Posts tagged with "risk assessment"

Performing Your ACH Risk Assessment

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Have you completed your ACH Risk Assessment?

An ACH Risk Assessment is a valuable tool to help your organization identify the risks associated with its ACH program; this same ACH Risk Assessment is also required for all financial institutions per the NACHA Operating Rules.

The NACHA Operating Rules clearly identify the importance of KYC (Knowing Your Customer) for the ODFI and by performing an ACH Risk Assessment, this will help determine the level of Risk the financial institution is enduring and thus help them create an effective Risk Management Program to help manage the ACH Risk that their program is subject to when processing ACH transactions for their customers.

Developing a sound Risk Management program to continually monitor the areas of Risk, then analyze your actions to ensure you are exercising mitigation tools to keep risk at its lowest possible.  Discussion includes ways to help reduce the Risks associated with sending and receiving ACH transactions.

The agenda for this timely and relevant online training includes:

  • Outline guidance for the ODFI when establishing policies, procedures, and limits that acknowledge the risks certain businesses and customers bring to an ACH operation
  • Provide tips on how to conduct the ACH Risk Assessment
  • List the types of ACH Risk for both the ODFI and RDFI
  • Describe how to appropriately rate the risk of your activities at your financial institution
  • Identify the types of risk factors – based on the ODFI’s Due Diligence
  • Offer suggestions on mitigating controls to help reduce risk for both the ODFI & RDFI

Pricing

$249 for Webinar and Playback*
*Playback has no expiration and may be shared internally

Dates of Event

Tuesday, March 12, 2019

  • 2:00 – 3:30 pm (Eastern Time)
  • 1:00 – 2:30 pm (Central Time)
  • 12:00 – 1:30 pm (Mountain Time)
  • 11:00 – 12:30 pm (Pacific Time)

Credits

1.8 AAP Credits
1.5 CPE Credits

Your Speaker

Donna Olheiser AAP
Founder/VP Education, Dynamic Mastership

Donna Olheiser

About the Speaker

Donna, the Vice President of Education Services for Dynamic Mastership, is a Certified Master Trainer and an experienced Project Manager, with over 14 years’ experience managing education programs for organizations processing electronic payments and financial institutions operations areas. Prior to founding Dynamic Mastership 3 years ago, Donna served as the Education Services Director for UMACHA for 9 years. Donna began her career serving as Training and Development Specialist for the Federal Reserve Bank, Minneapolis.

 

 

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Documenting Wire Transfer Risk Assessment

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Wire Transfer Operations Risk

Sample Slide from Presentation Deck

The FFIEC requires that financial institutions manage the risks associated with using the wire transfer networks to transmit wholesale payments. Wire program controls have been criticized by regulators based on controls that while years ago were effective are now no longer sustainable. Over the past several years, there have been significant cybercrime related incidents that have drawn the attention to internal controls of a financial institutions wire transfer program.

This banking webinar on wire risk will take attendees through all related risks and provide useful tools to complete your wire transfer risk assessment.

Elements Covered:

  • Wire Transfer Risks Reviewed
    • Definitions and Wire Process Flow
    • Different Types of Wire Transfers Explained
  • Types of Risks Explained and Best Practices for Mitigation
    • Credit Risk
    • Operations Risk
    • Fraud Risk
    • Reputational Risk
    • Legal and Compliance Risk
    • Third Party Risk
  • Tips for Completing a Strong Risk Assessment

Who Should Attend?

  • Internal Auditors
  • Compliance Officers
  • Risk Managers
  • Wire Transfer Supervisors
  • Electronic Banking
  • Deposit Operations
  • Branch Management
  • Senior Management
  • Enterprise Risk Management

Pricing

$249 for Webinar and Playback*
*Playback has no expiration and may be shared internally. Event previously recorded.

