Today’s financial institutions can no longer rely on yesterday’s internal audit process.
In the past, internal audits focused primarily on regulatory compliance and financial reporting. While these components are still essential, financial institutions deserve an internal audit process with a broad scope that includes an assessment of business and operational risk. That’s exactly what you’ll find at RKL, which boasts a team of advisors focused on serving financial institutions.
RKL performs internal audit procedures in accordance with the Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework and the standards of the Institute of Internal Auditors and the Federal Financial Institutions Examination Council. What sets our approach apart, however, is that we also build every internal audit engagement on a foundation of risk identification and mitigation.
Our internal auditors offer unmatched expertise regarding the existing and emerging risks for the financial services industry, and we use those insights to develop personalized solutions to apply across all business functions. At RKL, we are committed to elevating the internal audit beyond compliance through innovative solutions that add value and increase efficiencies.