According to a recent study of 187 community banks, 29% of institutions surveyed stated that exam preparation required the most administrative work. Audit preparation (21% of responses) also consumes a considerable amount of resources.
Exam Prep vs. Audit Prep - Which Consumes More Resources for a Community Bank?
Which consumes more resources for a bank: preparing for exams or audits?
First published on 09/01/2014