Examiners expect your bank to have an effective internal audit program in place. Will you be ready when they show up?
An effective internal audit strategy means more than just satisfying examiners, however. In today’s complex and evolving banking environment, it requires a risk-based approach designed to clearly identify risks and weaknesses so that you can remedy them quickly. This requires a strategy that moves beyond simple compliance, becoming an essential part of your enterprise risk management process that provides true value to your financial institution.