Soon after that first meeting in 1924, the organization — originally called the National Association of Bank Auditors and Controllers (NABAC) — began to hold annual conventions and distribute a magazine focused on financial industry topics.
The organization became both a voice and a resource for the industry. Members gained access to each other, and to valuable industry information. As a result, financial institutions were able to make smart business decisions and meet changing customer demands even better.
Auditors attending those early conventions quickly saw the value. They learned from each other’s experiences. They shared their challenges and worked together to find solutions. And those connections became a driving force behind the organization’s continued growth and relevance over time.
By the 1940s, the NABAC had its own office — first in Cleveland and later in Chicago. And the organization began to provide both education and technical research for its members, setting a precedent for today’s BAI services.