Latest Compliance - Audit Topics

Just days after FDIC Chairman Donna Tanoue urged the industry to tell their success story for Y2K and build customers' confidence in the preparedness of banks, the FDIC dealt itself a blow.

Maybe Kansas; Maybe Oz

Question: Should our audit department be involved in Year 2000 or should that responsibility be outsourced to specialists?

by Andy Zavoina

Federal banking regulators recently released a policy statement reminding bank boards of directors that they must have a means of assessing the effectiveness of their institutions' internal control

FDIC has issued examination procedures that contain detailed guides to the examination and audit process.

As part of its active oversight of the non-deposit investment program, the Board should require - and review the results of - an independent audit.

As part of its active oversight of the non-deposit investment program, the Board should require - and review the results of - an independent audit.

Third Party Agreements

Remember the days when we all called it "consumer compliance"? There was the Consumer Credit Protection Act and all those stories about consumers who needed help.