Daily log management (DLM) services provided by AuditLink, the audit and compliance division of CU*Answers, continue to draw interest. Marvin Johnson, AuditLink Manager reflected on this and noted, “we breached the 100-client mark last year and started fiscal 2021 strong, signing three credit unions with one more onboarding next month.” Johnson continued, “it’s exciting to see when a shared execution approach achieves its desired aim which is to provide audit and compliance solutions while driving down associated costs.”
Review of BSA cash logs, dormant accounts, teller reversals, wire transfers, and file maintenance changes are amongst the areas monitored as components of the overall DLM offering. “Having an independent third-party review transactional activity fulfills a requirement that many credit unions may not have the capacity to meet on their own,” Johnson explained.
“Our team is made up of nine practitioners with experience with a diverse client base that spans coast to coast ranging in asset sizes between several million to hundreds of millions. With a dedicated team at work, our goal is to provide relief to our clients so they can allocate more time to other important areas within their organization.”