What is another word for bank examination?
Pronunciation: [bˈaŋk ɛɡzˌamɪnˈe͡ɪʃən] (IPA) 
Bank examination is a process in which the financial institution's compliance with various regulations is reviewed for effectiveness and safety. Synonyms for the term "bank examination" include audits, inspections, checks, evaluations, and reviews. An audit typically involves the examination of specific financial records in a thorough manner. An inspection refers to a more top-level assessment of the institution's compliance with laws and regulations. A check is more informal than an audit and often involves verifying specific information. Evaluations involve a more objective assessment of the institution's performance, whereas reviews involve a more subjective approach and may include feedback from stakeholders. Ultimately, these synonyms refer to methods used to ensure that the bank is operating safely and efficiently to protect the interests of its customers.
