What is AI Auditing and Why Does It Matter?
An AI audit framework helps you navigate the risks, governance, and controls of artificial intelligence systems. Learn about AI auditing best practices.
5 Must-Have Elements of an Effective Audit Program
Executing an effective internal audit in the financial services sector requires these five key elements.
The Redlining Wake-Up Call: Lessons for Mortgage Lenders
Mortgage lenders must take action to address redlining risks and ensure fair lending practices to avoid severe penalties. Learn more.
Critical Components of an Effective Incident Response Plan
Learn about the critical components of an incident response plan and ensure you’re taking the necessary steps to protect your financial institution.
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.
How to Conduct a Root Cause Analysis
Step-by-step guide to conducting a root cause analysis to identify and correct the source of compliance violations
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.
7 Must-Have Features in a Board Portal Solution
What financial institutions should look for in a board portal solution.
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.
Flood Insurance: Compliance Tips for Avoiding Costly Penalties
Flood insurance always comes across as a simple regulation, yet we need to remember these compliance tips for avoiding costly penalties.
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.
Ncast Podcast Launches with Remote Exam & Cyber Risk Discussion with ABA’s Paul Benda
Today we’re excited to announce the launch of our new weekly podcast, the Ncast! The Ncast Podcast launches with Remote Exam & Cyber Risk Discussion
Inside USAA’s CRA Rating Downgrade and $85 Million Penalty
USAA’s CRA rating was downgraded after the OCC found llegal credit practices which cost USAA $85 million in penalties.
Audit Management Is Evolving. Are You Keeping Up?
Audit management programs have been predictable and formulaic for most of banking’s history. However, things are evolving, is your financial...
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.
Does Your FI Need an Audit Committee?
Does your FI need an audit committee as a regulatory requirement or just a best practice? It depends on the size and type of your FI.
Improve Your Audit Plan With 5 Key Risk Management Principles
It can be hard to figure out where an audit plan should begin. Here are five key risk management principles to focus on to improve your audit plan.
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.
7 Tips For Making Your Complaint Program More Effective
Read on for seven tips to make your complaint management program more effective.
Ncontracts Successfully Completes Another SSAE 18 Audit
Ncontracts Successfully Completes Another SSAE 18 Audit
How Many Complaints Did Your Institution Get Last Year?
Consumer complaints are a part of doing business.
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