Financial Outsourcing Solutions (FOS) is a leading provider of internal audit, risk management and compliance services to financial institutions located in Pennsylvania, New Jersey, Maryland, Delaware, and New York.
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One of the most susceptible areas for fraud in a bank, or financial institution, is the dormant deposit account. Dormant accounts are generally a deposit account that has been inactive for a period of time, …
Dormant Account Fraud – The Importance of Proper Monitoring James Dailey
CRA TRACKING FOR PANDEMIC LOANS While we’re in the throes of the Covid-19 pandemic, the one thing we don’t need is more work. But it is an important season to think about how loan programs …
There is seemingly no better time to scheme and scam than in the midst of a pandemic. On May 18th, FinCEN released an advisory regarding the uptick in reported activity related specifically to fraudulent cure, …
JAMES DAILEY ELECTED VICE PRESIDENT OF INSTITUTE OF INTERNAL AUDITORS – LEHIGH VALLEY CHAPTER Dailey is a supervisor at Financial Outsourcing Solutions LLP, a division of Mid-Atlantic accounting firm Herbein & Company, Inc. (Herbein) ALLENTOWN, …