Internal Audit

Today’s financial institutions can no longer rely on yesterday’s internal audit. In the past, internal audits focused solely on regulatory compliance and financial reporting. While these components are still essential, financial institutions deserve an internal audit process with a broad scope that includes an assessment of business and operational risk. That’s exactly what you’ll find at RKL Risk Management.

The RKL Risk Management team performs internal audit procedures in accordance with the Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework and the standards of the Institute of Internal Auditors and the Federal Financial Institutions Examination Council. What sets our approach apart, however, is that we also build every internal audit engagement on a foundation of risk identification and mitigation.

Our audit professionals offer unmatched expertise regarding the existing and emerging risks for the banking industry, and we use those insights to develop personalized solutions to apply across all business functions. At RKL Risk Management, we are committed to elevating the internal audit beyond compliance through innovative solutions that add value and increase efficiencies.

RKL Risk Management Internal Audit Services

  • Internal audit outsourcing and co-sourcing, covering all business operations
  • Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) audits
  • Financial, operational and compliance audits
  • NACHA rule compliance audit
  • Business process reviews
  • Controls identification and testing for Sarbanes Oxley compliance

What Sets RKL Risk Management Internal Audits Apart

The banking and financial services industry has a specific range of compliance needs and issues that require a well-versed and experienced partner to meet these demands. RKL Risk Management has a long and proven track record of delivering effective and efficient internal audits that produce significant results for its financial institution clients, including:

  • Heightened awareness of risk exposure across all business functions
  • Tailored compliance plans
  • Enhanced risk management processes
  • Strengthened compliance control structure
  • Streamlined business processes
  • Increased efficiencies and value

OTHER SERVICES


Compliance

We deliver compliance services tailored to financial institutions to lead you and your team beyond the rigors of regulatory compliance to improved productivity and reduced risk.

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IT Audit – Cybersecurity

We recognize that technology evolves, and with it, related data security risks. We create transparency across your organization regarding the risks involved with your entire IT infrastructure so you can protect your customer’s privacy and mitigate current and future risk.

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Credit Union Solutions

We understand that credit unions are feeling the pressure of meeting more stringent regulatory demands with less budget and staff. We deliver affordable and efficient solutions.

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