Improving Communications Between Examiners and Bankers

S.R. Snodgrass, A.C.

Certified Public Accountants
and Consultants

Improving Communications Between Examiners and Bankers

By Tim Schofer

Does the scenario below sound familiar? This fictional conversation between a banking examiner and a Bank Security Act (BSA) officer is, unfortunately, all too typical of the lack of communication between examiners and bankers. Suggestions for improving this dialog follow.

Examiner: While your BSA compliance is satisfactory overall, we’d like to suggest methods to improve the effectiveness of your BSA program.

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The Knowledge Bank

S.R. Snodgrass, A.C. is an expert auditing and accounting firm offering audit, business consulting, outsourcing/internal audit, tax preparation and planning, and information technology services. Specialties include: preparation of bank, credit union, and other industry accounting/preparation of financial statements; assistance with regulatory compliance; development of strategic planning; guidance with tax decisions; assistance with Sarbanes-Oxley Section 404 implementation and monitoring; and review of general computer controls environment.

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