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Fintech Pressure on Internal Audit

Banks have long outsourced certain audits, but banking-fintech relationships are new ground. Brandi Reynolds discusses a persistent problem in bank internal audit departments and offers a path forward. Co-sourcing or outsourcing certain internal audits is nothing new to bank internal audit departments. In the 1980s, IT/MIS (management information systems) functions started growing in sophistication, and all but the largest banks...

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