Internal Audit Seminar
2 Session seminar offered in partnership with Crowe LLP

Conference/Seminar/School Gail Queen

VBA Training Center
4490 Cox Road
Glen Allen, VA 23060

This event is designed for Internal auditors, compliance officers, senior management and any officer in the bank responsible for deposit operations, corporate governance or electronic funds.

Register Now!

Agenda & Speakers

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 
    • “Same-Day” ACH Processing – 3 phase implementations
    • Unauthorized Entry Fees (UEF)
    • ACH Network Risk and Enforcement
    • Impact of EMV
    • Expanded Addenda Records (proposed)
    • Compliance and Operational Topics (proposed)

Auditing the Deposit Function

  • New Accounts
  • Dormant Accounts
  • File Maintenance
  • Overdrafts, Uncollected Funds, and Kiting Suspect Review
  • Cash Letter Adjustments
  • Item Processing
  • Employee Accounts
  • Reconcilements

Transforming Internal Audit

  • Internal Audit Strategy Considerations
  • Process Advancements 
  • Resource Implications 
  • Effective use of technology

The Three Lines of Defense and Internal Audit’s Role in Effective Risk Management

  • Explanation and discussion of each line of defense 
  • How to recognize who the players are in each line of defense
  • How to compare and contrast the risks and focus of each line, including the dependencies

Data Analytics 

  • Overview of Computer Assisted Audit Techniques (CAATs)
  • Adding Value through Data Analytics 
  • Practical Techniques and Implementation Challenges
  • Continuous Monitoring

Recent Trends in Financial Institution Fraud

  • Fraud Statistics 
    • Suspicious Activity Report (SAR) Filings
    • ACFE’s 2018 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

Maria Mora is a Senior Manager in the Business Risk Consulting practice. She has engaged in various internal audit engagements within the financial services industry. Maria is responsible for risk assessment, Sarbanes-Oxley (SOx). Regulation AB, and internal audit projects. Her clients range from community and regional banks to large multi-bank holding companies.

Maria’s primary area of expertise is financial institution risk management and internal audit. Maria has been responsible for engagement planning, client communications and coordination, including preparation of final report and Audit Committee packages. 
Maria is responsible for performing risk assessments, identifying risks, controls, gaps and creating remediation plans, testing design and/or effectiveness of controls, performing inquiries and walkthroughs, learning client’s processes, documenting retained information, managing staff and building client relationship.

Maria is a Certified Public Accountant (CPA).

Registration Fees


Date Price
Through September 22, 2020 $375
September 23 – October 13, 2020 $405
October 14 – November 4, 2020 $435


Date Price
Through September 22, 2020 $875
September 23 – October 13, 2020 $905
October 14 – November 4, 2020 $935

VBA Event Cancellation Policy

All cancellations will be charged a $25.00 administrative fee. Cancellations received less than 72 business hours before the program will be charged a $75.00 administrative fee plus any additional fees associated with the training. Substitutions are allowed prior to beginning of course.

Inclement Weather

In case of inclement weather, please check the VBA Event Hotline for updates on the status of VBA events. 

Hotline Number (804) 819-4739

Special Needs & Americans with Disabilities Notice

If you have special needs that may affect your participation in this event, please contact Gail Queen at (804) 819-4720 to discuss accommodations.

Hotel Information

Hyatt Place Richmond-Innsbrook
4100 Cox Road | Glen Allen, VA 23060

The VBA has reserved a block of rooms at the Hyatt Place Richmond-Innsbrook for $124.00 plus taxes/fees.  In order to take advantage of this reduced rate, reservations must be made by October 2, 2020.  Reservations can be made online here.


View sponsorship opportunities here.  For more information, please contact Amy Binns at or (804) 819-4726.