Overseeing Bank Performance: The Role of Audit
It is impossible for the board of directors to fully understand the technicalities of interest-rate risk, loan quality, accounting, liquidity, compliance, technology, capital adequacy, etc. But, it is their responsibility to oversee these functions. This is the role of audit. The board or audit committee engages a third-party expert in the audit-specific area to report the strengths, weaknesses, and compliance with board-approved policies. This webinar will provide the tools and best practices to oversee performance and will benefit board members, the audit committee, executive officers, and internal auditors. (It will not cover the specifics of an audit, but rather oversight of the audit process.)
Recorded Thursday, February 18, 2016
Continuing Education: Attendance verification for CE credits upon request
- Internal audit
- Interest-rate risk – specifically new regulatory concerns
- Loan quality/loan review/adequacy of the ALLL
- IT audit
- Compliance audit
- Liquidity and liquidity contingency
- Capital and capital planning
- Analyzing the performance of your financial institution
- Strategic planning
- TAKE-AWAY TOOLKIT
- Employee training log
- Quiz you can administer to measure staff learning and a separate answer key
WHO SHOULD ATTEND?
This session is best suited for board members, especially the audit committee, executive officers, and internal auditors. It is particularly designed for outside directors overseeing institution performance.
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.
MEET THE PRESENTER
Gary J. Young is founder of Young & Associates, Inc. During 40 years in consulting and 50 years in the industry, he has assisted hundreds of financial institutions from coast-to-coast with improving shareholder value and profit, establishing effective strategic plans, management assessments, regulatory concerns, budgeting, asset/liability management, expansion planning, and mergers and acquisitions.
Gary is a popular speaker due to his practical and valuable insight and has conducted seminars throughout the United States and in Europe. Gary is on the board of a community bank, manages a bank investment fund, and is a co-founder of Capital Market Securities, Inc., which assists with mergers and acquisitions.