United States: OCC Updates The Comptroller's Handbook On "Corporate And Risk Governance" And "Internal And External Audits"

The Office of the Comptroller of the Currency ("OCC") updated the "Corporate and Risk Governance" and "Internal and External Audits" booklets of the Comptroller's Handbook.

Updates to the booklets include:

• relevant OCC issuances and auditing standards;
• the integration of federal savings associations into specific regulations;
• clarifications of supervisory guidance and sound risk management;
• clarifications of the responsibilities of banks' boards and managements; and
• revisions of content for general clarity.

The "Corporate and Risk Governance" booklet was fully revised.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.