Federal Financial Institutions Examination Council members on Tuesday released a revised management booklet, which is part of the “FFIEC Information Technology Examination Handbook.” The NCUA is a member of the FFIEC.
The booklet, which includes IT examination procedures, was substantially revised, the FFIEC said in a release. It outlines the principles of sound governance and IT governance, and explains how IT risk management relates to enterprise-wide risk management and governance.
The updated examination procedures assist examiners in evaluating IT governance as part of overall governance and IT risk management as part of enterprise-wide risk management, both tailored specifically to financial institutions.
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