Authorities on Risk Assurance
The Shared Assessments Blog
Posts By: Bob Jones
The prevailing law addressing bank security is the Bank Protection Act of 1968. In 1978 the operative regulation implementing the Act was Regulation P.
In my previous blog, The SIG – The Swiss Army Knife of Risk Assessment, I commented on the versatility of the SIG, the Shared Assessments Program’s Standardized Information Gathering questionnaire. This month I want to discuss its complementary, on-site assessment tool: the Agreed Upon Procedures (AUP). If the SIG is the “trust” component of the […]
In 2005, the Shared Assessments program was born to serve the financial services industry and its major service providers. The intent was to achieve economies of scale by sharing the expense and time in conducting on-site assessments. A group representing six major banks and the Big Four accounting firms met to draft an on-site assessment […]
Talk about a teaching moment! The theft of highly classified information from the National Security Agency by Booz Allen Hamilton employee Edward Snowden brings front and center issues that outsourcers and their service providers face every day: Do I have in place policies, procedures, and systems that adequately protect my customers’ information and my organization’s […]