Audit Policy
This Audit Policy addresses the risk management of a well-planned and properly structured Audit Program of a bank, credit union, fintech company, or other type of financial institution that is an essential component to effectively monitor the organization’s risk management and internal control systems. In general, the internal and external audit programs are designed to be a critical defense against fraud and provide vital information to the Board of Directors regarding the effectiveness of the financial institution’s internal control systems.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Definitions – Topic 3
- Risk Management – Topic 4
- Board of Directors and Senior Management Responsibilities – Topic 5
- Audit Committee Responsibilities – Topic 6
- Audit Officer Responsibilities – Topic 7
- Outsourced Audit Oversight Responsibilities – Topic 8
- Internal Audit Guidelines – Topic 9
- External Audit Guidelines – Topic 10
- Annual Independent Audit and Reporting Requirements – Topic 11
NOTE: We are currently revising this product in response to the The Institute of Internal Auditors (IIA) “Global Internal Audit Standards” that is effective January 1, 2025. We highly recommend when purchasing this product to add a Product Update Protection Plan to your shopping cart to ensure you receive the updated product when it is released.
This Audit Policy (approximately 54 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
Product Update Protection Plan
The Product Update Protection Plan is a great way to keep your bank policy up to date! Simply add it to your cart and purchase it for one year of free updates via email.
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