Your bank directors are ultimately responsible for your bank's activities. While day-to-day business operations are the responsibility of bank officers and employees, bank directors are entrusted with establishing the overall objectives and strategy of the financial institution, which includes responsibility for bank policies and practices. Directors are ultimately responsible for lending, investing, protecting against internal fraud and any other banking activity. A directors' examination can help directors stay informed of a financial institution's condition and policies to help manage liability.
Eide Bailly's risk-based approach to a directors' examination applies certain agreed-upon procedures to selected records and transactions to help you address typical high-risk areas. The engagement is tailored to focus on specific areas of concern to your financial institution. Depending on the needs of your financial institution, a directors' examination may be a more efficient solution than a full financial statement audit.
With former examiners and bankers on staff, we bring real-world experience to every director's examination. Put our knowledgeable team to work for your institution. We provide the personal attention and trusted advice you need to help you manage and implement sound banking practices. By utilizing our focused expertise in the financial institutions industry, we can help you identify your business strengths and opportunities for improvement.