Date of Event

Thursday, February 28, 2019

  • 12:00 – 1:00 pm (Eastern Time)
  • 11:00 – 12:00 pm (Central Time)
  • 10:00 – 11:00 am (Mountain Time)
  • 9:00 – 10:00 am (Pacific Time)

Credits

  • 1.2 AAP Credits
  • 1.0 CPE Credits

Your Speaker(s)

Terri Sands AAP CAMS
Founder, Secura Risk Management

About the Speaker

Terri Sands is a recognized leader in the Payments industry with decades of hands-on experience in payments compliance, risk management and more. She founded Secura Risk Management 8 years ago to deliver education, consulting and auditing services in the areas of payments risk management (ACH, RDC, Wire Transfer, Debit Cards), BSA/AML, fraud prevention, and physical security for financial institutions and FinTech companies. 

Terri is also Director of Payments Risk Management at State Bank & Trust (GA). Previously, she was Managing Director of Payments Information Circle, President of GACHA, and Training Manager for ACH Services at the Federal Reserve Bank. Terri has been an instructor for BankersHub for almost ten years.

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Three Key Risk Assessments in Your ERM Program – ERM, IT, and Internal Controls

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Enterprise Risk Management

This risk webinar will first take you through a basic review of what is ERM and the basic steps to develop strong Risk Assessments to address key areas of your institution. Then the presenter will specifically focus on three key Risk Assessments you must have as critical components of your ERM Program: the Enterprise Risk Management Risk Assessment, Information Technology Risk Assessment, and the Internal Controls Risk Assessment. You will walk away with practical tools and examples you can implement in your organization immediately.

This enterprise risk webinar is for participants who have a basic foundational knowledge of Enterprise Risk Management and are looking for specific examples on how to complete these three important Risk Assessments.

Covered Topics

Part I:

  • ERM quick overview and key definitions
  • Three Key Phases of ERM and how Risk Assessments fit in
  • The Risk Assessment Process
  • ERM Risk Assessment– Complete example of several of the major risks

Part II:

  • Information Technology areas that need to be assessed
  • Information Technology Risk Assessment
    • Definitions
    • Categories Included
  • IT Risk Assessment – Complete example

Part III:

  • Internal Controls Risk Assessment
    • List of Areas Assessed
    • Categories included
  • Internal Controls Risk Assessment – Complete example

Who Should Attend:

This informative session is designed for Risk Managers and Risk Leaders, Chief Risk Officers, Compliance Officers, Chief Operating Officer, Chief Credit Officer, Internal Auditors, and the entire risk management team.

Why You Should Attend

To learn more in-depth how to complete these three key risk assessments for ERM, IT, and Internal Controls.

Pricing

Only $249 for Webinar and Playback!*
*At BankersHub, our Playbacks have NO ARBITRARY EXPIRATION and may be shared internally! Event recorded previously

Date of Events

Monday, February 25, 2019

  • 12:00 – 1:30 pm (Eastern Time)
  • 11:00 – 12:30 pm (Central Time)
  • 10:00 – 11:30 am (Mountain Time)
  • 9:00 – 10:30 am (Pacific Time)

Credits

  • 1.8 AAP Credits
  • 1.5 CPE Credits

Your Speaker(s)

Marci Malzahn
President and Founder
Malzahn Strategic

About the Speaker

Marci Malzahn is the president and founder of Malzahn Strategic, a community bank consultancy focused on strategic planning, enterprise risk management, and talent management. Marci has 23 years of banking experience, the last ten as the EVP/CFO/COO of a community bank she helped start where she oversaw all the bank operations areas. Marci is the recipient of a number of professional awards, is a published author of three books, and an international bilingual public speaker, speaking frequently at banking conferences and associations.

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Using Risk Assessment to Develop Your Audit Plan

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This audit webinar is valuable for internal auditors at all levels. It is designed for auditors who are responsible for auditing, reviewing or otherwise “covering” business risks. It takes the mystery out of the overall risk assessment process.

It gives the webinar attendees a logical framework to use when faced with the assignment of preparing an annual audit plan or parts thereof. It also allows attendees to “solve” the pressing problem of providing comprehensive audit coverage with limited resources.

The risk assessment approach gives auditors a plan that assures management and the audit committee that resources are being allocated so that high risk auditable activities are receiving more appropriate audit coverage than low risk auditable activities.

