internal audit risk assessment

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Bank Risk Assessment

Summary SheetBANK NAME:Audit Risk Assessment ModelDATE:_____________________________________YearAverageFreq. ofLastScheduled forCategoryWeightTesting (1-3)199919981997TestedTesting in YearOperational TestingInvestments Total1-Internet Banking Total1-Assets Liability Management Total1-Visa Debit Cards Total1-1997Branch Auditing TotalATM Balancing and Control-Branch Auditing TotalBranch Customer Service-Branch Auditing TotalOfficial Checks, including Travelers & Cashier Checks-Branch Auditing TotalNight Depository-Branch Auditing TotalSurprise Cash Counts-Branch Auditing TotalTeller Balancing-Lending Total1-199919981997Wire Transfers including Fedline Total1-199919981997Deposits TotalOverdrawn Accounts-Deposits TotalClosed Accounts-Deposits TotalDormant Accounts-Deposits TotalStop Payments-Deposits TotalHold Statements-General Ledger Reconciliation Total1-Electronic Data Processing (EDP) TotalApplication Controls-Electronic Data Processing (EDP) TotalGeneral Control-Electronic Data Processing (EDP) TotalEmployee Access levels-Electronic Data Processing (EDP) TotalFile Maintenance Reports Review-Electronic Data Processing (EDP) TotalSecurity-Other Real Estate Total1-Privacy Policy Exam Total-Nondeposit Investment Products Total-End-User Computing Total1-End-User Computing TotalContingency Plan-End-User Computing TotalDisaster Recovery Plan-End-User Computing TotalBack-up-Accounts Payable, Purchasing and Disbursements Total1-1998Branch Auditing Total1-199919981997Deposits Total1-Electronic Data Processing (EDP) Total1-19991997Item Processing, Proof and Transit Total1-1998Records Total1-Compliance TestingHome Mortgage Disclosure Act-Reg. C Total2-19991997Truth-in-Lending-Reg. Z Total2-19981997Equal Credit Opportunity-Reg. B Total2-1998Fair Lending Act Total2-1999RESPA Total2-1998Truth-in-Savings Total2-19991997Electronic Fund Transfer Act-Reg. E Total2-19991997Bank Secrecy Act Total2-199919981997Expedited Funds Availability Act-Reg. CC Total2-1997Fair Collection Practices Act Total2-Lending TotalCommercial, Consumer, Mortgage-Lending TotalAllowance for Loan Loss-Lending TotalImpaired Loans-Insider Lending-Reg. O Total2-19991997Reserve Requirements-Reg. D Total2-Community Reinvestment Act-Reg BB Total2-Fair Housing Act Total2-1998Records TotalRecord Retention-Records TotalBack-up/Storage-Records TotalSecurity-Interest on Deposits-Reg. Q Total2-1997IRS Foreclosed/Abandoned Property Reporting Total2-1998IRS Information Reporting on RE Loans Total2-1998IRS Mortgage Interest Reporting Total2-1998Fair Credit Reporting Act Total2-1999Bank Protection Act-Reg. P Total2-Wire Transfers including Fedline TotalControls-Wire Transfers including Fedline TotalSystem Controls-
&R&"Times New Roman,Regular"&14Exhibit A
Based on the average risk weight indicated for each audit area management should determine the frequency of testing. Areas with a high average weight should be tested annually, and low average weight areas may be tested every three years. Please indicate frequency next to each area. Indicate 1 for annual testing, 2 for biannual testing and 3 for triannual testing.
Data SheetBANK NAMEAudit Risk Assessment ModelDATE:_________________________________________ManagementTotalSubcategoryAssessmentCalculatedRisk Weightof Risk (0-5)Risk WeightBranch AuditingATM Balancing and ControlValue per transaction8-Complexity of transactions8-Total value of transactions on daily basis9-Complexity of data processing applications and balancing5-Frequency of reconciliations5-Overall loss exposure to the bank15-Existence of segregation of duties or comp. controls10-Overall regulatory exposure5-Level of employee training5-Employee's problem solving ability5-Level of independent review of reconciliations5-Existence of audit trail5-Employee Turnover in this area5-Frequency of findings in this area10-Subtotal100-Branch Customer ServiceValue per transaction8-Complexity of transactions8-Total value of transactions on daily basis9-Complexity of balancing procedures5-Frequency of reconciliations5-Overall loss exposure to the bank15-Existence of segregation of duties or comp. controls10-Overall regulatory exposure5-Level of employee training5-Employee's problem solving ability5-Level of independent review of reconciliations5-Existence of audit trail5-Employee Turnover in this area5-Frequency of findings in this area10-Subtotal100-Official Checks, including Travellers & Cashier ChecksValue per transaction8-Complexity of transactions8-Total value of transactions on daily basis9-Complexity of balancing procedures5-Frequency of reconciliations5-Overall loss exposure to the bank15-Existence of segregation of duties or comp. controls10-Overall regulatory exposure5-Level of employee training5-Employee's problem solving ability5-Level of independent review of reconciliations5-Existence of audit trail5-Employee Turnover in this area5-Frequency of findings in this area10-Subtotal100-Night