• • 8:30 – 9: Registration & Light Breakfast
  • 9:00 AM: Program begins
  • Noon: Lunch
  • 1:00 – 4:00 Program resumes
  • 4:00 Adjourn

Day 2 – Breaks will take place throughout the day.

• • 830 AM – 9: Light breakfast
  • 9:00: Program begins
  • Noon: Lunch
  • 3:00 Adjourn

Program Summary:

The North Carolina Bankers Association is happy to announce that Crowe LLP will present a two-day internal audit seminar covering the following topics:

Auditing Electronic Funds Transfer

This seminar will be a practical, “hands-on” discussion of effective practices in auditing the Electronic Funds Transfer function.  Topics will include:

• • 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

This seminar will be a practical, “hands-on” discussion of effective practices in auditing the Deposits function.  Topics will include:

• • 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

This seminar will be a practical, “hands-on” discussion of effective practices in auditing the Branch Operations function.  Topics will include:

• • Surprise Cash Counts
  • Consigned Items
  • Night Depository
  • Hold Mail
  • Safekeeping Items
  • Regulatory Disclosures
  • Security Controls
  • Safe Deposit Boxes
  • Segregation of Duties Analysis
  • Reconciliations

Effectively Communicating Audit Results

To be effective, an internal auditor needs to positively communicate audit issues both verbally and in writing.  This seminar will present the following topics:

• • “Top Ten” Techniques for Verbal Presentations
  • Audit Report Structure
  • Elements of an Audit Finding

FDICIA/SOx Compliance

FDICIA (the FDIC Improvement Act of 1991, as amended) and SOx (the Sarbanes-Oxley Act of 2002) in part, requires 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.   This seminar will present the following topics:

• • Project Planning
  • Roles and Responsibilities
  • Identification and Testing of Key Controls
  • Evaluation of Control Deficiencies

Auditing the Accounting Function

This seminar will be a practical, “hands-on” discussion of effective practices in auditing the Accounting function.  Topics will include:

• • General Accounting
  • Financial Reporting
  • Regulatory Reporting
  • Accounts Payable
  • Fixed Assets

Recent Trends in Financial Institution Fraud

Financial institution fraud continues to grow at an alarming rate.  In this seminar, we will discuss fraud trends, characteristics and schemes.  Topics will include:

• • Fraud Statistics
    • Suspicious Activity Report (SAR) Filings
    • ACFE’s 2022 Report to the Nations
    • Pandemic-Related Fraud Schemes
  • Fraud Characteristics and Conditions
    • Weakness in the system of internal control
    • Lack of effective internal audit
    • Limited or no review of employee accounts
    • Lack of Board involvement or weak Audit Committee
    • Poor staff morale or high turnover
    • Incomplete or missing documentation
    • Inadequate monitoring systems
    • Internal Fraud Red Flags
  • Fraud Schemes
    • Loan Fraud
    • Fraudulent Electronic Funds Transfers
    • Teller Cash
    • Certificates of Deposit
    • Identity Theft
    • Fictitious General Ledger Entry
    • Phishing Scams
    • Cyber Threats

Accommodations:

Hotel: Hampton Inn & Suites Raleigh Midtown by Hilton 

Address: 1229 Wake Towne Drive, Raleigh, NC 27609

Distance from hotel to NCBA Office: 1.5 miles

Directions to book:

Using the web:

• • • Click here to access the hotel website.
    • Select the dates you need
    • Click Special Rates
    • Enter Corporate Account # 2641069

Using your Hilton Honors App 

• • • Search Hampton Inn & Suites Raleigh Midtown
    • Select your dates
    • Select “Special Rates” tab
    • Enter Corporate # 2641069 into “Corporate Account” field.

Your 18% discount will automatically be applied.

About Crowe LLP

Crowe LLP (www.crowe.com) is a public accounting, consulting and technology firm with offices around the world. To serve its clients, Crowe combines deep industry knowledge and specialized expertise with innovation. Crowe uses its deep industry expertise to provide audit services to public and private entities. The firm and its subsidiaries also help clients make smart decisions that lead to lasting value with its tax, advisory, risk and performance services. Crowe is recognized by many organizations as one of the best places to work in the U.S. As an independent member of Crowe Global, one of the largest global accounting networks in the world, Crowe serves clients worldwide. The network consists of more than 200 independent accounting and advisory services firms in more than 130 countries around the world.