presented by Crowe LLP

Program Brochure

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
• Reconciliations

• Enterprise Risk Management and Internal Auditing

  • Purpose and Value of ERM
  • ERM Implementation
  • Importance of Risk Appetite Statement
  • COSO’s ERM Framework
  • Risk Culture
  • Auditing an ERM Program

• IIA’s Global Internal Audit Standards

  This seminar will discuss the new Institute of Internal Auditor’s Global Internal Audit Standards that were effective Jan. 9, 2025. The standards guide the worldwide professional practice of internal auditing and serve as a basis for evaluating and elevating the quality of the internal audit function. At the heart of the standards are five domains containing 15 guiding principles that enable effective internal auditing. Each principle is supported by standards that contain requirements, considerations for implementation and examples of evidence of conformance.
  • Evolution of the Standards
  • Domain I: Purpose of Internal Auditing
  • Domain II: Ethics and Professionalism
  • Domain III: Governing the Internal Audit Function
  • Domain IV: Managing the Internal Audit Function
  • Domain V: Performing Internal Audit Services 

• Auditing the Accounting Function

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

• Recent Trends in Financial Institution Fraud

  • Fraud Statistics
    • Suspicious Activity Report (SAR) Filings
    • ACFE’s Report to the Nations
  • 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

About the Instructors

Crowe LLP is a public accounting and consulting firm that uses its deep industry expertise to provide audit, tax and consulting services to public and private entities. 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.

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Joe Garcia

Joe is a partner in the Crowe LLP’s Financial Institutions Consulting practice and is part of the Chicago office. Joe has more than15 years of experience working with Crowe LLP, specifically serving financial services companies. He also leads the Internal Audit Transformation Offering and Specialty Finance Market Segment for the firm’s Financial Services Internal Audit practice.

Joe focuses on financial institution clients and is responsible for managing internal audit engagements, including performing risk assessments and overseeing the scoping, planning and execution of fieldwork, and reporting of internal audit results. Joe has helped his clients implement FDICIA/SOx control frameworks and assist in performing related activities such as key control identification and evaluation of control design and operating effectiveness. He also performs technical reviews over asset liability management, enterprise risk management, model risk management, electronic banking and allowance for credit losses functions within financial institutions. Joe is responsible for overseeing the auditing of internal controls, providing value-added recommendations for identified deficiencies and identifying potential “best practice” business improvement opportunities. Joe holds a bachelor's of science degree in accounting from DePaul University. 

Julie Kunde

Julie is a manager in the financial services internal audit practice within Crowe LLP. She primarily focuses on compliance audits with regulatory requirements for financial institutions. Julie’s experience involves managing the planning and executing risk-based engagements, performing process walkthroughs, documenting control design, performing operating effectiveness testing, presenting observations and the reporting of fieldwork.

Julie is certified public accountant with five years of experience in internal audit and consulting, with a primary focus on financial institutions ranging from community banks to multi-billion-dollar institutions. She has expertise in FDICIA/SOx, mortgage/secondary marketing, asset liability management, allowance and other internal audit areas pertaining to risk faced by financial institutions and client needs. Julie holds a bachelor of science degree in accounting and master of accounting science degree from the University of Illinois at Urbana-Champaign.

Continuing Education

The Missouri Bankers Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website nasbaregistry.org.

Program Objectives — The Missouri Bankers Association is pleased to offer a seminar specifically targeted for internal audit, compliance and risk personnel in your financial institution. The purpose of the conference is to share tools and techniques intended to help internal audit and related professionals respond to the constant changes and challenges in the banking industry. This seminar incorporates practical audit strategies, best practices and case studies while also providing valuable reference materials.

Specialized Knowledge — 13 credits Instructional
Delivery Method: Group-Live

Who Should Attend

internal auditors, compliance officers, senior management and any officer in the bank responsible for lending functions, allowance methodology or asset-liability management

Agenda

Tuesday, Nov. 4
8:30 a.m.	Registration
9 a.m.	Seminar Begins
Noon	Lunch
1 p.m.	Seminar Resumes
4 p.m.	Adjournment
Wednesday, Nov. 5
7 a.m.	Breakfast
8 a.m.	Seminar Begins
Noon	Lunch
1 p.m.	Seminar Resumes
3 p.m.	Adjournment

Register

		Online
		Phone 573-636-8151
		Mail check payable to Missouri Bankers Association and form to: Missouri Bankers Association P.O. Box 57 Jefferson City, MO 65102

Registration Fees

• Member Fee - $550 per person
• Nonmember Fee - $1,400 per person

The cost of meals included in the registration fee for this meeting is $60. This information is provided for your bank’s tax records, in keeping with the IRS 50% deductible provisions under Section 274(n) of the Internal Revenue Code.

Cancellation/Refunds

Full refunds will be granted for cancellations received by MBA at least 10 days before the seminar date. After that date, an administrative fee of $10 per canceled registration will be retained. Cancellations will not be accepted four days before the seminar. Substitutions are always permitted.

Location

Tuesday and Wednesday, Nov. 4-5 -- Columbia
Courtyard by Marriott
3301 Lemone Industrial Blvd.
573-443-8000

Hotel Information

Workshop participants should contact the Courtyard by Marriott directly for reservations at 573-443-8000. The special group rate of $109 plus tax, per room, per day, single or double occupancy is available. Be sure to state you are attending the Missouri Bankers Association’s Internal Audit Seminar.

A block of rooms is reserved for this meeting until Saturday, Oct. 15. After the cut-off date, availability is not guaranteed and room rates may revert to published rate. Early reservations are encouraged!

Image Use Policy

Registration or participation by an individual in attending Missouri Bankers Association events and activities constitutes an agreement by the attendee to the MBA’s use and distribution, both current and future, of the attendee’s name, image or voice in print, media, social media, photographs, videotapes, electronic reproductions, and audiotapes of, or reporting, such events, and activities and promoting MBA activities, services and programs. Attendees waive any right to inspect or approve the finished materials and MBA communications and publications and agree that all such images, pictures, video or audio recordings, and any reproduction thereof, shall remain the property of the MBA to use at its discretion. Consent is binding, perpetual and may not be revoked.

Disabilities & Dietary Restrictions

If you have any disabilities or dietary restrictions, contact MBA at 573-636-8151.

For More Information

Contact the MBA Education Department at 573-636-8151 or email.