Committees : Audit
Greg Carmichael and other speakers at Bank Director conference sound a note of caution in the face of rapid change.
Chad Kellar of Crowe Horwath LLP describes the new data requirements for new accounting standard.
Bank directors need to consider vital questions to make sure their bank is ready for a major accounting change.
As with any major initiative, a successful transition to the new accounting standard will require active involvement of the audit committee, board and senior management.
The new Financial Accounting Standards Board (FASB) rule for estimating expected credit losses has been dubbed the most significant change in the history of bank accounting.
Fed survey details the average costs of compliance based on the size of bank.
Here's a rundown of some of the changes happening inside bank audit committees this year.
As the effects of the banking crisis continue to recede, regulatory agencies have shifted their focus.
The size, complexity and ever-evolving nature of cyberattacks mean there’s no one-size-fits-all way to respond.
With the challenges financial institutions face these days, it’s no wonder many banking executives are focusing intently on cutting costs and “right-sizing” their operations.