Internal Audit Outsourcing

Outsourcing or co-sourcing internal audit functions are increasingly valuable solutions. Given the complexities of financial institutions, it is becoming increasingly difficult for banks and credit unions to maintain a team of internal auditors who are well-versed in all aspects of the operations. More and more institutions favor the value proposition of outsourcing or co-sourcing their internal audits.

An effective internal audit team needs to have a broad mix of skills, ranging from the junior resource needed for the more straightforward “box-checking” regulatory work right up to senior niche risk specialists. Under a co-sourcing arrangement, once a project is done, the clock stops – as does the cost. Co-sourcing works at all levels within an internal audit and can be less expensive than bringing all the requisite skills in-house.

We offer a wide range of internal audit services. Outsourcing or co-sourcing your internal audit with TWHC will allow you to execute projects quickly and with the depth of knowledge and non-biased 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 from their auditors is a pragmatic, innovative solution.

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