Committees : Audit
Is Your Bank Ready for CECL?
Bank directors need to consider vital questions to make sure their bank is ready for a major accounting change.
The Board’s Role in the Transition to CECL
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.
Adapting to CECL: Beyond the Accounting
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.
Compliance Costs: How Does Your Bank Compare?
Fed survey details the average costs of compliance based on the size of bank.
Top Trends Impacting Audit Committees in 2016
Here's a rundown of some of the changes happening inside bank audit committees this year.
Three Critical Challenges for Bank Audit Committees
As the effects of the banking crisis continue to recede, regulatory agencies have shifted their focus.
The Five Critical Attributes of Effective Cybersecurity Risk Management
The size, complexity and ever-evolving nature of cyberattacks mean there’s no one-size-fits-all way to respond.
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.
FASB’s New Standards for Financial Instruments: What Banks Need to Know
Crowe Horwath’s Sydney Garmong writes about accounting changes that impact banks.
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.