CATIC has revised its audit procedure to include a thorough analysis of trust accounts. Beginning in 2017, agents will begin receiving audit notifications from Angela Haddad, CATIC’s Agency Audit Manager. Agents will receive a six week notice prior to the anticipated audit date, and they will have the option of an onsite audit in their office or a “desktop” review. A desktop review would allow the agent to electronically submit requested documentation via encrypted email to Ms. Haddad. The goal is for a collaborative audit, much like the current random Supreme Court audits that already take place in law firms throughout Vermont.
Please feel free to contact Jenn Blomback with any questions or concerns.