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    Safe Deposit Training: Vault Access, Exit Issues, & Procedures

    $99.00
    *
    This is a rebroadcast of a session that was originally recorded on the 1st of December 2016. The safe deposit business is often thought of as a low risk-low reward business. This is far from the reality. “Mistakes” (e.g. control breakdowns) in the safe deposit area expose the financial institution (bank, savings association, credit union) to unlimited liability. Since the lessor of the box (the financial institution) does not know what is in the lessee’s (customer) box, any claim against the bank can be for unknown and unlimited amounts.

    This is a rebroadcast of a session that was originally recorded on the 1st of December 2016. 

    Overview

    In addition to mistakes that occur in the decedent box renter process, other serious mistakes occur in the access process.

    This webinar provides attendees with the best safe and sound practices and controls during the process of allowing access to a rented box .

    The attendees will take away an approach that is well-controlled, safe and sound. The approach will protect the financial institution against unlimited liability claims. 

    Covered Topics

    Specific focus will be placed on:

    =      The Definition of Access

    =      General Access Issues

    =      Verification Procedures

    =      Box Removal Procedures

    =      Re-vaulting Procedures

    =      “Notification of Death” Procedures

    =      Documentation

    =      Access Tickets

    =      When to Deny Access

    Who Should Attend

    This informative program will benefit safe deposit supervisors, full time or relief vault attendants, auditors, or any employee who works in the safe deposit area.

    Products specifications
    CE Credits 2.5
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    This is a rebroadcast of a session that was originally recorded on the 1st of December 2016. 

    Overview

    In addition to mistakes that occur in the decedent box renter process, other serious mistakes occur in the access process.

    This webinar provides attendees with the best safe and sound practices and controls during the process of allowing access to a rented box .

    The attendees will take away an approach that is well-controlled, safe and sound. The approach will protect the financial institution against unlimited liability claims. 

    Covered Topics

    Specific focus will be placed on:

    =      The Definition of Access

    =      General Access Issues

    =      Verification Procedures

    =      Box Removal Procedures

    =      Re-vaulting Procedures

    =      “Notification of Death” Procedures

    =      Documentation

    =      Access Tickets

    =      When to Deny Access

    Who Should Attend

    This informative program will benefit safe deposit supervisors, full time or relief vault attendants, auditors, or any employee who works in the safe deposit area.

    Products specifications
    CE Credits 2.5
    Product tags
    Presenter:

    Paul J. Sanchez

    Paul J. Sanchez, CPA, CBA, CFSA, CGMA conducts a small CPA practice in Port Washington, New York. He is also the owner of Professional Service Associates (PSA), a consulting and professional training and development business servicing corporate clients (auditors, controllers, etc.), CPA firms, professional associations and others. He was an assistant professor at Long Island University - C.W. Post Campus as well as an adjunct lecturer at City University of New York. Prior to starting PSA, he was the Vice President-Professional Development for the Audit Division of a regional bank and Director of Professional Practices and Vice President of a money-center bank, where he directed the professional practice development and training for internal auditors. He also was on the technical staff of the Auditing Standards and Examinations Divisions of the AICPA. He practiced public accounting in the New York office of Deloitte where he also was a firm recruiter and in-house professional development instructor. He was an owner and auditing and accounting seminar leader for the Person/Wolinsky CPA Review Courses, a company that prepared candidates to pass the Uniform CPA Examination. He is a frequent lecturer and seminar leader for accounting, auditing, banking, risk assessment and other professional presentations. He is the author of the textbook, “Accounting Basics for Community Financial Institutions” (Financial Managers Society, 2 nd edition, Chicago, 2009) and the “Ideas an Analysis Letter: The Sanchez Take” (see www.sanchez-psa.com). As a contributing author, his chapter on ‘An Auditor’s Approach to Risk-Based Auditing: What to Audit and When,’ is included in the textbook, “Effective Auditing for Corporates: Key Developments in Practice and Procedures,” (Bloomsbury Information, Ltd, London, 2012).