All those who must decide what to audit and what not audit should attend. It is valuable for those who put together a plan for the board or its audit committee showing what will be covered via audit. It explains that the audit plan and the audit coverage is determined after a careful assessment of business risks.

This audit webinar will specifically cover the following topics:

  • Definitions of business risk, monetary risk, non-monetary risk etc.
  • Specific business risk such as:
–      Capital risk –      Insider risk
–      Collateral risk –      Interest rate risk
–      Concentration risk –      Management risk
–      Country risk –      Market risk
–      Credit or counter-party risk –      Operations risk
–      Foreign exchange risk –      Regulatory risk
–      Funding risk –      Strategy risk
  • The external audit risk model
  • The multi-phase audit approach
  • The risk assessment step by step process
  • Types of risk audit coverage
  • The payback for using risk-based auditing

Those individuals who will benefit from this webinar include:

  • General auditors
  • Audit management
  • Internal audit staff
  • Board members
  • Audit committee chairperson
  • External auditors

Date of Event

Friday, February 1, 2019
12:00 – 1:30 pm ET
11:00 – 12:30 pm CT
10:00 – 11:30 am MT
9:00 – 10:30 am PT

Pricing
$249 for Webinar plus playback*
*Playbacks do NOT expire and may be shared internally

Credits

  • 1.8 AAP Credits
  • 1.5 CPE Credits

Your Speaker

Paul Sanchez - PSA

Paul Sanchez
Founder – PSA Professional Service Associates

About Paul Sanchez

Paul J. Sanchez, CPA, CBA, CFSA conducts a CPA practice in Port Washington, New York. He is also the owner of Professional Service Associates (PSA), a consulting and professional training and development business servicing corporate clients (auditors, controllers, etc.), CPA firms, professional associations and others. He was an assistant professor at Long Island University – C.W. Post Campus as well as an adjunct lecturer at City University of New York. Prior to starting PSA, he was the Vice President-Professional Development for the Audit Division of a regional bank and Director of Professional Practices and Vice President of a money-center bank, where he directed the professional practice development and training for internal auditors.

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Rethinking Bank Audit Efficiency

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This bank audit webinar is for both external and internal auditors, seasoned and new. It focuses on the need for changing the way audits are conducted. Both internal and external audits have not changed very much over the years which makes no sense given significant changes in the audit environment, technology, the professionalism of auditors etc. We hear about and read about the “auditor of the future.” The future is now.

Emphasis. Audits must become more efficient. The webinar reviews the following four (4) significant driving forces which are bringing about efficiency:

  1. The overall approach to audits
  2. The obsession with risk and risk assessment
  3. The integrated audits which report on internal controls as well as financial presentations
  4. Artificial intelligence

The webinar carefully defines effectiveness and efficiency and how they are significantly different but, nevertheless, interrelated.

Overall Audit Approach. Heavy emphasis is placed on a top-down audit approach with focus on principles, standards, procedures and techniques.

Risk Obsession. The webinar also strongly emphasizes the importance of the auditor’s risk model and how that really is the auditor’s business risk. It also revisits the important business risks faced by all bankers and faced by the auditors who audit bank financial statements and/or bank internal controls.

Integrated Audit. The modern audit now focuses attention on financial, operational, and information technology. All three must be addressed on every audit engagement. The webinar analyzes the integrated approach and highlights how it is a driving force for efficiency.

Date of Event

Friday, January 25, 2019
12:00 – 1:30 pm ET
11:00 – 12:30 pm CT
10:00 – 11:30 am MT
9:00 – 10:30 am PT

Pricing
$249 for Webinar plus playback*
*Playbacks do NOT expire and may be shared internally

Credits

  • 1.8 AAP Credits
  • 1.5 CPE Credits

Your Speaker

Paul Sanchez - PSA

Paul Sanchez
Founder – PSA Professional Service Associates

About Paul Sanchez

Paul J. Sanchez, CPA, CBA, CFSA conducts a CPA practice in Port Washington, New York. He is also the owner of Professional Service Associates (PSA), a consulting and professional training and development business servicing corporate clients (auditors, controllers, etc.), CPA firms, professional associations and others. He was an assistant professor at Long Island University – C.W. Post Campus as well as an adjunct lecturer at City University of New York. Prior to starting PSA, he was the Vice President-Professional Development for the Audit Division of a regional bank and Director of Professional Practices and Vice President of a money-center bank, where he directed the professional practice development and training for internal auditors.

