Banking Review: Spring 2010

PricewaterhouseCoopers' Banking Review shares a Canadian perspective on the challenges and opportunities facing the banking and capital markets sector. This edition features the following articles:

• State of the internal audit profession study
• 2009 Global Economic Crime Survey
• Tax risk management in an increasingly transparent world
• Balancing quality, risk and cost – Test profiling

State of the internal audit profession study

The world in which internal audit operates continues to change. Industries, economies, and regulatory environments were altered forever by the crisis of 2008-09. In the past year, we have moved from economic crisis to cautious optimism; however, many of the fundamental causes of the recession have not been addressed. Consequently, more change is likely.

State of the internal audit profession study (92 KB) Download the full PDF article.

2009 Global Economic Crime Survey

During difficult economic times, the incentive to commit fraud increases while the focus on fraud detection, prevention and investigation generally diminishes. It happens in every sector and the banking industry is no exception. According to our 2009 Global Economic Crime Survey of over 3,000 executives from 54 countries, economic crime has risen to its highest level in the past six years.

2009 Global Economic Crime Survey (38 KB) Download the full PDF article.

Tax risk management in an increasingly transparent world

Through increased globalization of financial services businesses, intercompany transactions continue to grow in size and complexity as services affect more affiliates and branches. On the one hand, tax authorities are being aggressive to tax their ‘fair share’, while on the other hand they are increasingly collaborating to keep pace with the business changes and tax consequences.

Tax risk management in an increasingly transparent world (106 KB) Download the full PDF article.

Balancing quality, risk and cost – Test profiling

The past decade has seen institutions move away from the fallacy that you must and can test everything. Why? Because it can’t be done, it costs too much to try and it doesn’t produce the intended benefits in quality. Of all the disciplines required to deliver a successful project, testing represents one of the largest cost-saving opportunities.

Balancing quality, risk and cost – Test profiling (63 KB) Download the full PDF article.

Banking Review: Spring 2010 (1.51 MB) To read all of the articles above, download this PDF.