Re: Compliance Exam


First off, good luck with your upcoming Exam. 🙂

For Internal Monitoring they’d like to see when you’re auditing the regs and which regs and whose in charge of that, do you report these to a committee? Or the BOD? Are you tracking exceptions that you’ve found in audits etc? Are you training when you’re finding exceptions? How are you handling your monitoring… etc etc.

For Periodic Independent Testing, they probably want to know who your external auditors are and when you ask them to come by? Quarterly? Annually? etc etc. (I think that’s what the Periodic Ind. Testing is, I could be wrong)

Anyways, hope that helps.