The Federal Financial Institutions Examination Council's (FFIEC) is a formal interagency body empowered to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions by the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the Consumer Financial Protection Bureau (CFPB), and to make recommendations to promote uniformity in the supervision of financial institutions.
These agencies prescribe regulations and best practices for financial institutions. Schneider Downs is well-versed and experienced in all the various guidance that the FFIEC has released and can assist your organization in achieving compliance within your organization. Topical areas include:
We begin our assessment by working closely with you to understand the current state of your organization in relation to the audit topic. We review previous audit results, examiner comments/ratings and interview management. We then review policies and procedures in relation to the examination guidance from the FFIEC. From there we will dig deeper into the actual business practices and controls related to the audit topic at hand. After this analysis we provide a detailed report outlining considerations such as current gaps and detailed recommendations to close those gaps.
What makes the Schneider Downs process so effective is that our FFIEC compliance assessments are aligned with the FFIEC examiner audit protocol. Through our deep understanding of FFIEC audit protocol we can perform a detailed review of your information technology operations. Our ultimate goal is to assess your organization's compliance with the FFIEC guidelines, identify gaps and provide you with detailed recommendations to effectively close those gaps and ultimately protect customer information.
Seeing is Believing. The Benefits of Data Visualization.read more >
Recertification of PA Act 153 Clearancesread more >
Conducting an ERM Evaluationread more >
Operation Varsity Blues and Internal Auditread more >
Teach a Man to Phish: Six Common Elements of Phishing Scam and How to Spot Themread more >
One PPG Place, Suite 1700
Pittsburgh, PA 15222
65 East State Street, Suite 2000
Columbus, OH 43215
1660 International Drive, Suite 600
McLean, VA 22102