Board Oversight: Post Compliance Exam Activities
Course Number: ABA
Course Code: ABA
Explores a bank board’s key responsibility for reviewing the findings from a compliance examination, as delivered in the Report of Examination. This includes ensuring that a bank examines, summarizes, and explains report findings to the board in a timely manner.
Duration: Approximately 5 minutes
Created: September 2018
What You’ll Learn
After successfully completing the course, you will be able to:
-Describe the categories of compliance exam issues that are used to address exam findings
-Explain how the action plan is used to list exam deficiencies and how they will be fixed
-Explain the process of having a compliance exam debrief and discussion on regulator expectations
Audience: For members of a bank's board of directors.