Internal Audit & Consulting Services

Internal Audit Services

Given the complexities of financial institutions, it is becoming increasingly difficult to maintain a team of internal auditors that are well-versed in all aspects of the operations. More and more institutions are choosing to outsource or co-source their internal audit functions because of the value proposition of these arrangements.

TWHC offers a wide range of internal audit services. Outsourcing or co-sourcing the internal audit function with TWHC allows institutions to execute projects quickly and with the depth of knowledge and nonbiased approach that management looks for. Our internal audit group is composed of professionals who have been on both sides of the table and understand that pointing out a problem is only the first step; what financial institutions need is a pragmatic, innovative solution.

We work with over 100 institutions on an ongoing basis. Our services include:

Our teams develop specific audit plans for your institution and draft audit programs specific to the departments or areas under review.

Consulting Services

There are times when you simply must turn to outside expertise. The key to success is selecting the right partner. TWHC maintains a team of professionals ready to provide you with consulting services designed to meet your needs and objectives. Because each engagement and each client is unique, it is important that these engagements be staffed with experienced individuals who understand banking operations.

Forensic Audits

The current economic and regulatory environment has led to an increase in criminal and civil actions against financial institution employees who breach the financial institution's policies and procedures for personal gain. These actions can result in consequences for the accused ranging from civil penalties and monetary damages to imprisonment.

Regulatory actions and white collar court cases (both civil and criminal) involve complex legal matters and often prove to be onerous. As such, a financial institution filing claim to recoup its losses needs counsel and professional advisors with the necessary expertise. Failure to understand the complex issues of such matters may have a dramatic adverse effect on the eventual outcome of the action.

A comprehensive strategy to address the issues raised in such actions often requires the experience and knowledge of sophisticated and experienced forensic accounting, investigative and finance professionals. TWHC has worked on many small and multi-million dollar claims on behalf of financial institutions and can help reduce the institution's loss exposure.