Committees : Audit
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.
How Banks Can Leverage Continuous Auditing, Continuous Monitoring
Continuous auditing and continuous monitoring are proactive review approaches that help institutions identify potential control breakdowns.
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.
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.
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.
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.
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.
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.
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.
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?