Internal Audit, COSO Peer Groups Formed

Since the Sarbanes-Oxley Act of 2002, banks have placed increased focus on internal audit. In response to member requests, ABA has formed peer groups for internal auditors and groups for those coordinating implementation of the updated COSO internal control framework.

In addition to discussing technical issues and keeping abreast of current industry and regulatory developments, the groups hold conference calls and provide a membership directory (strictly available to the members of the group) that are useful for networking and getting answers to specific questions. To join either of these peer groups, please contact ABA’s Nora Colbert.