Internal Audit School
July 24 - 27, 2012 in Newport Beach

Post Moss Adams LLP

CBA is pleased to announce our second annual school for bank internal auditors.  For 2012 we’ve added more exercises and a case study “class project”.

The demands placed on your institution’s internal auditor increases each year due to new technical requirements and evolving risk management theory. Whether you’re a new internal auditor, looking for a cost effective update on current internal auditing trends, or want to incorporate the latest in regulatory developments into your internal audit scopes, this four day training course is the perfect venue.

In this four-day program we’ll cover the basics of internal auditing in financial institutions in the first two days and will focus on more advanced techniques and the latest developments in regulatory trends during the last two days.  We will also include a forum with your fellow internal audit professionals.

Who Should Attend

New internal auditors and seasoned auditors looking for an update on current internal auditing trends, or ways to incorporate the latest in regulatory developments into your internal audit processes.

Dates & Location

Tuesday, July 24, 2012 through Friday, July 27, 2012

Hyatt Regency Newport Beach
1107 Jamboree Road
Newport Beach, CA 92660
(949) 729-1234

CBA has arranged a special rate of $155 per night.  Please call (800) 421-1442 by June 27, 2011 to take advantage of the room block rate or reserve online by clicking:  Room rate includes complimentary guest room internet, and self overnight parking.


Early-Bird Registration (register by June 25, 2012)
CBA Member: $2,400
Non-Member: $3,400

Regular Registration
CBA Member: $2,700
Non-Member: $3,700


We will begin class at 8:30 each morning and conclude at 4:30 in the afternoon, except the last day of the school which will end at 3:30.  Breakfast will be provided at 7:30 and lunch at noon.


Welcome & Kick-Off

  • Introductions
  • Participant issues & expectations for the program
  • Review of the agenda

Introduction to Internal Audit

  • Risk assessment theory and annual internal audit planning
  • Developing work programs
  • Audit evidence standards
  • Sampling methods
  • Case study – internal audit planning

Communication and Reporting

  • Audit committee communications
  • Interview techniques
  • Reporting structures – required elements
  • How to write effective reports
  • Evaluating management responses
  • Tracking and reporting audit follow-up
  • Case study – reporting


Auditing Operations

  • Branch Operations
    • New accounts
    • Safe Deposit
    • Collateral Safekeeping
    • Cash
    • Key and combination controls
    • Suspense account and bank control accounts
    • Automated Teller Machines
    • Consigned items (travelers checks, gift cards, cashiers’ checks, money orders)
    • Security
    • Night Drop
    • Segregation of duties
  • Back Room Operations
    • Fed Line and Wire Transfer
    • Returns, NSF and Overdrafts
    • Automated Clearing House – RDFI and ODFI Functions
    • Remote Deposit Capture
    • Merchant Capture
    • Statements and reporting
    • Account maintenance
    • Access levels and software platforms
  • Loan Operations and Servicing
    • Loan Documentation
    • Boarding Controls
    • Collateral controls
    • Disbursements and construction draws
    • Maintenance transactions
    • Loan modifications and renewals
    • Insurance and titling
    • Payment processing
    • Statements
    • Imaging system controls

Information Technology – New Technology and Trends in Auditing

  • Software
  • Hardware
  • Electronic Banking/Internet Access
  • Third party service providers
  • Emerging Technology

FDICIA and SOX404 Audits

  • Additional Internal Audit Planning Considerations
    • Financial statement assessment
    • Key Controls
    • Controls walkthroughs
    • Control testing plans
  • Reporting and Remediation
    • Reporting requirements
    • Definition of control findings and significance
    • Management response and action – Remediation
    • Re-testing
  • Working With Your External Auditor
    • Planning for financial auditor testing
    • Communications with your audit


Auditing Compliance

  • Basic Compliance Background
    • Sources of information
    • Key regulations
  • Planning Compliance Audits
    • Risk assessment
    • Sampling
    • Scope of internal audit
    • Evaluating required expertise
  • Performing Compliance Audits
    • Testing requirements
    • Reporting requirements
  • Case Study

Trends in Auditing – Safety and Soundness

  • Credit
    • Valuation
    • Delinquency and Collections
    • Credit Risk Classification
    • Allowance for Loan Losses
    • Foreclosure
    • Special Assets and OREO
  • Interest Rate Risk
    • Terminology and key focus areas
    • Model Considerations
    • ALCO Reporting
  • Liquidity
    • Regulatory Requirements
    • Testing requirements
  • Capital
    • Regulatory Requirements
    • Testing requirement
  • Corporate Governance
    • Board of Directors
    • Committees
    • Compensation
    • Shareholders
  • Anti-Money Laundering Programs (BSA/USA PATRIOT ACT/OFAC)
    • Recent trends in examinations – focus areas
    • Current money laundering techniques
  • Trust and Fiduciary
    • Custodial relationships
    • Fiduciary accounts
    • Benefit plans
    • Non-deposit investment products
    • Third party considerations

Auditing Accounting & Finance

  • Investments
    • Purchase and authorization
    • Collateral safekeeping
    • Maturities, calls
    • Sales
    • Reporting
  • Suspense and Clearing Accounts
    • Usage
    • Reconciliation
    • Certification
    • Tracing unresolved entries


Detecting Fraud

  • Examine case study examples of real live situation occurring today
  • Determine best practices for detecting and addressing fraud in your organization

Class Project Presentations

Course Examination Review

Final Exam



This program will be led by a team of professional from Moss Adams LLP, the largest accounting and consulting firm headquartered in the western United States.

Daniel L. Huston, CPA, CFIRS, Partner, Moss Adams LLP
Dan has over 30 years experience working with Financial Institutions, holding a variety of operations and lending positions, with a significant focus on compliance with Federal regulation, product development and processing efficiency. Dan Joined Moss Adams in 1999 and directs the Firm’s Internal Audit and Regulatory Compliance services for Financial Institutions. Dan’s areas of expertise include credit underwriting and lending compliance, anti-money laundering program administration, and trust and fiduciary operations.

Steven Cornell, MBA, CIA, CAMS, Senior Manager, Moss Adams LLP
Steve has worked in the financial industry and internal audit arena for 12 years, holding positions in lending and operations, focusing the past six years in the internal audit and compliance field for financial institutions. Steve joined Moss Adams LLP in 2004 and devotes all of his time to consulting with financial institutions regarding operational and regulatory compliance matters, performing and managing operational audits and regulatory compliance reviews, and conducting loan examinations and anti-money laundering audits.

Paul Rainbow, CPA, CISA, CIA, CISSP, CTGA, GSLC, Manager, Moss Adams LLP
Paul is a member of the firm’s IT Auditing & Consulting Group. He has 12 years of local and national experience in accounting and information systems, with extensive audit and consulting experience in the area of IT controls specific to the Financial Institution industry. Paul’s expertise in technology consulting includes IT governance, IT planning, risk management, systems analysis, system implementation, security testing, policy development, audit program development, application controls, change management, and regulatory compliance.

Areti Moularas, Senior Manager, Moss Adams LLP
Areti is an Assurance Senior Manager with more than 7 years of public accounting experience and works primarily on financial institution clients, including credit unions and has experience with SEC registrants. Her experience includes audits of financial statements for banks, credit unions and mortgage lenders as well as audits of internal controls in accordance with the FDIC Improvement Act of 1991 and Section 404 of the Sarbanes Oxley Act.

Frequently Asked Questions

Will I receive CPE credits for the program?

Yes, you will. The school has been certified for 27.0 CPE credits by the National Association of State Boards of Accountancy (NASBA).