Internal Audit
Wolf Internal Audit specialists provide the expertise to help organizations improve
the quality and effectiveness of the internal control process by identifying control
weaknesses and offering practical solutions. IA services include detailed evaluations
of client-specific business processes. IA also works with management to improve and
enhance operating processes. We can assist your organization through outsourcing or
co-sourcing.
With specialists in the financial institutions industry, Wolf's internal audit professionals can customize our experienced Internal Audit services to the needs of your financial institution in operational and financial areas such as:
Lending
Review real estate, commercial and consumer lending areas. Areas covered include secondary market activity review, loan documentation, adjustable rate loans, accrued interest receivable recalculations and loan payoff processing.Finance
Evaluate management's effectiveness in performing Asset Liability Management in accordance with Federal Financial Institutions Examination Council (FFIEC) requirements. Review investments for proper accounting, authorization and completeness.Operations
Conduct the annual National Automated Clearing House Association (NACHA) audit of the Automated Clearing House (ACH) function. Review wire transfer origination, receipt and controls for compliance with best practices. Assess other electronic banking and accounting functions.Branches
Determine if cash controls, negotiable instruments and physical security are being handled in accordance with your financial institution's policies, procedures and best practices.Non-Deposit Investment Products
Verify compliance with the FFIEC Interagency Statement on the retail sale of these products to customers.Trust
Evaluate policies and procedures over asset activity, physical controls and whether fiduciary responsibilities are being conducted in compliance with Regulation 9.Human Resources
Review controls over processing employee payroll and benefit plans.Insurance Agency
Evaluate policies and procedures over insurance activity and physical controls are being handled in accordance with the institution's policies, procedures and best practices.
Wolf' s experienced Internal Audit professionals have extensive knowledge
of the critical business risks facing financial institutions.
Wolf and Company, P.C. is one of the only firms in New England that provides comprehensive risk management solutions including, information technology assurance, internal audit and regulatory compliance services. We also offer WolfPACSM, a secure, on-line suite of control assessment services providing on-going self-evaluation and professional analysis of a control environment.
Services