DepositoryValue per transaction8-Complexity of transactions8-Total value of transactions on daily basis9-Complexity of balancing procedures5-Frequency of reconciliations5-Overall loss exposure to the bank15-Existence of segregation of duties or comp. controls10-Overall regulatory exposure5-Level of employee training5-Employee's problem solving ability5-Level of independent review of reconciliations5-Existence of audit trail5-Employee Turnover in this area5-Frequency of findings in this area10-Subtotal100-Surprise Cash CountsValue per transaction8-Complexity of transactions8-Total value of transactions on daily basis9-Complexity of balancing procedures5-Frequency of reconciliations5-Overall loss exposure to the bank15-Existence of segregation of duties or comp. controls10-Overall regulatory exposure5-Level of employee training5-Employee's problem solving ability5-Level of independent review of reconciliations5-Existence of audit trail5-Employee Turnover in this area5-Frequency of findings in this area10-Subtotal100-Teller BalancingValue per transaction8-Complexity of transactions8-Total value of transactions on daily basis9-Complexity of balancing procedures5-Frequency of reconciliations5-Overall loss exposure to the bank15-Existence of segregation of duties or comp. controls10-Overall regulatory exposure5-Level of employee training5-Employee's problem solving ability5-Level of independent review of reconciliations5-Existence of audit trail5-Employee Turnover in this area5-Frequency of findings in this area10-Subtotal100-Branch Auditing Total-Item Processing, Proof and TransitValue per transaction8-Complexity of transactions8-Total value of transactions on daily basis9-Complexity of balancing procedures5-Frequency of reconciliations5-Overall loss exposure to the bank15-Existence of segregation of duties or comp. controls10-Overall regulatory exposure5-Level of employee training5-Employee's problem solving ability5-Level of independent review of reconciliations5-Existence of audit trail5-Employee Turnover in this area5-Frequency of findings in this area10--Item Processing, Proof and Transit Total100-LendingCommercial, Consumer, MortgageValue per transaction8-Complexity of transactions8-Total value of transactions on daily basis9-Complexity of balancing procedures5-Exposure to credit risk5-Overall loss exposure to the bank15-Existence of segregation of duties or comp. controls10-Overall regulatory exposure5-Level of employee training5-Employee's problem solving ability5-Level of independent review of reconciliations5-Existence of audit trail5-Employee Turnover in this area5-Frequency of findings in this area10--Subtotal100--Allowance for Loan LossValue per transaction8-Complexity of transactions8-Total value of transactions on daily basis9-Complexity of balancing procedures5-Frequency of reconciliations5-Overall loss exposure to the bank15-Existence of segregation of duties or comp. controls10-Overall regulatory exposure5-Level of employee training5-Employee's problem solving ability5-Level of independent review of reconciliations5-Existence of audit trail5-Employee Turnover in this area5-Frequency of findings in this area10--Subtotal100--Impaired LoansValue per transaction8-Complexity of transactions8-Total value of transactions on daily basis9-Complexity of balancing procedures5-Frequency of reconciliations5-Overall loss exposure to the bank15-Existence of segregation of duties or comp. controls10-Overall regulatory exposure5-Level of employee training5-Employee's problem solving ability5-Level of independent review of reconciliations5-Existence of audit trail5-Employee Turnover in this area5-Frequency of findings in this area10--Subtotal100--Lending Total300--Accounts Payable, Purchasing and DisbursementsValue per transaction8-Complexity of transactions8-Total value of transactions on daily basis9-Complexity of balancing procedures5-Frequency of reconciliations5-Overall loss exposure to the bank15-Existence of segregation of duties or comp. controls10-Overall regulatory exposure5-Level of employee training5-Employee's problem solving ability5-Level of independent review of reconciliations5-Existence of audit trail5-Employee Turnover in this area5-Frequency of findings in this area10--Accounts Payable, Purchasing and Disbursements Total100--DepositsOverdrawn AccountsValue per transaction8-Complexity of transactions8-Total value of transactions on daily basis9-Complexity of balancing procedures5-Frequency of reconciliations5-Overall loss exposure to the bank15-Existence of segregation of duties or comp. controls10-Overall regulatory exposure5-Level of employee training5-Employee's problem solving ability5-Level of independent review of reconciliations5-Existence of audit trail5-Employee Turnover in this area5-Frequency of findings in this area10--Subtotal100--Closed AccountsValue per transaction8-Complexity of transactions8-Total value of transactions on daily basis9-Complexity of balancing

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