Exams or Audits

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Welcome to the Exams and Audits Community. Here you will find the latest discussions and resources that can help you in this area. Use this community to discuss best practices, trends, how to prepare, and more. Note: You will need to Sign In to join in the discussions and access resources. 

About Third-Party Risk Exams and Audits: Exams and audits have vendor management components. Understanding ways to adequately prepare for an upcoming exam or audit is critical. You must understand what the examiners and auditors expect, how to prepare documentation you’ll share with them, who should be involved, and how best to follow up on their exam findings so that the same mistake doesn’t happen again.

Latest Discussion Posts

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    RE: Fair and Responsible Banking program

    By: Larry Timmins , 13 days ago

    @Alesha Briley - wonderful use of the 3LOD and its breakdown. Agree with conclusion (practical approaches). While 3LOD is "replaced" with continuous risk management, it was the universal awareness of everyone's role related to risk, accuracy, completeness, ... More

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    RE: Fair and Responsible Banking program

    By: Alesha Briley , 14 days ago

    Hi Dora! I have worked at two small banks and one mid-to-large non-depository mortgage lender in compliance and fair lending, so I am using those institution experiences for my answer. 3 Lines Structure At each institution: Second ... More

    2 people like this.
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    Fair and Responsible Banking program

    By: Dora Vigil , 18 days ago

    I am looking to benchmark how other institutions structure their fair and responsible banking fair lending review function within three lines of defense model. Do you house Fair Lending within the second line of defense, and if so, how independent ... More

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    RE: IT Auditor

    By: Megan Lawrence , 4 months ago

    We are on our second year with TraceSecurity and have been extremely pleased with them. We have them conduct our IT Audit and External Pen Testing annually and Internal Pen Testing every 18 months. We also have them do an independent IT risk assessment ... More

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    RE: IT Auditor

    By: Anonymous Member , 4 months ago

    This message was posted by a user wishing to remain anonymous My bank utilized RSM for years for IT Audit and moved away for a couple of years to another firm and decided within those 2 years we truly needed to go back to RSM. They are the best to ... More

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