SOX/FDICIA - Governance
Customized process to document controls and validate the effectiveness of existing controls as mandated by Section 404 of the Sarbanes-Oxley Act for financial institutions:
- Proprietary technology based solutions to provide an ongoing consistent process
- Turnkey solutions which interface with your independent external audit to improve communication and reduce ongoing burden
- Fully out-sourced or customized co-sourced programs to meet your specific needs
- Risk based approach to maximize productivity and manage cost
- Technology based workflow process to provide full transparency and consistency in the audit approach
IA Quality Assurance
IIA Quality Assurance services help validate the effectiveness of your internal audit program. The review as sanctioned by the Institute of Internal Auditors is designed to:
- Evaluate internal audit group's conformance with the Definition of Internal Auditing, the International Standards for the Professional Practice of Internal Auditing (Standards) and the Code of Ethics
- Assess the efficiency and effectiveness of the internal audit activity and identify opportunities for improvement
- Report any observed opportunities for continuous improvement and provide recommendations for adding value to your organization
Staffing Resource Review
Based on the experience acquired over the past 30 years, our Subject Matter Experts are uniquely qualified to analyze and assess the capacity and efficiency of your processes, departments and programs at your bank.
- Our technology tools are designed to extract key data points from your core database relevant to the project
- The data analysis provides a quantitative assessment of the transactional requirements
- Resource analysis assists in identifying the personnel and technology based resources available to the institution to manage the required tasks
- A projected forward looking assessment of the direction of the department is aligned with the identified resources
- Our analysis includes comparable peer analysis