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Vendor Oversight: Ongoing Compliance Challenges

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Risk Assessment

Third-party risk represents one of the biggest potential risk factors for financial institutions today. With tightened regulatory standards and heightened cyber risks, regulators are examining more deeply and it’s not enough for banks to simply “check the box” on performing due diligence or oversight.  Understanding how to apply a comprehensive and disciplined approach for meeting compliance requirements remains a challenge for financial institutions, big or small. This webinar will provide practical strategies to help overcome these challenges.

Attendees to this banking webinar will learn:

  • Key regulatory requirements and the vendor management lifecycle
  • How to operationalize vendor management: evolving your team from data collectors to risk manager
  • Understanding and applying third-party risk profiles and tiering to vendor relationships
  • Determining risk and mitigation strategies
  • Program benchmarking and operation metrics
  • Critical contract terms to leverage control and mitigate risk

Pricing

$249 for Webinar and Playback*
*Playback has no expiration and may be shared internally

Dates of Event

Tuesday, January 15, 2019

  • 12:00 – 1:00 pm (Eastern Time)
  • 11:00 – 12:00 pm (Central Time)
  • 10:00 – 11:00 am (Mountain Time)
  • 9:00 – 10:00 am (Pacific Time)

Credits

1.0 CPE Credits

Your Speaker(s)

Dena Somers

Dena Somers, Esq
Founder
finregPARTNERS

About the Speaker

Dena Somers is a highly regarded bank consultant and compliance attorney. She has provided regulatory compliance and risk management consulting services to financial institutions and companies in highly regulated industries nationwide for more than 20 years. Her areas of expertise include consumer and mortgage lending compliance, Fintech and specialty finance, regulatory compliance training, business strategy and best practice advisement, and corporate governance.

Throughout her career, Ms. Somers has advised hundreds of banking and financial institutions— ranging from local community banks to $50 billion financial holding companies— to achieve operational efficiency while ensuring regulatory compliance. Previously, Ms. Somers served as General Counsel to a national mortgage servicing company, Fintech lender, national money service business, and has represented financial institutions in a broad array of complex litigation matters for more than 15 years. Additionally, Ms. Somers is a published author for Lexis Nexis in the areas of Bank Teller training, loan policies, and loan documentation training.

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Documenting Your Debit Card Risk Assessment

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Today, debit card losses are at a high with breaches, cloned cards, brute force attacks and other unauthorized and fraudulent activity.  Debit cards represent increased risks to any financial institution based on external threats.  While financial institutions perform risk assessments on ACH, Wires, Remote Deposit Capture and other payments, debit card risks may be missed as a financial institution may not capture the day to day impact or see the reputational damage that the debit card payment system can have on the bottom line.

This payments webinar will focus on all applicable risks including operational, fraud, third party, compliance, reputational and credit risks impacting your debit card program and outline those areas that should be examined periodically to ensure your debit card program is sustainable and scalable based on regulatory guidance, expectations and incident response plans.

Topics Covered:

  • Overview of Debit Card Risks and Exposure
  • Dependency on Third Parties
  • Best business practices for documenting your debit card risk assessment

Who Should Attend?

  • Internal Auditors
  • Compliance Officers
  • Risk Managers
  • Regulation E staff and management
  • Deposit Operations
  • Branch Management
  • Senior Management
  • Enterprise Risk Management

Pricing

$249 for Webinar and Playback*
*Playback has no expiration and may be shared internally. Event previously recorded.

