Financial Services Audit News

Banks Fail Basel

Banks Fail Basel

Twenty percent of Europe's biggest banks would have failed to meet global capital standards if they had kicked in last year, new research shows.

COST OF A BREACH

The Cost of a Breach

The average per capita cost of a data breach is down, from $214 per record to $194, since 2011's report, according to the latest Ponemon Institute study.

Signing Job Act

Internal Controls Matter

The recently passed JOBS Act delays the internal controls reporting and audit requirements for small companies put in place in 2002.

Credit Card Safety

Credit Card Safety Breach

Global Payments’ credit card security breach is the latest in a string of credit-card-security failures that are plaguing corporate America.

In-Depth Features

Auditing the Consumer Complaints Process
Assessing the effectiveness of an institution’s consumer complaint resolution process can help identify potential internal control deficiencies and regulatory compliance risks.

Understanding Non-cash Payment Processing – Part 1
As payment channels emerge, change, are adopted, or fade away, the associated risks also change, making it increasingly challenging to assess the impact on the risk/reward equation.

Compliance Corner

FinCEN clarifies currency transaction reporting aggregation rule, new mortgage servicing standards surface from historic $25 billion settlement, payday lending compliance examination procedures, and CFPB finalizes rules for remittance transfers.

Audit Programs

Practical programs to help financial services auditors in their day-to-day activities. Have a program you'd like to share? Send it to the editor.

FSA Buzz

Chairman's Message
& Discussion Board

Read this issue's Chairman's Message or ask questions or share your thoughts about an issue with other FSA members via The IIA's Discussion Board.