Fortner Bayens, PC - Internal Audit

Internal Audit Services

We will collaborate with you and customize a scope to the nature and complexity of your institution:

Risk assessments - evaluate your operations to identify inherent and specific risks, measure those risks and develop an overall internal audit scope and timetable.
Internal audits - comprehensive evaluation and testing of your internal controls and operating procedures.
FDICIA readiness - document and test your internal controls over financial reporting.
Interest rate risk and liquidity - evaluate your interest rate risk and liquidity practices against best practice and regulatory guidance.

Our perspective and experience.

Our client base is broad - enabling us to apply an experienced viewpoint to each situation:
- Institutions range in asset size from the tens of millions to the multiple billions.
- Institutions are regulated by the Federal Reserve, FDIC, OCC, NCUA and multiple state banking agencies.
Our experience covers financial audit, internal audit, accounting, taxation, credit, regulatory compliance, operations and information technology - enabling us to apply both a broad and informed viewpoint to each situation.

We differentiate ourselves through the expertise and accountability of the engagement team.

Our shareholders and financial institution specialists are actively involved in each phase of engagements from start to finish, and you will have direct and ongoing contact with the engagement partner.
Our shareholders average more than 20 years' experience in public accounting for financial institutions, banking, or a combination of both.

We promote a free flow of communication between the Board, Audit Committee, management and ourselves.

Planning with management, the Audit Committee and the Board of Directors to customize the engagement to your needs.
Meeting with you at the conclusion of each phase of the engagement to discuss engagement status, present our findings and present practical recommendations and ideas for improvements. Preparing comprehensive written reports of our findings and recommendations.
Meeting with the Audit Committee or Board of Directors in the both the planning and completion phases of the engagement, as well as other times as requested.
We do not charge for reasonable phone calls and consultations.

We leverage the results of other services provided to you to reduce cost and create efficiency.

Loan review - in depth review of loan files, underwriting and administration practices. Allowance for credit loss model validations.
Regulatory compliance - comprehensive evaluation and transactional testing covering regulation compliance, CFT/AML (BSA), ACH and more.
IT security and information risk management - thoroughly assess and test your information risk policies and procedures: general IT, GLBA, external & internal penetration testing, cybersecurity and more.