Strengthen your risk management strategy with tailored internal audit services.
Financial institutions have experienced significant volatility and increased scrutiny from shareholders, regulatory agencies and the general public, which is why a focused risk management approach with a robust internal audit process is essential. Identifying emerging risks—in addition to testing past events and transactions—is now a shareholder expectation. The board of directors, audit committee and senior management must be confident the internal audit function addresses the effectiveness of key internal controls.
Creating an internal audit function to leverage existing risk management practices can help your institution reduce risks that could keep you from achieving strategic goals. Our consultative and tailored approach provides insight into industry best practices that stakeholders can use to make informed decisions.
In addition to outsourced or co-sourced internal audit service arrangements, we provide these specialized services:
- Risk assessment
- Asset/liability & liquidity risk management testing
- ACH testing
- Trust procedures
- Quality assessment review of institution functions
- Process & operation reviews
- PIN security (TR-39)
Contact us today to start a discussion about how we can help bolster your internal audit resources and address operational risks.