The Service

The goal of a Deposit Compliance Audit is to identify and document known compliance issues with the institution’s lending program, in accordance with Federal regulations. Each review is tailored to the client’s individual risk profile, and includes:

  • Expedited Funds Availability Act (Reg CC)
  • Reserve Requirements (Reg D)
  • Truth in Savings Act (Reg DD)
  • Electronic Funds Transfer Act (Reg E)

At discovery, details of the engagement will be outlined to ensure the client’s needs will be met, time frames are manageable, and reports are delivered appropriately.  The resulting report will give the institution an overall rating and show any compliance issues found.

10-D has developed a reporting process that delivers “Risk Based” facts in a universally readable language and format.

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The 10-D Compliance Difference

  • Audit performed by former compliance officers, auditors, and examiners with vast experience of the inner workings of financial institutions AND in-depth compliance knowledge.
  • Easy to read and understand reports which are delivered promptly.
  • Examiner-approved work paper solution.
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Who Benefits from a Deposit Compliance Audit?

This service applies to organizations:

  • Who require quick turnaround of reports and deliverables.
  • Whose budget constraints do not allow for “Big Accounting Firm” prices.
  • Whose management values their time and lack resources to conduct their own audits.

The Scope of Work

  • The scope of our Deposit Compliance Audits follow regulatory requirements and best practices.
  • Each engagement will be tailored to meet each client’s unique needs.
  • On-site and remote reviews available.

Keep your institution off the evening news. Contact us today!

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