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Trust Services Audit Manual
Library/File Location SHESH/TRUSAM
Source Selection Location /Area of Law - By Topic/Banking & Financial Services/Search Analysis, Law Reviews & Journals/Sheshunoff
/Area of Law - By Topic/Federal Practice/Search Analysis, Law Reviews & Journals/Banking/Sheshunoff
/Area of Law - By Topic/Financial Crisis Litigation/Banking & Financial Services/Search Analysis, Law Reviews & Journals/Sheshunoff
/Area of Law - By Topic/Financial Services Industry - Critical Issues/Banking & Financial Services/Search Analysis, Law Reviews & Journals/Sheshunoff
/Secondary Legal/Sheshunoff

Through November 2017; Release 19

Frequency of Update Published regularly - Atypical frequency
Updated regularly - Atypical update schedule
Publisher Sheshunoff
Data Format Full-text

With the upheavals in the economy, ensuring that there are proper controls for trust services in financial institutions has never been more important. Ever since the restrictions on non-traditional services were removed under Gramm-Leach-Bliley, banks have gotten more deeply involved in trust and wealth management services for their customers. But with these enhanced business opportunities come risks. Making certain that trust departments meet their compliance standard is critical to keeping such services alive. This audit manual, written with the complex nature of trust services in mind, provides wide-ranging audit practice tools for trust department managers.

The Trust Services Audit Manual covers all aspects of an audit program for the trust services department:

*  Laws and regulations that establish minimum requirements for internal and        external audit programs
*  Board and management responsibilities
*  Setting up and implementing the audit programs (fiduciary audit, IT audit,       compliance audit, operational audit, etc.)
*  Executing the internal audit program, performing risk assessments and            risk-based audits
*  Ensuring independence and competence, and reporting the audit findings

The Trust Services Audit Manual saves the trust department auditor time and effort and money with the following features:

*  Facilitates the development of detailed, written practices and policies, and     the procedures and checklists to implement them
*  Provides materials necessary to ensure that your audit program is effective      and remains effective
*  Written in a clear, step-by-step style, making it easy to implement the most     effective audit techniques
*  Provides customizable policies, procedures, and checklists that allow            managers to develop tools uniquely suited to their institution's audit           program
*  Provides updates to make it easier to keep up with and integrate new changes     into their audit program

Regions of Coverage /Region of Coverage/United States
/Region of Coverage/North America/United States
Publication Type /Source Type/Treatises & Analytical Material
Legal /Legal/Banking & Finance Law
Industry /Industry/Legal
/Industry/Banking & Finance
Premier Date November 22, 2013