Dates of Event

Tuesday, November 27, 2018

  • 2:00 – 3:00 pm (Eastern Time)
  • 1:00 – 2:00 pm (Central Time)
  • 12:00 – 1:00 pm (Mountain Time)
  • 11:00 – 12:00 pm (Pacific Time)

Credits

  • 1.2 AAP Credits
  • 1.0 CPE Credits

Your Speaker(s)

Terri Sands AAP CAMS
Founder, Secura Risk Management

About the Speaker

Throughout her career, Terri has served as a leader in the payments and fraud prevention industry, providing education, risk management and compliance consulting and support services geared toward the specific needs of financial organizations. Terri serves as the Director of the Financial Investigative Unit for State Bank & Trust in Atlanta, Georgia where she is responsible for BSA/AML, physical security, fraud prevention, and payments risk management.

Terri is an Advanced Certified Anti-Money Laundering Specialist, an At-Risk Adult Crime Specialist and an Accredited ACH Professional. Prior to founding Secura, Terri served as co-founder of Payments Information Circle (PIC), Prior to her work at PIC, Terri served as the President of GACHA, a non-profit, regional payments association. Terri began her career in payments as a Senior Analyst with the Federal Reserve Bank of Atlanta where she provided training throughout the Sixth District and served on the Federal Reserve ACH Conversion Team that consolidated ACH Services for all branch locations in the Sixth District. Terri has been an instructor for BankersHub for almost ten years.

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Documenting Micro-Payment Risk Assessments (P2P, Bill Payment and Bank to Bank)

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Micro-payments such as Person to Person, Bill Payment, and Bank-to-Bank carry lower value payments; however, still can carry significant risks for the financial institution since these are widely used by consumers and business clients.

This payments webinar will focus on how to complete your micro-payment risk assessments and evaluate the residual risks. As these payment types today can move faster, it is even more important to evaluate all applicable risks and to determine what if any systems and other monitoring procedures are lacking and need to be implemented.

Who Should Attend?

  • Compliance Officers/Staff
  • Electronic Banking Management/Staff
  • Treasury Management
  • Internal Auditors
  • Risk Managers
  • Deposit Operations
  • Senior Management
  • Enterprise Risk Management

Pricing

$249 for Webinar and Playback*
*Playback has no expiration and may be shared internally. Event previously recorded.

New Date of Event

Thursday, November 15, 2018

  • 2:00 – 3:00 pm (Eastern Time)
  • 1:00 – 2:00 pm (Central Time)
  • 12:00 – 1:00 pm (Mountain Time)
  • 11:00 – 12:00 pm (Pacific Time)

Credits

  • 1.2 AAP Credits
  • 1.0 CPE Credits

Your Speaker(s)

Terri Sands AAP
Founder, Secura Risk Management

Terri Sands

About the Speaker

Throughout her career, Terri has served as a leader in the payments and fraud prevention industry, providing education, risk management and compliance consulting and support services geared toward the specific needs of financial organizations. Terri serves as the Director of the Financial Investigative Unit for State Bank & Trust in Atlanta, Georgia where she is responsible for BSA/AML, physical security, fraud prevention, and payments risk management.

Terri is an Advanced Certified Anti-Money Laundering Specialist, an At-Risk Adult Crime Specialist and an Accredited ACH Professional. Prior to founding Secura, Terri served as co-founder of Payments Information Circle (PIC), Prior to her work at PIC, Terri served as the President of GACHA, a non-profit, regional payments association. Terri began her career in payments as a Senior Analyst with the Federal Reserve Bank of Atlanta where she provided training throughout the Sixth District and served on the Federal Reserve ACH Conversion Team that consolidated ACH Services for all branch locations in the Sixth District. Terri has been an instructor for BankersHub for almost ten years.

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Documenting Wire Transfer Risk Assessment

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Wire Transfer Operations Risk

Sample Slide from Presentation Deck

The FFIEC requires that financial institutions manage the risks associated with using the wire transfer networks to transmit wholesale payments. Wire program controls have been criticized by regulators based on controls that while years ago were effective are now no longer sustainable. Over the past several years, there have been significant cybercrime related incidents that have drawn the attention to internal controls of a financial institutions wire transfer program.

This banking webinar on wire risk will take attendees through all related risks and provide useful tools to complete your wire transfer risk assessment.

