What May Be Missing from Your Audit FBAR Testing Program

Danielle M. Kuroski, CAMS-Audit

The primary objective of this white paper is to increase awareness about the FBAR requirements; offer considerations for building a comprehensive internal audit FBAR program that satisfies regulatory expectations for deterring U.S. tax evasion, money laundering and terrorist financing activities through the use of offshore bank accounts and other assets; and provide guidance on how to effectively test the financial institution’s FBAR compliance program.

Download PDF