Trust Examiner School eBook

37. A list of all entities that conduct internal and/or external audits. Describe the frequency and scheduling of your audits and any factors that influence audit frequency and scope.

[Type Management Response Here]

38. An organizational chart of the audit department. Describe the reporting and accountability relationship of the audit function within your institution. Also, describe the level of trust experience and training of each of the audit staff.

[Type Management Response Here]

Earnings

39. A copy of the two previous calendar years and the most recent YTD income statements. A copy of worksheets and supporting information used to complete the RC-T – Fiduciary and Related Services schedule of the FDIC Call Report.

[Type Management Response Here]

40. A copy of your business plan including budget projections and assumptions. Describe your marketing efforts including types of business solicited, size of accounts targeted or accepted, sales and retention methods, competition, market potential, and projected growth. Identify any new or proposed material changes in business strategy.

[Type Management Response Here]

41. A copy of referral agreements between you and persons or entities making referrals. Describe any informal arrangements. Also, provide a copy of the referral fee disclosure document provided to customers.

[Type Management Response Here]

42. A copy of the fee schedule for your services and the date approved by the Board of Directors or the appropriate committee.

[Type Management Response Here]

43. A list of any accounts receivable over 60 days past due.

[Type Management Response Here]

44. A list and explanation of accounts for which no fees or commissions are charged. Also, provide a list and explanation of accounts whose fees are discounted and provide the percentage of discount from the fee schedule.