Audit & Consulting In today’s regulatory environment with heavy violations for non-compliance, an objective, in-depth, and independent analysis is critical. Boards of Directors are being held increasingly accountable for the adequacy and effectiveness of their organization’s system of internal controls and for the quality of their performance. So much so, that regulatory authorities encourage the conducting of independent audits. We understand that qualified, experienced personnel are increasingly difficult to hire and train. The necessary knowledge, skills, time, and disciplines to conduct audit services are in short supply and expensive. Our audit solutions can free your institution from time-consuming and costly programs. The experienced staff of our affiliate, FNBB Services Corp., will coordinate and direct a turnkey audit program to relieve your key personnel of this time-consuming but necessary project. Or they can consult with you on the organization and management of your own performance review of your institution’s control and procedures. Either way, we can help you detect areas of deficiency and provide solutions to avoid regulator criticism. We are committed to your success and the success of your organization - a commitment proven by our leadership in bringing you the audit services you need to maintain an adequate system of internal controls. Internal Audit Our internal audit service provides financial institutions with customized, ongoing internal audits and consulting services. We provide assistance to you and your staff in conducting internal audits, evaluating the system of internal controls and meeting regulatory internal audit requirements. Our audits are led by certified auditors with banking experience. A comprehensive ongoing internal audit program includes: Review of current policies and procedures Testing of key internal controls Resolution of issues by means of a cooperative teamwork approach Reports to management and Board of Directors Audit Committee on findings with recommendations Coordination with independent CPAs and regulatory authorities Ongoing risk-based internal audits in areas such as: Deposits Wire Transfer Investments Proof Function Due From Banks Loan Controls Retail Teller Function Accounts Payable Fixed Assets Payroll Prepaid Expenses Employee Account Monitoring Additional specialized services are available, such as: Information Systems ACH audits Independent model validation review of ALM model results Financial audits of bank subsidiaries Directors’ examinations Trust examination services Co-source audit service – a supplement to existent in-house internal audit staff Consulting services in areas such as: organization of the internal audit function including Audit Policy, Audit Committee charter, and staff development and training. Management, planning, and advice Staff development and training Click Here for more information on Information Systems Auditing Note: FNBB Services Corp. employs CPAs and provides agreed upon internal audit procedures and consulting services. Since the company is not engaged in the practice of public accountancy, it is not registered with the Mississippi State Board of Public Accountancy as a CPA firm qualified to practice accountancy in Mississippi.