Oversight & Pre-Audit Procedures

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This content provides insights into the monitoring unit's oversight responsibilities, selection criteria for pre-audit work, and the process for initial contact and site visits. It outlines the timeline for auditors' reviews, administrative contacts, and document submissions, emphasizing the importance of timely responses. The materials aim to ensure compliance with quality control standards and facilitate efficient audit procedures.

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Uploaded on Feb 22, 2025 | 0 Views

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Monitoring Unit Alberto Planas, Assistant Director Oversight 1

Selection Criteria Pre-Audit Work by Auditors Quality Control (QC) SARS/Underwriters Declined Loans and Non-compliant files Marketing Materials Workload/Training/Branch Offices/etc. 2

Initial Contact 45-calendar days prior to site visit Auditors review pre-audit documentation Administrative Contact 7-calendar days prior to visit via email Requested Documentation Due within 3-calendar days of email Site Visit (Monday-Wednesday Typically) Documents/Comments/Response Due 7-calendar days from exit briefing