Presidential elections are always a cause for concern for the banking industry, but things have not been as concerning in the past few decades as they are right now. There are many industries which are severely impacted by elections...

The Ensuring Integrity: The 13th Annual Audit Conference took place in December of 2018. The conference is attended by experts, innovators, leaders, students, and businesses. These stakeholders discuss the challenges being faced by au...

Businesses today are more productive than they were ever before, largely thanks to technology. The pace of business has increased exponentially. We can see this in every industry around us. It used to take multiple days to complete ba...

Internal audits are a very common occurrence in businesses. Operational audits, however, are rarer. These audits can deliver wider-ranging benefits compared to internal audits, but take more effort to carry out, which is a major reaso...

Banks have always needed to manage regulatory change management to ensure that they were complying with the latest banking regulations. However, banks now need to be more flexible than they were before, thanks to the nature of upcomin...

Third party risk management can be a very frustrating part of the business. Vendors are absolutely crucial to business operations, but they operate independently, which makes them an uncontrollable factor for management. Businesses t...

1 – Better Audit Scheduling Management Audit scheduling is completely automated by internal audit software for banks. There is a display that shows all the audits that have been scheduled. When an internal audit is nearing its sched...

Cyber security management is often a complicated subject for small to mid-sized businesses. Large organizations have dedicated cyber security departments and teams, but small businesses cannot afford a dedicated cyber security team. T...

Managing compliance risk in banks is an important objective of management but having the wrong culture makes it hard to achieve improvements in compliance levels. Management can focus on compliance, create strategies to improve regula...

Third party risk management is often tougher for organizations to manage when compared to internal compliance. It is tougher because of a very simple reason; the vendors are not in the organization’s control. It is easy to train and...