Rely on our team of credit union auditors to assess your internal audit functionâs performance.
In an environment that grows more complex by the day, the internal audit role and its impact on your credit unionâs integrity is more important than ever. Thatâs why Supervisory Committees and Boards of Directors rely on independent quality assurance reviews to assess internal auditâs performance, determine its value, identify opportunities for improvement and ensure critical functional areas are not overlooked.
Performing QAR audit services for credit unions of all sizes and complexities, Doeren Mayhewâs team of credit union auditors has the experience and industry knowledge to validate that your credit union has the right controls in place.
Benefits of Quality Assurance Reviews
Gain insight into the effectiveness your internal audit function
Identify speciïŹc areas of improvement and build a prioritized action plan to increase value
Enhance internal auditâs credibility within your organization
Provide proof of compliance with the Institute of Internal Auditorsâ standards
What to Expect From Our Credit Union Quality Assurance Review Services
Assessing your internal audit function can be accomplished by having a top credit union auditing firm such as Doeren Mayhew either perform a quality assurance review or validate your internal audit functionâs own self-assessment.
Using the internal audit code of ethics and standards set by the Institute of Internal Auditors, International Standards for the Professional Practice of Internal Auditing, our credit union auditors will:
Evaluate compliance with audit charters and IIA standards
Assess the efïŹciency and effectiveness of the department
Appraise internal auditâs organizational structure, staff and approach
Review the quality of independence, professional proïŹciency, scope of work, performance of audit work and department management
Shed light on managementâs perception of the internal audit function
Analyze the credit unionâs audit universe and method for developing the annual risk assessment and audit plan
Assess the functionâs ability to address emerging risks
Identify gaps in performance and provide recommendations for improvement
Look to Doeren Mayhewâs credit union auditors to gain clarity on whatâs happening in the internal audit realm in your credit union. Contact them today!
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