AuditOne’s risk-based approach recommends starting with a comprehensive Enterprise-wide Risk Assessment that sets the strategic priorities and calendar of a cost-effective internal audit program. Our individual audit workprograms are constantly retooled and updated to meet regulatory changes and focus, and we follow all regulatory examination testing and controls guidelines including those of FFIEC, GLBA, COSO, CoBit, FDIC, DFI, and Sarbanes-Oxley.
Our management and senior staff have worked in the financial institution internal audit industry for decades, formulating and implementing methodologies proven sound and successful by repeated industry practice and regulatory approval.
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Policies, performance standards and methodologies are based upon Internal Audit industry best practices and industry examination guidelines
Targeted specifically to the highly-regulated banking industry
Developed over 25-years of experience
Veteran staff with specific expertise in each service area
Won praise and word-of-mouth recommendations from regulators
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Findings delivered with concise, practical recommendations
Potential findings are reviewed and vetted with bank throughout the audit
Guidance provided during audit to enhance processes, procedures and policies
Field auditors are consultative, not confrontational
AuditOne is available anytime after the audit for follow-up consultation
Assist client Audit Committee with ongoing guidance and counsel
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Regulators expect banks to implement strong, regular comprehensive Internal Audit and Credit Review Programs
Regulators expect the bank’s internal audit provider to provide more detailed audit testing
Regulators do not want banks to rely upon the regulatory exam as proof of satisfying IA responsibilities
Regulators are placing greater emphasis on competency of technology (IT, IB, GLBA)
Focus is on Sarbanes-Oxley and corporate governance awareness
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