Elements Covered:

  • Wire Transfer Risks Reviewed
    • Definitions and Wire Process Flow
    • Different Types of Wire Transfers Explained
  • Types of Risks Explained and Best Practices for Mitigation
    • Credit Risk
    • Operations Risk
    • Fraud Risk
    • Reputational Risk
    • Legal and Compliance Risk
    • Third Party Risk
  • Tips for Completing a Strong Risk Assessment

Who Should Attend?

  • Internal Auditors
  • Compliance Officers
  • Risk Managers
  • Wire Transfer Supervisors
  • Electronic Banking
  • Deposit Operations
  • Branch Management
  • Senior Management
  • Enterprise Risk Management

Pricing

$249 for Webinar and Playback*
*Playback has no expiration and may be shared internally. Event previously recorded.

Date of Event

Tuesday, November 13, 2018

  • 2:00 – 3:00 pm (Eastern Time)
  • 1:00 – 2:00 pm (Central Time)
  • 12:00 – 1:00 pm (Mountain Time)
  • 11:00 – 12:00 pm (Pacific Time)

Credits

  • 1.2 AAP Credits
  • 1.0 CPE Credits

Your Speaker(s)

Terri Sands AAP CAMS
Founder, Secura Risk Management

About the Speaker

Terri Sands is a recognized leader in the Payments industry with decades of hands-on experience in payments compliance, risk management and more. She founded Secura Risk Management 8 years ago to deliver education, consulting and auditing services in the areas of payments risk management (ACH, RDC, Wire Transfer, Debit Cards), BSA/AML, fraud prevention, and physical security for financial institutions and FinTech companies. 

Terri is also Director of Payments Risk Management at State Bank & Trust (GA). Previously, she was Managing Director of Payments Information Circle, President of GACHA, and Training Manager for ACH Services at the Federal Reserve Bank. Terri has been an instructor for BankersHub for almost ten years.

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Rethinking Bank Audit Efficiency

Register Now

This bank audit webinar is for both external and internal auditors, seasoned and new. It focuses on the need for changing the way audits are conducted. Both internal and external audits have not changed very much over the years which makes no sense given significant changes in the audit environment, technology, the professionalism of auditors etc. We hear about and read about the “auditor of the future.” The future is now.

Emphasis. Audits must become more efficient. The webinar reviews the following four (4) significant driving forces which are bringing about efficiency:

  1. The overall approach to audits
  2. The obsession with risk and risk assessment
  3. The integrated audits which report on internal controls as well as financial presentations
  4. Artificial intelligence

The webinar carefully defines effectiveness and efficiency and how they are significantly different but, nevertheless, interrelated.

Overall Audit Approach. Heavy emphasis is placed on a top-down audit approach with focus on principles, standards, procedures and techniques.

Risk Obsession. The webinar also strongly emphasizes the importance of the auditor’s risk model and how that really is the auditor’s business risk. It also revisits the important business risks faced by all bankers and faced by the auditors who audit bank financial statements and/or bank internal controls.

Integrated Audit. The modern audit now focuses attention on financial, operational, and information technology. All three must be addressed on every audit engagement. The webinar analyzes the integrated approach and highlights how it is a driving force for efficiency.

Date of Event

Friday, November 2, 2018
12:00 – 1:30 pm ET
11:00 – 12:30 pm CT
10:00 – 11:30 am MT
9:00 – 10:30 am PT

Pricing
$249 for Webinar plus playback*
*Playbacks do NOT expire and may be shared internally

Credits

  • 1.8 AAP Credits
  • 1.5 CPE Credits

Your Speaker

Paul Sanchez - PSA

Paul Sanchez
Founder – PSA Professional Service Associates

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About Paul Sanchez

Paul J. Sanchez, CPA, CBA, CFSA conducts a CPA practice in Port Washington, New York. He is also the owner of Professional Service Associates (PSA), a consulting and professional training and development business servicing corporate clients (auditors, controllers, etc.), CPA firms, professional associations and others. He was an assistant professor at Long Island University – C.W. Post Campus as well as an adjunct lecturer at City University of New York. Prior to starting PSA, he was the Vice President-Professional Development for the Audit Division of a regional bank and Director of Professional Practices and Vice President of a money-center bank, where he directed the professional practice development and training for internal auditors.