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AUDIT
SOLUTIONS
for
de
novo
Financial Institutions
AuditOne
LLC
AuditOne has considerable experience working with
new as well as established institutions. We recognize the unique,
internal audit needs of de novos as you try to balance the
demands of regulator and shareholders. We’re sensitive to the cost
pressures faced by management, looking to avoid unnecessary expenditures
but at the same time leery of cutting corners in areas that regulators
might deem necessary. And just as important, the failure to put in
place a solid process for monitoring your organization’s progress at
identifying and controlling key risks can quickly derail success in
marketing or other arenas.
With all this in mind, we’ve put together the
outline that follows as a rough roadmap for de novos to help
determine what your critical audit needs will be over the first couple
of years. The operative word is “rough”, simply because banks will vary
in their circumstances and needs. We’ve worked, for instance, with
banks that have come out of the gate richly capitalized and with
aggressive growth plans who have prudently elected to go with a full
menu of audit services right from the start. But for others starting
out more cautiously, we’ve found that the basic minimum of engagements,
as shown in the milestones below, may well suffice.
In addition to these audit needs, AuditOne
is well placed to provide related advisory services, pre- as well as
post-start-up. We have assisted banks in areas such as policy
writing, vendor selection, walkthroughs, and security and compliance
requirements. Our auditors bring a tremendous depth and breadth of
knowledge and experience to all our engagements – whether for today’s
de novo institutions or for those long past that stage.
Call us at 562-802.3581 or
Visit us at
http://www.audit-one.com |
