New Guidance on Auditing Capital Adequacy
In the wake of ongoing global financial crises, the Basel Committee on Banking Supervision strengthened guidelines on capital adequacy that, if met, should help banking institutions weather changes through market shifts.
The IIA’s new Practice Guide “Auditing Capital Adequacy and Stress Testing for Banks” covers key concepts that allow financial services auditors to effectively assess an institution’s preparedness to withstand market shifts based on how well they are capitalized.
IIA members are invited to download this guidance and all guidance as a benefit of membership. Nonmembers may purchase Supplemental Guidance by visiting the IIA Bookstore.