Safe Deposit Audits Identify and Reduce Your Liability


$295.00

Presented by: Dave McGuinn                  
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Improve Your System:
Management should take full advantage of an effective safe deposit audit program as their protection against losses due to negligence or carelessness. The mysterious disappearance of property from either internal theft or burglary must be avoided. You should be sure that procedures are in place to assure that your attendant uses the utmost diligence in making sure there are no exceptions or deviations. For an auditor to properly perform this task, they must be thoroughly familiar with all aspects of your safe deposit operation. This seminar covers the "nuts and bolts" and the important steps that must be followed to audit your entire safe deposit function.

David McGuinn, a nationally known expert in the area of safe deposit, has audited numerous financial institutions and will provide clear concise answers to complicated questions regarding your institution's responsibility and potential liability. He will also identify and discuss various audit issues.

What You Will Learn:
Get answers to the following questions and establish internal procedures to comply with proper safe deposit requirements.

  • What are the thirty (30) most important audit questions that must be answered YES?
  • Have you measured all the boxes to make sure the correct rent is being charged?
  • Why should you perform a complete key audit to determine if you have all keys?
  • Do you know that all renter signatures match the names typed on the contracts?
  • Why is a vault survey of all box numbers and sizes important during this audit?
  • Do you have current resolution forms for all your rented business boxes?
  • Are all of the blanks on the contract filled in properly with no white outs?
  • Have you reviewed access records for the time, date and proper initials?
  • Why must all keys found be listed as Available or Service Required?
  • Are all renter signatures authorized to enter the safe deposit box?
  • If "MYSTERY BOXES" are identified how should they be handled?
  • Why should you record all past due, free and discounted boxes?
  • What five types of Management Reports must be prepared?
Who Should Attend?
This informative program is designed to update and assist internal auditors, vault supervisors and safe deposit attendants.

About the Speaker: David P. McGuinn, President and founder of Houston based Safe Deposit Specialists, is a former banker with over 45 years of safe deposit experience. He is often referred to nationwide as the safe deposit GURU. In all 50 states he has trained over 250,000 safe deposit personnel since 1969, and has served the industry as President of the American Institute of Banking and the American, Texas and Houston Safe Deposit Associations. Dave is a featured speaker for the American Bankers Association's TV network and has been interviewed by the Wall Street Journal, AARP, Money Magazine, Washington Post, New York Magazine, Associated Press, National Public Radio (NPR), British Broadcasting Corporation (BBC), NCUA, FDIC, CUNA, CNN, CBS, ABC, NBC Nightly News, Today Show and Court TV on current safe deposit issues. McGuinn has created numerous recorded training programs, disclosure forms, brochures, procedures handbooks, audit/compliance/regulatory manuals and many other safe deposit resources which are now considered the accepted standard for the financial industry.

This program was recorded in its entirety in February 2020. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

Add to Cart:

  • Model: cd_safedeposit0220
  • Manufactured by: Glia Group, Inc.


This product was added to our catalog on Wednesday 16 December, 2015.

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