‘Bank Auditing’ Posts

 

Rotten to the Core – This is no way to run a financial sector!

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This week’s 60 Minutes expose on the bankruptcy of Lehman Brothers was revolting in the portrayal of the senior executives at Lehman Bros., Ernst and Young, and the SEC. These people are despicable human beings, disgusting in the extent of their personal greed and disregard for morals, ethics and laws. I suppose I tarnish the […]

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Suspense Accounts – Approach with Caution

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This story gets more views than any other on my blog, except for the wooden beer carrier. But nobody ever leaves any comment. Do you like it? Was it interesting? Was it lame? Did it leave you with more questions? OK, I’m going to beg you, please leave some sort of comment after you’re done. […]

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When is a control not a control?

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One of the key procedures as a bank auditor was to audit the branch operations. This was pretty dull and routine. Cash money is amazingly dirty and we did not enjoy having to count up $100,000 in the vault. In order to protect ourselves (the auditors), we required that a branch employee be physically in […]

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What’s in the drawer????

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I was a bank auditor for about a year in my early career. One afternoon, the main branch manager called me to say one of her tellers was $1,000 short, and would I come downstairs to the branch to take a look. I was relatively new to the job, and cashing up a bank teller […]

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