Contributor : Sal Inserra
To prepare for the future, bank audit and risk committees should review and reconsider how the pandemic altered business operations and the control environment.
Banks need to strengthen their internal controls to meet today’s unique challenges.
As the effects of the banking crisis continue to recede, regulatory agencies have shifted their focus.
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.
Audit committee members share their experiences, uncertainties and pearls of wisdom during Bank Director’s Audit Committee Peer Group session.