This Audit Policy Template 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
Recent updates to this product:
OCC Bulletin 2023-20 – Asset Management: Updated Comptroller’s Handbook Booklet and Rescissions
This Audit Policy Template (approximately 54 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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