Our streamlined process and number of SMEs (subject matter experts) in each practice area have allowed us to be nimble, focused and responsive. As a result, we’re able to emphasize all of the following:
A deep bench
There’s no “learning on the job”. Our staff bring many years of hands-on experience in financial institutions and regulatory agencies. Within each of our practice areas we have staff with areas of specialist expertise – for example, SBA within the Credit/Lending area; foreign exchange and derivatives within ALM; mortgage regulations within Compliance; etc. And our bench depth allows us to rotate auditors if preferred, without your having to go through the disruption of changing audit firms.
Extremely responsive and timely service
We pride ourselves on our responsiveness to questions or requests, generally same day. We issue final reports and workpapers within three weeks of audit completion. Office administrative staff are always available to assist.
Remote audit capabilities
AuditOne has been a leader in providing remote audit services, leveraging our highly effective, cloud-based client portal to directly benefit your institution by reducing or eliminating travel expenses. It’s allowed us to serve our growing nationwide client base with the same quality service as we provide for our clients here in the western states. Our proven expertise with remote services also has been essential to meeting the pandemic restrictions in place in many areas.
Our multi-stage internal review process ensures that your Board and Committee members are receiving the highest quality reports.
Stage 1: Practice Directors review reports and workpapers, ensuring they are complete and accurate.
Stage 2: A Quality Assurance review focused on formatting and writing standards.
Stage 3: A final, pre-publishing review by our Executive Management.
Here to help you
We’re not just here to point out what needs attention. We emphasize a collaborative approach to help formulate corrective action to address findings, to offer best practice opportunities, to prepare for changes in the pipeline, and to otherwise act as your partner. This means regular communication before, during and after each audit – to ensure smooth execution but also to share our knowledge and experience to assist you.
Here to save your institution money
We use a risk-based approach to determine where audit attention and focus is most needed – for selecting the audits that need conducting each year and for the scope items that need covering within each audit. This will help ensure the safe and sound operation of your institution, so as to meet the approval of your regulators while also helping alleviate budget concerns.
Financial institution risk management is the sole focus of our company. With a team of former bank regulators, financial institution executives/managers and highly qualified specialists, we ensure you get the in-depth service and expertise to best serve your institution.
Our Executive Management, including our Practice Directors, stands ready to attend Audit Committee, Board or Management meetings. We are here to answer any questions or to provide advice, putting our deep industry knowledge, including regulatory familiarity, to good use for your benefit.
We hold ourselves to the same high information security standards as we hold our clients to when we perform audit of their IT/IS controls. Our IS Policy is part of the due diligence package we provide clients; it outlines our business continuity plans, encryption requirements, data retention, and so on. We make available a highly effective client portal for securely sharing all required information. Our IT team is happy to discuss with you any questions or concerns you may have in this critically important realm.
Institute of Internal Auditors (IIA)
AuditOne has been audited for compliance with the Quality Assurance Review (QAR) requirements of the Institute for Internal Auditors (IIA).
Click on the link below to view the QAR for AuditOne LLC's internal audit practice.