Internal Audit

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Client required assistance within its Internal Audit group to complete the annual internal audit plan.

Challenges

  • Client’s Internal Audit group had significant demands from the external auditor
  • Internal reorganization initiatives created additional resource strain to complete annual audit plan

Solutions

  • Provided an experienced in-charge resource for the Investment Portfolio and Funding and Liquidity testing 
  • Technical and industry knowledge enabled Dixon Hughes Goodman to complete assigned tasks efficiently, while challenging the business objective of the testing performed

Impact

  • Identified efficiencies in Client’s testing plan, leading to realignment of reconciliation testing for accounts with automated transactions
  • Saved Client’s Internal Audit group over 1,000 hours of additional testing
  • Dixon Hughes Goodman’s creative approach to testing,  commitment to quality work and ability to work independently was tremendous value to Client’s team
  • Client commented on professionalism, quality work, valued relationship and the impact we made

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