Got Culture? How the Audit Committee Can Help
Connecting the dots between internal audit, legal, human resources and compliance.
Browsing: Internal audit
Fed Proposes Guidance Distinguishing Roles of Bank Boards, Management
The Federal Reserve today issued a proposal to streamline its supervisory expectations for bank boards of directors.
Moran, Tester, Tillis, Heitkamp Introduce Limited Reg Relief Bill
Sens. Jerry Moran (R-Kan.), Jon Tester (D-Mont.), Thom Tillis (R-N.C.) and Heidi Heitkamp (D-N.D.) yesterday introduced the Community Lending Enhancement and Regulatory Relief Act (S. 1002), a package of financial regulatory relief measures targeted at community banks.
Regulators Support Basel Guidance on External Audits for Largest Banks
The FDIC, OCC and Federal Reserve today issued a joint advisory supporting the Basel Committee’s March 2014 external audit guidance for large, internationally active banks and offering recommendations for addressing the differences between U.S. standards and practices and those specified by the Basel guidance.
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.