Internal Audit supports management’s commitment to a sound internal control structure, provides reasonable assurance to management that the internal control structure can be relied upon to mitigate the inherent risks, and provides an objective and independent review of the operations of the Company.

#1        Detailed Audit Testing and Follow-Up                                               

Conduct internal audit testing under the supervision of the Internal Auditor on all areas of the Bank based on the annual audit risk assessment and audit schedule.  Document procedures prescribed by audit programs in a meaningful and consistent format.  Document conclusions reached and exceptions noted based on the testing results.  Perform follow-up testing on prior audit findings when appropriate. 

#2        Assist External Auditors with Testing and Data Collection               

Collect requested information and perform procedures for various external auditors conducting engagements for the Bank.  Provide information to external auditors in the requested manner and format.

#3        Detailed Compliance Testing                                                             

Conduct compliance testing of specified areas rated as low risk by the Bank’s compliance auditors.  Document work performed in a meaningful and consistent manner.

#4        Report Review                                                                                   

Assist Internal Auditor with review of system reports related to activity, internal risks, and control functions.