Forvis Mazars can assess the adequacy of the bank’s established compliance management program and its regulation of technical performance with regulatory compliance matters. At the conclusion of the assessment, Forvis Mazars will be positioned to provide management with an objective perspective on compliance administration, help identify procedural weaknesses, and direct attention toward areas posing elevated risk of regulatory criticism or consumer litigation.

Our professionals assess transactions consummated since the institution’s most recent compliance examination. They employ a judgmental sampling process that involves randomly selecting individual files, verifying calculations for those transactions, and reviewing forms for accuracy and timeliness. If we identify a significant number of compliance deficiencies, we may recommend expanding the sample to determine the magnitude of violations.

Following a risk-based approach, we determine the scope and sample size based on several criteria including:

During this assessment, our professional will monitor the following laws and/or regulations, as applicable:

Forvis Mazars will provide a written statement regarding the adequacy of the overall compliance management program. Furthermore, we will assign grading for each law and/or regulation in the report based on the criticality of the compliance deficiency identified.