Committees : Audit
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.
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.