Mangement tends to defer to internal audit after a branch robbery has occurred. I'm curious to know if or how your audit shop is involved after a robbery, and what purpose or function does it have to have internal audit involved. I see the importance of independently determining the amount of loss, and ensuring appropriate internal controls and security procedures were followed. Additionally, ensuring security devices and video devices are working as intended. I'm curious to know if anyone performs any other functions, or if your audit shop has no role after a robbery has occurred.
Thank you,
Wilma Garcia, Sr. Auditor
University Federal Credit Union