Committees : Audit

article | Audit February 16th, 2016

Beyond Cost-Cutting: Six Strategies for Improving Banks’ Operating Efficiency

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.

By: Timothy Reimink
article | Audit February 15th, 2016

FASB’s New Standards for Financial Instruments: What Banks Need to Know

Crowe Horwath’s Sydney Garmong writes about accounting changes that impact banks.

By: Sydney Garmong
article | Audit December 22nd, 2015

Getting Started With Third-Party Risk Management: Two Key Questions

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.

By: Michele Sullivan
article | Audit December 7th, 2015

Questions to Ask About Internal Fraud: A Bank Director’s Guide

This article describes questions board members should ask about internal fraud to exercise proper oversight.

By: Troy La Huis, Tom Paar
article | Audit November 19th, 2015

The Audit Committee: Help Them Help You

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.

By: Sal Inserra
viewpoint | Audit October 26th, 2015

Maintaining Internal Audit Independence Regardless of Structure

Whether your bank uses an in–house, an outsourced or co-sourced internal audit function, the internal audit program must be independent.

By: John Palmer
article | Audit September 24th, 2015

Lessons Learned From the Stress Tests

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.

By: Dave Keever, Colette Wagner
article | Audit August 18th, 2015

Saving Money as Part of Due Diligence

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.

By: Chad Kellar, Rick Childs
article | Audit June 23rd, 2015

The Job of the Audit Committee

As regulatory scrutiny intensifies and liability concerns mount, it’s more important than ever that financial institution audit committees are highly engaged.

By: Jennifer Burke, Ray Calvey
article | Audit May 19th, 2015

Fair Lending Compliance Is Becoming More Complex and More Challenging

Here is what boards need to know about fair lending compliance and future rule changes.

By: Paul Osborne, Niall Twomey, Reid Simon