Q&A: Understanding IT Audits at Financial Institutions
Audit expert explains IT audit goals, how to work with IT to understand cybersecurity, and tips for artificial intelligence (AI) auditing.
The Evolving Audit: 4 Changes You Need to Make to Your Audit Program
In response to quick and radical changes in strategic planning and operations, a nimble audit program is critical and requires these four key changes.
Are Your Auditors the G.O.A.T.?
Serving as your third line of defense, auditors play a critical and proactive role to ensure that you are adequately protected against known risks while...
Ncontracts Launches New Integration to Support Internal Audit Teams in Financial Institutions
Press Release: Ncontracts launches it's latest integration between Nfindings and Nverify to support internal audit teams in financial institutions.
5 Ways Boards Can Support Internal Auditors
Here are 5 ways the board can support the internal audit function at banks, credit unions, and other financial companies.
6 Features to Look for in a Findings Management Solution
A good findings management solution can guide you through the findings process to ensure nothing is forgotten and overlooked—reducing the risk that an...
6 Features to Look for in an Audit Management Solution
Many financial institutions are turning to an automated audit management solution to digitize the audit process to improve efficiency and reduce risk.
Should Your Internal Auditor Be a Subject Matter Expert?
An internal auditor does not need to be a subject matter expert. They should be smart, independent, and a strategic thinker.
Mortgage Company Sued by CFPB After Ignoring Compliance, Audit Warnings & a Whistleblower Complaint
The CFPB is suing a mortgage company in CT for engaging in unlawful mortgage practices that allegedly violated the TILA, FCRA, ECOA, MAP Rule, and CFPA.
3 Ways Automation Can Streamline Audit Management Programs
While there’s not much an auditor at a financial institution can do to decrease the number of audits, it is possible to free up time if you...
Internal Audit Failures Costs JP Morgan $250 Million
JP Morgan failed to maintain adequate internal controls and internal audit over its fiduciary business and it cost them $250 million.
What Makes A Good Audit Trail?
All financial institutions need a good audit trail. Here are six tips to ensure that your FI’s audit trail will be effective.
Internal Audit 101: Audits vs. Compliance Reviews
The difference between audits versus compliance reviews. Both require expertise and surface systemic issues. But there are several key differences.
Ncontracts Launches New Automated Audit Management Tool, Nverify
Brentwood, TN., July 01, 2020. Ncontracts is excited to announce the launch of its much-anticipated audit management tool, Nverify.
Ncontracts Successfully Completes Another SSAE 18 Audit
Ncontracts Successfully Completes Another SSAE 18 Audit
Bank Audit
A bank audit is a routine procedure designed to review the services of financial institutions to ensure they are in compliance with laws and industry
Findings on Findings on Findings: Guess Whose Audit Uncovered Over 2,000 Findings?
If you think tracking findings is challenging, try being the Pentagon. The Department of Defense underwent its first-ever full financial audit - the resuls
Audit Findings
What are financial audit findings and why are they important to financial institutions? This explanation tells you everything you need to know and more.
7 Tips for How to Respond to Bad Compliance Exam Results
Compliance exams are stressful and challenging to endure. In this post, we will share 7 experience-tested tips for how to respond to a bad compliance exam.
Compliance Emergency Room - Tracking Exam and Audit Findings
Your latest audit just revealed findings. What now? It's time to triage them in your compliance emergency room. What's that? Read more to find out.