An independent, effective internal audit function is part of sound corporate governance practices. Internal Audit functions as an independent observer of the risk exposures and processes within a financial institution. Over the past few years, Internal Audit has received more scrutiny from regulators on how to assess financial, compliance and operational risks. Relying upon internal resources to fulfill the internal audit duties can be difficult for financial institutions, particularly due to the complex nature of the ever-changing regulations.
The Brown Smith Wallace team has significant experience providing internal audit services for clients. Our team can assist in identifying risks and developing an efficient and customized internal audit plan to satisfy financial, operational and regulatory requirements while providing:
- Unequaled IT risk resources and capabilities
- Deliverables completed on-time , within budget
- Global reach
- An internal audit team grounded in client satisfaction
We have advanced data analysis capabilities available to enhance the value of our services, enabling us to use fewer resources that ultimately result in lower costs for clients. Data analysis is a valuable internal audit tool as it can help inform your organization’s daily operational, decision-making and planning processes.
Brown Smith Wallace has provided our firm with responsive, detail-oriented and value-driven services since 2000. They do a great job of understanding our business and tailoring their audit work to efficiently address the relevant risk areas. They offer excellent recommendations on improving controls in a manner that is consistent with the size and complexity of our organization. My team and I find the Brown Smith Wallace professionals to be helpful and easy to work with. It’s a great partnership and I would highly recommend Brown Smith Wallace to any of my peers for audit, tax and consulting services.
Kennedy Capital Management, Inc.
Niraj Shah, Chief Operating Officer