An independent, effective internal audit function is part of sound corporate governance practices. Internal Audit functions as an independent observer of the risk exposures and processes within a financial institution. Over the past few years, Internal Audit has received more scrutiny from regulators on how to assess financial, compliance and operational risks. Relying upon internal resources to fulfill the internal audit duties can be difficult for financial institutions, particularly due to the complex nature of the ever-changing regulations.
The Brown Smith Wallace team has significant experience providing internal audit services for clients. Our team can assist in identifying risks and developing an efficient and customized internal audit plan to satisfy financial, operational and regulatory requirements while providing:
- Unequaled IT risk resources and capabilities
- Deliverables completed on-time , within budget
- Global reach
- An internal audit team grounded in client satisfaction
We have advanced data analysis capabilities available to enhance the value of our services, enabling us to use fewer resources that ultimately result in lower costs for clients. Data analysis is a valuable internal audit tool as it can help inform your organization’s daily operational, decision-making and planning processes.