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How did you do in this challenge? As the Credit Union leader, did you answer the questions yourself? Did you pass them on to your team? Let's start the tour and see if your answers match up to ours. |
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Where can you determine normal ACH activity for your members? |
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Here's Help:
Auditing Functions
MNAUDT #9 - Sample High-Risk Checking Accounts
MNAUDT#10 - Sample High-Risk Transactions |
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Which report can you generate to monitor for structuring? |
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Here's Help:
Auditing Functions
MNAUDT#2 - Print BSA/SAR Activity Report |
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How can you verify CU*BASE access matches employee job functions? |
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Here's Help:
Management Processing/Dashboards
MNMGMT #1 - CU*BASE Employee Security
Auditing Functions
MNAUDT #21 - Audit Employee Security Config
Management Review of Key Configurations
MNMGMC #21 - Employee Security Settings/Maint (view)
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Where can you flag memberships as high risk and monitor activity? |
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Here's Help:
Member Update Functions
MNUPDT #1- Update Membership Information - Flag high-risk accounts with a due diligence code using this menu option. Due diligence codes can indicate a membership that's subject to special monitoring. Use any number 1 - 9 (0 means normal member, or no risk assigned) to indicate high-risk as aligned with your credit union policies.
Auditing Functions
MNAUDT #17-Insider Audit/Due Diligence Rpt - Generate a report for that particular code.
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Where do you start the review process for dormant accounts? |
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Here's Help:
Auditing Functions
MNAUDT #5 - Work Dormant Members
MNAUDT #6 - Print Dormancy Master List
Reports B: Trial Balance/Member Accounts
MNRPTB #17 - Dormant Member Master List |
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Where can I gain practical insights and discuss compliance issues in a trusted environment? |
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advisor.cuanswers.com
Audit Link, a division of CU*Answers Management Services, monitors a site where credit unions can read articles, ask questions, and respond to comments posted by peers. In general, the Advisor site encourages communication among participants. |
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Keep Asking Questions! |
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Did you find all the answers? Did you discover some trends or learn some facts about your credit union through this exercise? Have you asked your team if they arrived at different answers from yours? Next edition we'll send new questions on a whole different topic. Look for the next periodic CEO Tickler.
Read back issues of the CEO Tickler at http://www.cuanswers.com/ceo_ticklers/ |
