An EU Framework for Cross-border Crisis Management in the Banking Sector, Commission Staff Working Document SEC (2009) 1407 resource Standards and Guidelines OCEG Reviewed
From the Commission of European Communities.
An Overview of International Financial Reporting Standards, Deloitte resource Tools / Templates OCEG Reviewed
International Accounting Standards (IASs) were issued by the IASC from 1973 to 2000. The IASB replaced the IASC in 2001. Since then, the IASB has amended some IASs and has proposed to amend others, has replaced some IASs with new International Financial Reporting Standards (IFRSs), and has adopted or proposed certain new IFRSs on topics for which there was no previous IAS.
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Are You Prepared to Release Hitherto Undisclosed Information? (2008) resource Articles OCEG Reviewed
Board members are paying more attention than ever before to the issue of tax reserves attention that is now intensifying as public companies prepare their 2007 financial statements for publication and SEC filing with annual reports.
The reason is FIN 48, prescribed by the Financial Accounting Standards Board, which not only mandates new procedures for consistent application in determining the amount of tax reserves commencing in 2007, but also requires, for the first time, separate disclosure of such reserves in financial statements.
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Audit Quality Framework, The (UK, FRC, 2008) resource Guides OCEG Reviewed
This Audit Quality Framework is designed to support effective communication between auditors, audit committees, preparers, investors and other stakeholders on audit quality. The Framework has been prepared following extensive consultation on the FRC’s publication, Promoting Audit Quality, issued in November 2006.
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Audit Software Provider ACL Services Joins Open Compliance & Ethics Group Technology Council- OCEG News
news
VANCOUVER, CANADA – November 29, 2007 - ACL Services Ltd., a leading global provider of audit analytics technology, is pleased to have joined the Open Compliance & Ethics Group (OCEG) as a member of OCEG’s Technology Council.
OCEG helps organizations align their governance, compliance and risk management activities to drive business performance and promote integrity.
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Authority to Require Supervision and Regulation of Certain Nonbank Financial Companies (2011) resource National Regulations OCEG Reviewed
SUMMARY: Section 113 of the Dodd- Frank Wall Street Reform and Consumer Protection Act (the ‘‘Dodd-Frank Act’’) authorizes the Financial Stability Oversight Council (the ‘‘Council’’) to require a nonbank financial company to be supervised by the Board of Governors of the Federal Reserve System (the ‘‘Board of Governors’’) and be subject to prudential standards in accordance with Title I of the
Bank for International Settlements (BIS) resource Organizations & Associations OCEG Reviewed
The Bank for International Settlements (BIS) is an international organisation which fosters international monetary and financial cooperation and serves as a bank for central banks.
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Basel Committee on Banking Supervision resource Organizations & Associations OCEG Reviewed
The Basel Committee on Banking Supervision provides a forum for regular cooperation on banking supervisory matters. Its objective is to enhance understanding of key supervisory issues and improve the quality of banking supervision worldwide. It seeks to do so by exchanging information on national supervisory issues, approaches and techniques, with a view to promoting common understanding. At times, the Committee uses this common understanding to develop guidelines and supervisory standards in areas where they are considered desirable.
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Basel Committee on Banking Supervision, Principles for Sound Liquidity Risk Management and Supervision (2008) resource International Materials OCEG Reviewed
This guidance focuses on liquidity risk management at medium and large complex banks, but the sound principles have broad applicability to all types of banks. The implementation of the sound principles by both banks and supervisors should be tailored to the size, nature of business and complexity of a bank's activities.
Basel Committee on Banking Supervision, September 2008
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BIS, Compliance and the compliance function in banks (Basel Committee on Banking Supervision, 2005) resource White Papers OCEG Reviewed
As part of its ongoing efforts to address bank supervisory issues and enhance sound practices in banking organisations, the Basel Committee on Banking Supervision is issuing this high level paper on compliance risk and the compliance function in banks. Banking supervisors must be satisfied that effective compliance policies and procedures are followed and that management takes appropriate corrective action when compliance failures are identified. The paper provides basic guidance for banks and sets out banking supervisors’ views on compliance in banking organisations.
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