3 At this year's Jackson Hole Economic Policy Symposium hosted by the Federal Reserve Bank of Kansas City, discussion was centered on the rise of big tech companies and the effects of intangible assets on the macroeconomy. https://www.kansascityfed.org/publications/research/escp/symposiums/escp-2018 4 In Japan, Sawa [1982] popularized this through his short book.
A number of community banks do not have a permanent internal audit department. Recognizing this, each community bank must develop a review (audit) function that is appropriate to its size and the nature and scope of its activities. As you may know, COSO is just about to release a revised framework that will incorporate enterprise risk management (ERM).