Types of Audits:

Internal Process Audit – Audit to provide reasonable assurance that the company is adhering to their own policies and procedures.   

Regulatory Audit – Audit to provide reasonable assurance that the company’s policies, procedures and work product are sufficient to support relevant laws and regulations.

• AML/BSA Audit
• CFPB Readiness Audit
• State Readiness Audit

Compliance Gap Analysis – An audit of the organizations policies and procedures against relevant laws, regulations and best practices.  

Compliance Review – A review of the organizations policies, procedures, processes, work product, customer service materials, consumer facing documents, etc. to provide reasonable assurance of an effective compliance program.

Compliance Audit – An audit of a company’s program including an analysis of a company’s policies and procedures, everything included in the review and transactional testing to provide reasonable assurance of adherence to the company’s policies and relevant regulations.

Parameters:

• Audits are performed onsite or remote.
• Various levels of Assurance
• Extensive Testing available
• Summary and Feedback
• Remediation and Responsiveness