August 25, 2022 - 11:19am
#1
Is it proper protocol to have the Supervisory Committee sign for any and all external audits requested/completed? We're in the midst of establishing an internal audit function and the in the past the supervisor of EFT/ACH has always signed for the ACH Audit. I feel like this is something that the Supervisory Committee should be over and should actually sign for. Would I be correct in thinking this? I did notice that it is called a Risk and Compliance Services Agreement and not an actual Engagement Letter. Any suggestions/input would be appreciated. Thank you!