Auditors’ Implementation of PCAOB Fraud Standards, Public Company Accounting Oversight Board
The PCAOB issued a report that discusses auditors' implementation of PCAOB interim standards regarding the auditor’s responsibility with respect to fraud.

OCC Consumer Advisory: Avoiding Cashiers Check Fraud,  BankInfoSecurity
Cashier’s checks are viewed as relatively risk-free instruments and, therefore, are often used as a trusted form of payment to consumers for goods and services.  However, cashier’s checks lately have become an attractive vehicle for fraud when used for payments to consumers. Requires free registration.

Bill cuts CTUs for 'seasoned customers', InvestmentNews
The House of Representatives overwhelmingly approved legislation that will help to relieve financial institutions from having to file Currency Transaction Reports for so-called “seasoned customers”.

Internal Auditors Can Contribute to Corporate Social Responsibility, Social Funds
New studies point to need for training to bridge risk management, business strategy, and CSR trends.

What Keeps Bankers Awake at Night? - Risk Management, CFO.com
The more people worry about risks within the financial system, the better.

‘Failed Business Processes’ Lead to Security Threat, Banking Strategies Retail Delivery Insights
In the ongoing war against online fraud, which poses a greater threat to financial institutions: skilled hackers or the banks’ own business processes?

Strategic Planning in Volatile Industry Conditions, U. S. Banker
Banking industry executives struggle with strategic planning during volatile industry conditions. Devising sound strategies that accommodate the unknowable can be frustrating. To quote Yogi Berra, "the future ain't what it used to be."

Third Annual Bank Director Board Performance Awards, Bank Director Magazine
Three boards honored for maintaining the highest standards in governance, strategic vision, and courage.

Complex Structured Finance Activities Interagency Statement on Sound Practices for Activities With Elevated Risk,  BankInfoSecurity
The Final Statement describes the types of internal controls and risk-management policies and procedures that the agencies have found to be useful in identifying, managing and addressing the potentially heightened legal or reputational risks that may arise from certain complex structured finance transactions. Requires free registration.

Sarbanes-Oxley Has Worked, TheStreet.com
The idea that the IPO market has shrunk in the U.S. because firms don't want to comply with Sarbanes-Oxley and are going overseas is a "red herring," Jim Cramer said on the Wall St. Confidential.

PCAOB’s Chairman On Costs Of Regulation, 24/7 Wall St.
Mark Olson shares his thoughts on the costs of regulation at a recent speech.

Streamlining Corporate Governance Through Control Rationalization, Deloitte & Touche
Streamlining Corporate Governance Through Control Rationalization
Since passage of the Sarbanes-Oxley Act in 2002, addressing
compliance issues and managing risk have become increasingly
complex, costly and even redundant concerns for many domestic and
foreign public companies doing business in the U.S.

Sarbanes-Oxley: Good vs. Bad Debate Continues, Sarbox Survival Guide
A Business Week story declares that investors love the corporate reform law. Well, maybe love is too strong a word. The point is, they like the changes Sarbox has wrought.

Best Practices: Seven Strategies for Compliance Change Management, IT Compliance Institute
To ensure the integrity of systems storing regulated data, as well as the attendant IT policies and procedures, companies are increasingly adopting change management practices.

2007 Bank Technology Forecast: Challenges and Opportunities, Bank Systems & Technology
TowerGroup predicts big year for fraud detection, security, analytics and SOA technology.

Voice and Wireless Communications Present Unique Security Challenges, Regulators Say,  BankInfoSecurity
Banking via telephone and wireless mobile devices has become an important delivery channel for financial institutions. As with Internet banking, telephones and wireless devices afford great convenience for bank customers, but unfortunately they too are prone to phishing and other forms of attack. Requires free registration.

“Storm” Trojan mounts worst malware threat in 20 months, IT Compliance Institute 
More than 1.6 million infections were reported in only five days

The CIO Profile, Forrester Research 
Although CIOs have more access to the business than they did even a year ago, their background and time management choices have typecast them as technology specialists. Most business users view the CIO as a technology expert, and CIOs spend most of their time reinforcing this perception by focusing on technology issues.

As Deadline Passes, Some Banks Going Beyond Compliance Guidelines, BankInfoSecurity
With the deadline passed for compliance with the Federal Financial Institutions Examination Council (FFIEC) guidelines, financial institutions are seeking cost-effective strategies that meet or exceed meeting regulatory and customer expectations. Requires free registration.