(MCRP) REVIEW PROCEDURES PAGE 1 7/95
1. To determine that Branch Operations management has identified weaknesses through their reviews of the MCRP and have taken corrective action. 2. To evaluate the adequacy, effectiveness, and efficiency of the system of internal controls in the branch banking system.
3. To determine compliance with policy, practices, and operating procedures.
Review all MCRP questionnaires and attachments, most recently submitted, for all branch office locations; a. Write review comments on weaknesses noted; b. Discuss comments with appropriate Branch Operations management, as considered necessary.
In conjunction with step #1 above, obtain MCRP's previously submitted and compare to MCRP's under current review;
a. Ascertain whether the weaknesses noted, from review of the MCRP's previously submitted, have since been corrected; b. Conclude as to the effectiveness of branch management's follow-up and corrective action on significant repeat weaknesses. 3. Issue report on observations and recommendations that may be significant and/or a general synopsis of the overall condition of the branch systems of control.