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The Volcker Rule: What Should Auditors Do?
Author(s) -
Guyader Louis P.
Publication year - 2014
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.21956
Subject(s) - audit , accounting , task (project management) , business , compliance (psychology) , economics , management , psychology , social psychology
The Volcker Rule is aimed at eliminating proprietary trading by deposit‐taking banks. The best hope for the rule is that their auditors will be able to assess and verify compliance with it. And auditors have an excellent toolkit that they can bring to the task. This article provides some preliminary steps auditors might consider in the first year of the Volcker Rule.