Auditing the EDP
Hickman, James R., Independent Banker
Every bank with an in-house computer system is required to perform an annual independent electronic data processing (EDP) or information system audit. If an EDP audit is not performed, it could have a significant effect on a bank's rating during the next regulatory exam.
A bank's board of directors is responsible for ensuring that an adequate independent EDP audit is performed. Bank regulators require banks to establish effective internal controls and management information systems to safeguard information and measure operating performance and profitability.
EDP examinations generally evaluate a bank's internal control systems to ascertain the integrity, reliability and …
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Publication information: Article title: Auditing the EDP. Contributors: Hickman, James R. - Author. Magazine title: Independent Banker. Volume: 44. Issue: 11 Publication date: November 1994. Page number: 42+. © 2002 Independent Banker. Provided by ProQuest LLC. All Rights Reserved.
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