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Director's Examinations for Financial Services Industry


  • Meets regulatory requirement for certain types of banks
  • Relieves bank's directors from time and labor of personal exam of bank
  • Reinforces financial accountability and discipline and regulatory compliance

Who's most likely to benefit:

  • Banks and other financial institutions under $500 million in total assets


An audit team performs certain agreed-upon procedures designed to meet minimum standards that are required for a director's exam. In most director's exams, the team works with management to design additional procedures or services of value to the bank. Such other procedures or services could include:

  • Compliance audits, including BSA or ACH
  • IT general controls review
  • IT vulnerability assessments
  • Social engineering