Remove Authorization Remove Corporate Governance Remove Evaluation Remove Risk Management
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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008. Failing to implement an ERM program under these circumstances is negligence.

Banking 98
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Audit Checklist for SOC 2

Reciprocity

The scope of your SOC 2 audit typically addresses infrastructure, software, data, risk management, procedures, and people. Processing integrity: System processing is complete, valid, accurate, timely, and authorized to meet your service organization’s objectives. Vendor management programs. Regulatory oversight.

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