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2019 audit committee outlook for banking

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Withdrawing money from bankHighly disruptive market, regulatory and technology trends will continue to transform the banking industry in 2019. In addition to federal actions on interest rates, taxation and regulations, the industry is experiencing dramatic change in the competitive environment. Issues like the implications of the Wayfair decision for regional banks, the impact of key tax reform provisions, the rising rate environment, disintermediation of banking services, and increasing responsibilities and risks for audit committees shaped 2018.

These new taxes, accounting rules and risk strategies are challenging audit committee members to be more engaged than ever.

Grant Thornton’s audit committee outlook for banking institutions is intended is to help you learn more about developments related to your role. Our goal is to provide you a high-level review of current concerns facing this sector in order to help you focus on areas that may need increased insight.

Download our 2019 Banking Audit Committee Outlook to understand how recent and near-future developments will impact corporate financial reporting and disclosure.