Internal Audit

Credit Unions are required to maintain an effective internal audit function that provides independent assurance to the Board and evaluates areas of the credit union where controls, governance, risk management and operational processes can be strengthened.

Delivering an effective and robust internal audit function requires a level of expertise that is not always available in house. Consequently, many credit unions outsource this function.

A blurred person walks down a modern office corridor with wooden doors. The wall on the right has large green RBK letters above a black chair and a glass vase with a colourful flower arrangement.

At RBK, our in-depth knowledge and understanding of the Credit Union sector means that we are well positioned to provide a practical risk-focused internal audit service. Our internal audit team services include:

Assessing your internal audit requirements
Developing a tailored, risk assessed and strategically focused internal audit plan
Delivering a fully outsourced internal audit function
Generating your internal audit policy and charter
Providing clear, concise and actionable reporting
Focusing on key risk areas and regulatory priorities, including those highlighted by the Central Bank
Advising on sector best practice

For more information or to discuss your Credit Union’s specific needs, please contact a member of our team.