Committees : Audit
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.
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.
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.
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.
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.
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.