The recent failure of several large banks is expected to bring on tougher federal regulations, particularly for small to midsize banks. With new regulations and stricter scrutiny on the horizon, financial institutions must also contend with existing compliance concerns, including environmental, social, and governance (ESG) requirements, crypto assets, and new forms of technology-driven financial fraud.

Now, more than ever, financial institutions must develop a strong, forward-looking internal controls program to stay ahead of potential risk. AuditBoard's new ebook, Synchronizing Collaboration to Strengthen Internal Controls: A Guide for Financial Services, explores how strategic collaboration across the three lines is essential for an effective internal controls environment in the face of increasingly complex requirements. Download the full guide to learn:

• Areas where financial institutions are expected to face stricter rule and supervision from regulatory authorities.
• Activities that can jump-start collaboration across risk, compliance, and audit teams.
• Examples of how the three lines can optimize their roles and responsibilities in coordination with one another for greater efficiency.