Banks, credit unions and financial institutions must undergo a strenuous review of procedures and practices, just as public companies must submit to official audits. As part of this process, banks ...

Across the globe, banks are facing major issue with digital banking, cyber security, regulatory audit and compliance issues. Further, any lapses found during internal / external or regulatory audit of ...

\xa0Banks are the lifeblood of any economy, managing vast sums of money, facilitating the transfer of funds between savers and borrowers, investment, and driving economic growth. But in recent years, ...

Click here to view this article as an Adobe Acrobat PDF. The World Bank has changed the name of its Operations Evaluation Department, but it doesn’t mean to change its ways. The new sign on the door ...

“With globalisation and increasing complexity of the financial system, audit as a public good has become vital for a sound, stable and vibrant financial system.” These were the words of Reserve Bank ...

ATLANTA - An independent audit of two secret bank accounts in the city of College Park confirmed the findings of a recent I-Team investigation. Auditors found mishandling and misappropriation of ...

Detroit — A new independent audit of the Detroit Land Bank Authority's accounting practices turned up concerns over vendor payments, demolition records to back up costs and weak internal controls. The ...

The Federal Board of Revenue (FBR) has termed confidentiality law or secrecy clause in banking laws as a major impediment to the forensic audit of banks for which State Bank of Pakistan (SBP) can play ...

This title highlights the bank’s invitation for external auditors to conduct detailed concurrent audits covering multiple operational and risk-sensitive areas. The RFP outlines eligibility ...

Six crisis-hit banks are sending their managing directors (MDs) on three-month leave as the central bank commissions forensic audits into the lenders. The banks are: First Security Islami Bank, Social ...