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Tag Archives: Audits

IndiSoft Rebrands Technology Platform to Sunesis

IndiSoft, a technology development firm that specializes in systems for the financial services industry, announced it has rebranded its module-based RxOffice technology platform to Sunesis, an enterprise-wide platform providing more flexibility in work processes. With Sunesis, which means the confluence ...

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New ‘Audit the Fed’ Bill Calls for Full Transparency from Central Bank

U.S. Senator Rand Paul (R-Kentucky) has reintroduced bipartisan legislation that calls for more transparency from the U.S. Federal Reserve Board of Governors, according to an announcement on Paul's website. The Federal Reserve Transparency Act of 2015, or S. 264, commonly known as Audit the Fed, calls for elimination of the restrictions placed on the Government Accountability Office (GAO)'s audits of the Fed. The bill also mandates that several divisions of the Fed be subject to Congressional oversight, including credit facilities, securities purchases, and quantitative easing activities.

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Compliance Critical: Field Manager Vendor Management Process Audits

The Office of the Comptroller of the Currency states explicitly in an October 2013 bulletin guidance for risk management that it "expects more comprehensive and rigorous oversight and management of third-party relationships that . . . could cause a bank to face significant risk if the third party fails to meet expectations."

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