Audit

  • Article | Audit
  • December 7th, 2015

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.

  • Article | Audit
  • November 19th, 2015

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.

  • Viewpoint | Audit
  • October 26th, 2015

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.

  • Article | Audit
  • September 24th, 2015

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.

  • Article | Audit
  • August 18th, 2015

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.

  • Article | Audit
  • June 23rd, 2015

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.

  • Article | Audit
  • May 19th, 2015

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.

  • Article | Audit
  • May 18th, 2015

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.

  • Article | Audit
  • April 10th, 2015

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.

  • Article | Audit
  • February 16th, 2015
  • DirectorCorps

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.