Rely on our team of credit union auditors to assess your internal audit function‚Äôs performance.
In an environment that grows more complex by the day, the internal audit role and its impact on your credit union‚Äôs integrity is more important than ever. That‚Äôs why Supervisory Committees and Boards of Directors rely on independent quality assurance reviews to assess internal audit‚Äôs 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 Mayhew‚Äôs 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 speciÔ¨Āc areas of improvement and build a prioritized action plan to increase value
Enhance internal audit‚Äôs credibility within your organization
Provide proof of compliance with the Institute of Internal Auditors‚Äô 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 function‚Äôs 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 efÔ¨Āciency and effectiveness of the department
Appraise internal audit‚Äôs organizational structure, staff and approach
Review the quality of independence, professional proÔ¨Āciency, scope of work, performance of audit work and department management
Shed light on management‚Äôs perception of the internal audit function
Analyze the credit union‚Äôs audit universe and method for developing the annual risk assessment and audit plan
Assess the function‚Äôs ability to address emerging risks
Identify gaps in performance and provide recommendations for improvement
Look to Doeren Mayhew‚Äôs credit union auditors to gain clarity on what‚Äôs happening in the internal audit realm in your credit union. Contact them today!
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