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based covered Auditing

Who We Are

We are an audit company that specializes in Credit Union compliance. Bases Covered Auditing is a locally owned Credit Union Service Organization. Our knowledgeable staff are experts in Internal Audit, Compliance, and Risk Management.

What We Do

We offer accurate, professional, and cost-effective consulting including:

  • Internal Monitoring
  • Policy & Procedures
  • Internal Audits
  • Regulatory Compliance Audits
  • Risk Assessments
  • Internal Controls
  • Consultative Reviews

Mission

A Trusted Partner Offering Customized Audit/Compliance Solutions Assuring A Positive Regulatory Experience that Protects Our Clients' Success.

Auditing Services

Deposit Regulations

  • Reg D - Reserve Requirements
  • Reg E – Electronic Funds Transfer Act
  • Reg CC – Expedited Funds Availability
  • Reg DD - Truth in Savings Act
  • Garnishment of Accounts Containing Federal Benefit Payments

Lending Regulations

  • Reg C – Home Mortgage Disclosure Act
  • Reg B – Equal Credit Opportunity Act
  • Reg Z – Truth in Lending Direct/Indirect
  • Reg G – S.A.F.E. Mortgage Licensing Act
  • SCRA/MLA - Service Member Civil Relief Act/Military Lending Act
  • Fair Housing Act
  • Reg X - Real Estate Settlement Procedures Act (RESPA)
  • HUD Counseling Notice & Requirements
  • Homeownership Counseling
  • Consumer Protections in Sales of Insurance
  • Flood Disaster Protection Act
  • Quality Control Audits
  • Fair Lending
  • FCRA / FACTA

Miscellaneous Regulations

  • BSA / AML /CIP/ SAR/ CTR/ OFAC / Wire Transfers
  • ACH - Automated Clearing House
  • Advertising & Website Audit (Including ADA)
  • Right to Financial Privacy Act
  • Reg GG – Internet Gambling
  • Reg P - Privacy of Consumer Financial Information
  • UDAAP – Unfair, Deceptive, or Abuse Acts or Practices

Daily Monitoring

  • Audit Link Reports
  • BSA Monitoring (daily, weekly and monthly)
  • Deposit Disclosure Annual Review

Internal Audits

  • Due from Banks (Correspondent Banks Accounts)
  • Accounts Payable
  • Cash Counts
  • Non-Interest Income Review
  • Allowance for Loan Loss
  • Various Policies & Procedures
  • CU Gold Audit Link Reports
  • Gift Cards, Travelers Checks
  • Official Checks (Certified, Cashier’s, Money Orders)
  • Investment Securities
  • HR and Payroll
  • Night Depository
  • Employee Account Reviews
  • Board of Director Loans/Overdraft Reviews
  • Cash Disbursement Purchase and Accounts Payable
  • Loan Operations Audit
  • Deposit Operations Audit
  • Loan Concentration

System Experience

  • Fiserv
  • CU*Answers
  • Symitar

Contact us for a no-cost consultation to find out how BCA can assist in your risk management and compliance oversight.

Testimonials

I could not be happier with our decision to select Bases Covered Auditing as our internal audit partner. They are accessible and knowledgeable, which is a winning combination! I have first-hand evidence the virtual audit cycle we’ve built is strengthening our compliance efforts and improving our internal controls. Tom Boos
President/CEO
Billings Federal Credit Union
I consider the BCA team a true partner with our credit union in our ongoing risk management and compliance efforts. Their expertise has been invaluable in several areas including BSA compliance and auditing; loan reviews; transaction monitoring; operational audits; and others. They approach projects with a high degree of professionalism and effectively communicate results. Alayna Johnson
Vice President
Bluestone Federal Credit Union

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