White Papers

Documents

Chief Audit Executives – Transition from Backroom

The Chief Audit Executives (CAE) roles and responsibilities are undergoing a significant enrichment to counter modern day challenges and regulatory requirements. CAEs are required to enrich their traditional skills with additional performance components to perform at elevated levels.

Quality Assessment Review – what, why and how?

External Quality Assessment (QA) Reviews have received examiners’ attention during recent Regulatory Examinations. Hanagrove has written a whitepaper titled: “Quality Assessment Review – what, why and how?”, to explain the mechanics of a QA review.

External Audit Co-Sourcing

Hanagrove LLC (Hanagrove) has assembled a team of professionals with a combination of Big Four and fortune 100 backgrounds in our Center of Excellence in Noida (New Delhi), India. When utilizing our Center of Excellence on an engagement, we are able to provide a team of highly qualified professionals in a timely, flexible and cost efficient manner.

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Iranian Sanctions Program White Paper

On July 1, 2010, President Obama signed a law which tightens U.S. sanctions against Iran. The Comprehensive Iran Sanctions, Accountability and Divestment Act of 2010 (CISADA) requires U.S. banks to determine if foreign institutions for which they maintain correspondent or payable-through accounts facilitate transactions which support the Iranian petroleum sector. CISADA requires the Treasury Department to implement regulations, which may include an audit of the other activities in which such foreign institutions engage, to determine if they violate the sanctions outside of the account relationship. Foreign institutions which are found in violation may not maintain accounts based in the U.S.

Manish Mandhyan from Hanagrove and Tony Dandola from ICS Compliance have written a White Paper on the requirements dealing with Iran and correspondent financial institutions. This will be especially important to foreign banks operating in the United States.

3 Dimentional Approach To Internal Audit

The proposed "Dodd-Frank Wall Street Reform", the Consumer Protection Act, and Basel III have put us in a defining moment in our history. The Legislators and the Central Banks around the world are endeavoring to put the global economy back on track. On one side, these changes are presenting opportunities, particularly for professionals in Governance, Risk, and Compliance (GRC), and on the other side, forcing the audit profession to undergo a major introspection of its existing model.

In this white paper Mr. Ahmar Azam, Partner & President Hanagrove has explained a three dimensional approach to internal audit, providing tools to help internal auditors become more effective while meeting the expectations of stakeholders within the limited available resources.