Home
Solutions
Products
Pricing
Resources
Request Demo
Start Free
Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo
StateStorm

Weekly Updates

LegiStorm is constantly adding new information on the people, places and reports in our database. In the past week, LegiStorm added:

  • 1315 new people
  • 107 new organizations
  • 1149 new photos
  • 1999 job history records for people in our database
  • 713 education records for people in our database
  • 3184 contact addresses, emails and URLs (LinkedIn, Facebook, etc.)
  • 1 new person through the revolving door
  • 132 new policy reports
  • 15 new trips to our privately funded travel database
  • 356 new personal financial disclosures
  • 9208 new press releases
  • 5 new town halls
  • 37 new hearings

Caught Our Eye Rss

» More from Caught Our Eye
» More from our DevBlog

Audit Committees: Legislation Needed to Strengthen Bank Oversight

  Premium   Download PDF Now (18 pages)
Report Type Reports and Testimonies
Report Date Oct. 21, 1991
Report No. AFMD-92-19
Subject
Summary:

Audit committees play an important role in the corporate governance of banks. Their responsibilities include reviewing financial statements and important accounting policies; supervising the audit activities of the internal and external auditors; and monitoring bank internal controls. Typically, audit committees are comprised of several of a bank's outside or nonmanagement directors. GAO studied the audit committees of the largest U.S. banks to assess the extent to which they had the necessary independence, expertise, and information on bank operations to effectively perform their corporate governance functions. GAO found that many of the committees lacked the independence and expertise necessary to properly oversee bank operations. To improve bank oversight, GAO reaffirmed earlier recommendations for legislation that would strengthen the role played by bank audit committees.

« Return to search Government Accountability Office reports

HomeAbout Us Contact UsPrivacy PolicyTerms of UseJoin Us
© LegiStorm
LegiStorm
2101 L St. NW, Suite 300
Washington, DC 20037
(202) 360-4172 / congress@legistorm.com