Committees : Audit

Article | March 1st, 2023

Considerations for Post-CECL Adoption

There are several items banks that have recently adopted CECL will want to consider ahead of their next regulatory exam or external audit.

By: Brittany Stern
Article | December 28th, 2022

How Banks Can Leverage Continuous Auditing, Continuous Monitoring

Continuous auditing and continuous monitoring are proactive review approaches that help institutions identify potential control breakdowns.

By: Robert Mainardi
Article | June 17th, 2022

Crafting and Implementing an Effective Loan Review Function

An effective loan review program protects the bank’s safety and soundness, its customers and shareholders — as well as the board.

By: Peter Cherpack
BD Article
Article | November 29th, 2021

Proposed TDR Accounting Relief Will Miss Most Small Banks (For Now)

A proposed recent accounting change means that small banks will miss out on a change on how loan modifications are treated and will need to revert to the onerous accounting and reporting requirements.

By: Kiah Lau Haslett, Banking & Fintech Editor for Bank Director
Article | October 21st, 2021

The Gap in the Three Lines of Credit Risk Management Defense

If the first line of defense in the credit risk management program underperforms, all three lines — and the bank — suffer.

By: T. Alexander Spratt
Article | September 3rd, 2021

New Accounting Guidance Seeks to Clarify Three Big Questions

The OCC has released its annual accounting bulletin addressing three key items that are considered the most relevant to national banks.

By: Michael Davis
Article | August 26th, 2021

10 Fraud Prevention Tips to Help Protect Your Institution

Banks have a number of ways — from mandatory vacations to corporate policies — that can help minimize revenue lost to fraud.

By: Bryan Callahan
Article | June 22nd, 2021

The Post-Pandemic Priorities for Audit and Risk Committees

To prepare for the future, bank audit and risk committees should review and reconsider how the pandemic altered business operations and the control environment.

By: Jennifer Burke, Sal Inserra
Article | May 21st, 2021

Highlights From CECL Adoption

Highlights from the banks that adopted the new loan loss accounting standard could prove very useful to other community banks as they work toward the January 2023 effective date.

By: Brandy Buckler
Article | April 15th, 2021

A New Look at Problem Loan Management

In a time when payment deferrals and modifications are numerous and widespread, and government-assisted credit is necessary, how banks identify problem loans change?

By: Erica Crain, Monica Bolin