Outsourcing
Outsourcing offers a business strategy that frees your organization to focus on its unique strengths, increase productivity and profitability, and better manage risks. Snodgrass can provide outsourcing and support for a variety of internal audit functions. We become an integral yet independent part of your organization.
Internal Audit, Regulatory Compliance, and Trust Services
Internal Audit and Regulatory Compliance
Our team of dedicated internal audit specialists develops and implements a comprehensive internal audit and/or regulatory compliance plan. Our approach begins with identifying your institution’s key functions and determining your unique risk rating. This drives the frequency of functional audits, with emphasis on areas of highest risk.
Our audit reports cover not only our findings on your policies, procedures, and internal controls but also how to apply best industry practices. We will meet with your Audit Committee regularly to discuss internal audit activities and help them better understand the internal audit function and their oversight role.
We are also available for your internal audit training needs.
Co-Sourcing
If your institution has an internal audit function in place, Snodgrass can provide a co-sourcing relationship tailored specifically to meet your needs. Whether you need help completing your internal audit plan, have a special project that needs completed, or would like to outsource only certain audit functions, we are able to assist. We have worked with many multibillion dollar financial institutions in the past and are confident we can deliver exceptional service to you as well.
Additional expert outsourcing services include:
- Compliance Training
- Trust Company Audit
- Trust Department Audit
- SOX Section 404 Assistance
- Fiduciary Activities
For additional information on Snodgrass outsourcing services, contact Barbara Kelly at
(800) 580-7738 or info@srsnodgrass.com.
Debra Masters, Principal
Total presentation length: 25:43
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Newsletters
Agencies Issue Guidance on Junior Lien Loan Loss Allowances; Regulation E Remittances Rules Published February 7, 2012; Federal Deposit Insurance Corporation ("FDIC") Guidance on Payment Processor Relationships; Interagency Advisory on Interest Rate Risk Management: Frequently Asked Questions January 12, 2012; Currency Transaction Report (CTR) and Suspicious Activity Report (SAR) Adoption Deadlines Extended; Community Reinvestment Act (CRA) Annual Asset-Size Threshold Adjustment; Foreclosed Properties Guidance; Credit Concentrations Booklet Updated; Specially Designated Nationals (SDN) Search Tool; Treasury to End Bond Redemption Fees; Guidance on Foreign Money Services Businesses (MSBS)
Bureau Posts Prototype Mortgage Closing Disclosure Form; Correction or Amendment of Bank Secrecy Act (BSA) Filing Forms; Chex Systems and Credit Score Disclosures; Agencies Release Guidance and Proposed Revisions to Interagency Questions and Answers Regarding Flood Insurance; Annual Mortgage Loan Originator (MLO) Registration Renewal Period Begins; Regulation Z Exemption Level for 2012; Community Reinvestment Act (CRA), Fair Housing Act (FHA), and Equal Credit Opportunity Act (ECOA) Posters for Former OTS Institutions; Fincen Updates CTR and SAR E-Filing; 45-Day Advance Notice Requirements for Open-End Variable Rate Loans with a Rate Floor; Important Reminders on Insider Asset Transactions
Office of the Comptroller of the Currency (OCC) Issues Guidance to Banks Regarding Foreclosure Practices - June 30, 2011; Federal Reserve Cuts Debit Card Bank Fees; Federal Deposit Insurance Corporation (FDIC)'s Final Rule to End Interest Ban; Regulation E Automated Teller Machine (ATM) Fee Notice Reminder; Final Regulations B and V Credit Score Rules Announced
Interest on Demand Deposit Accounts Reminder; Currency (OCC) Proposes Guidance on Overdraft and Deposit Advance Services; Reporting of Appraiser Misconduct; Consumer Financial Protection Board Proposes Combined Mortgage Disclosures; Treasury Garnishment Regulation Frequently Asked Questions (FAQS); Changes to Adverse Action Notices Based on Proposed Changes to Regulation B; National Flood Insurance Program (NFIP) Flood Insurance Manual; Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act) Registry Offering "How To" Series; S.A.F.E. Act Registry FAQS Added; Mortgage Underwriting Proposal; Regulation CC Changes; FDIC Overdraft Payment Program Supervisory Guidance FAQS; First Quarter Call Reports and Proposed Revisions; Guidelines for Garnishment of Accounts Containing Federal Benefit Payments