Internal Audit Services

Our Internal Audit Services Successes

Provided fully outsourced Internal Audit functions for banks ranging from less than $100 Million to over $5 Billion in assets, including:

  • Risk Assessment
  • Audit Planning
  • Audit Completion
  • Audit Committee Reporting

Outsourced and Co-sourced internal audits requiring subject matter expertise, including:

  • Regulatory Compliance
  • Information Technology/Cybersecurity
  • Lending
  • Asset/Liability Management

Our Internal Audit Services Edge

  • Verittas has significant experience in providing a range of Internal Audit services to clients of all sizes.
  • Full Outsourcing of Internal Audit functions including Risk assessment/Audit Plan development, execution of audit plans, Audit Committee reporting, and issue tracking/resolution
  • Co-sourcing, staff augmentation, and full execution of higher-risk internal audit areas, including, but not limited to:
    • BSA/AML Independent Audits
    • Information Technology/Cybersecurity Audits
    • Interest Rate Risk/Asset-Liability Management Audits

Internal Audit Assessment, Planning, and Outsourcing

Verittas offers a wide range of critical internal audit services. From performing internal audit risk assessments to formulating and executing audit plans, Verittas has all of your internal audit needs covered.

Specific Listing of Internal Audit Assessment, Planning, and Outsourcing Services:

  • Internal Audit Risk Assessment and Audit Planning
  • Internal Audit Outsourcing
    • Full Internal Audit Execution
    • Results reporting to Audit Committee
  • Internal Audit Co-Sourcing
  • Providing all necessary resources for complex audits

External Quality Assessments, SOX and FDICIA Testing and Compliance

Verittas covers all of your Sarbanes Oxley Act and Federalist Deposit Insurance Corporation Improvement Act Testing and Compliance needs.

Specific Listing of External Quality Assessments, SOX and FDICIA Testing and Compliance Services:

  • External Quality Assessments/Quality Assurance Reviews in accordance with IIA standards
  • Sarbanes Oxley Act (SOX) testing and compliance/Federal Deposit Insurance Corporation Improvement Act (FDICIA) testing and compliance
    • Key control identification: Conduct interviews with key management members in order to identify key controls over financial reporting
    • Test Plan Design: Design test plans based off identified key controls to ensure compliance
    • Test Plan Execution: Execute test plans and report results to board/audit committee