Committees : Audit
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.
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.
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.
Back to the Future: The Allowance for Loan and Lease Losses
David Ruffin and Randal Rabe describe how to assess a qualitative and environmental adjustment for ALLL.
New Accounting for Credit Impairment and Equity Securities: What You Need to Know
FASB has announced changes to U.S. generally accepted accounting principles that will apply across the board.
Rules of Engagement: Dealing With External Auditors
A CPA and chairman of the audit committee of First Virginia Community Bank in Fairfax explains what audit committees need to know about communications with external auditors.
There’s a New Framework for Internal Controls: What Boards Need to Know
In this article, Moss Adams partners John Donohue and Denese Cahill review what’s changed and steps banks will need to take to update their internal controls and associated documentation.
Inside Jobs: How to Investigate Internal Fraud
Brian McCormally of the law firm Arnold & Porter LLP describes the steps that boards need to take when investigating internal fraud.
Scandals and Internal Audit: Where Banks Can Do Better
The former president and CEO of the Association of Certified Fraud Examiners looks at widespread weaknesses in internal controls that may impact your bank.
How the New FASB Standard on Revenue Recognition May Impact Banks
Sydney Garmong of Crowe Howarth LLP writes about an important new accounting rule.