Committees : Audit
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.
Crowe Horwath’s Sydney Garmong writes about accounting changes that impact banks.
A thoughtful approach based on an initial assessment of the bank’s current state can result in better risk management and compliance that aren’t overly burdensome.
This article describes questions board members should ask about internal fraud to exercise proper oversight.
An effective audit committee is a critical component of a financial institution’s corporate governance and combines four key components: people, resources, support and approach.
Whether your bank uses an in–house, an outsourced or co-sourced internal audit function, the internal audit program must be independent.
In the wake of the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act stress test (DFAST) regulations, the term “stress test” has become a familiar part of the banking lexicon.
As acquisitions continue to play a major role in financial institutions’ strategic growth plans, management teams and boards are under increasing pressure to deliver results—with minimal surprises.
As regulatory scrutiny intensifies and liability concerns mount, it’s more important than ever that financial institution audit committees are highly engaged.
Here is what boards need to know about fair lending compliance and future rule changes.