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Today’s way of banking requires your internal audit function to extend its focus beyond the basic financial and operational controls to address strategic and emerging business risks. No one understands this better than the credit union internal auditors in Doeren Mayhew’s Financial Institutions Group. That’s why we offer a full menu of credit union internal audit services.

In the face of the increased transactional and regulatory complexities putting a strain on internal audit resources, outsourcing or co-sourcing to experienced credit union auditors is a viable, cost-effective option to help your institution reduce risk, prevent fraudulent activity and enhance compliance.

Composed of cross-functional expertise backed by credentials in information technology, lending and compliance, our team brings the breadth of credit union internal auditing services needed to execute an integrated risk management program.

A Distinctive Credit Union Internal Audit Model

Our dedicated team of credit union CPAs and Certified Internal Auditors will tailor a solution that acknowledges the complexities of your institution, then work diligently to meet your specific needs. We take a dynamic, analytical approach to credit union internal auditing services, including:

  • Viewing the credit union internal audit process as a continuous, iterative process
  • Considering the business as a whole and prioritizing key areas of concern when executing the credit union internal audit services plan
  • Identifying, monitoring and assessing risks before they threaten your operations
  • Providing executive team oversight every step of the way
  • Creating a positive, lasting, client-oriented relationship

What’s more, our co-sourcing and outsourcing options give your credit union the flexibility to right-size your internal audit function and its level of coverage in a cost-effective manner:

  • Co-sourcing your internal audit services: You may already have an in-house internal audit function, but perhaps you need additional technical resources to address its growing complexity as your institution evolves. Rely on our credit union internal auditors to alleviate some of the burden and increase the coverage of the annual audit plan.
  • Outsourcing your internal audit services: Leveraging a diverse, cross-technical team, your management can be confident knowing there are reliable, effective and efficient internal auditing services in place at all times, without having to invest in developing your own internal audit team.

Credit Union Internal Audit Services

  • Internal audit risk assessments
  • Internal controls documentation and testing
  • Regulatory compliance audits (ACH, BSA, etc.)
  • Information technology audits
  • Allowance for loan and lease loss methodology validation
  • Asset and liability management methodology validation
  • Enterprise risk management consulting
  • Lending quality control reviews
  • Branch, cash and security reviews
  • Quality assurance reviews (QAR)

Looking to obtain support for your existing credit union internal audit team or outsource the process? Contact Doeren Mayhew’s dedicated team of credit union auditors today.

 

 

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