Review and summarize meetings of the Board of Directors or audit committee.

UCF ID: 01151

Control Type: Process or Activity

Status: Live

Supporting and supported controls

This control directly supports:

Ensure the audit report is complete and includes the scope and work performed. [UCF Control ID 01145]

There are no supporting controls.

Authority documents complied with:

FFIEC IT Examination Handbook – Audit, August 2003, Exam Tier I Obj 2.2; FFIEC IT Examination Handbook – Business Continuity Planning, March 2008, Exam Tier I Obj 2.5; FFIEC IT Examination Handbook – Information Security, Exam Tier I Obj 7.1; FFIEC IT Examination Handbook – Management, Exam Obj 3.2; Financial Reporting Council, Combined Code on Corporate Governance, June 2008, § A.1.4

Banking and Finance Guidance

[Exam Tier I Obj 2.2, FFIEC IT Examination Handbook – Audit, August 2003]

[Exam Tier I Obj 2.5, FFIEC IT Examination Handbook – Business Continuity Planning, March 2008]

[Exam Tier I Obj 7.1, FFIEC IT Examination Handbook – Information Security]

[Exam Obj 3.2, FFIEC IT Examination Handbook – Management]

UK and Canadian Guidance

When the directors cannot resolve a problem about running the organization, they should ensure that the concerns are written in the Board minutes. [§ A.1.4, Financial Reporting Council, Combined Code on Corporate Governance, June 2008]

Metrics

The metrics associated with this control are as follows:

Report on the percentage of Board of Directors or designated committee meetings at which information assurance was on the agenda. [UCF Control ID 01672]