Audit Procedures for Financial Institutions

Audit Procedures for Financial Institutions

A financial institution audit is a routine check of its services to ensure compliance with legal and industry standards. Hence, the audit procedure is a standardized process set up by banks to assess their level of compliance with relevant rules and regulations. Also...
Top 10 Risk and Compliance Trends for 2023

Top 10 Risk and Compliance Trends for 2023

With the rapidly growing digital revolution, financial institutions have undergone a significant technological change to meet demands from increasingly sophisticated customers and global competition. Hence, it is crucial to know what should be your risk and compliance...
HMDA Reporting: What You Need To Know

HMDA Reporting: What You Need To Know

The Home Mortgage Disclosure Act (HMDA) is a federal law that requires lenders to report certain information about their mortgage loan applications to appropriate authorities. This regulation applies to banks, savings associations, credit unions, or other institutions...