Internal Audit

Internal Audit

HOW IT WORKS

 

The audit scope considers the model(s) utilized, complexity of the balance sheet, data processing integration, workflow, checks & balances, policies and procedures, staffing, ALCO and other relevant areas. Recommendations for needed improvement in the risk management process will be made in our internal audit report. 

KEY FEATURES

 

Given the current regulatory and management emphasis on the overall risk management process, this service should be of interest to all, and is of particular interest to those without internal audit departments or those internal audit departments unfamiliar with the requirements of ALM/IRR modeling.

 

The work is conducted be experienced professionals with excellent industry credentials. We can also provide specific assistance to those internal audit departments that wish to conduct as much of the audit internally as is possible. Call today for a quote and to design the audit scope.

Software Spec

Our audit process is designed as an outsource audit for internal audit departments. It is a comprehensive review of the ALM/IRR modeling process including:

  • Data input
  • Data paths and retention
  • Security of data
  • Modeling techniques
  • Subjective assumptions
  • Model integrity and model fit
  • Overall ALM/IRR process

The audit scope considers the model(s) utilized, complexity of the balance sheet, data processing integration, workflow, checks & balances, policies and procedures, staffing, ALCO and other relevant areas. Recommendations for needed improvement in the risk management process will be made in our internal audit report. 

Given the current regulatory and management emphasis on the overall risk management process, this service should be of interest to all, and is of particular interest to those without internal audit departments or those internal audit departments unfamiliar with the requirements of ALM/IRR modeling.

Related items

The audit scope considers the model(s) utilized, complexity of the balance sheet, data processing integration, workflow, checks & balances, policies and procedures, staffing, ALCO and other relevant areas. Recommendations for needed improvement in the risk management process will be made in our internal audit report.

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