Harrisburg, PA Internal Auditors Assist Banks and Credit Unions

Trustworthy guidance on regulatory compliance, risk management, privacy, and other key issues

Today, financial institutions are under increasing pressure from all corners. A wide variety of increasingly complex federal regulations demand compliance under the threat of huge penalties. There are increased risks to online security and customer privacy. And, as always, banks, credit unions and insurance companies must be alert to fraud against consumers from within their own ranks.

At Breon & Associates, Accountants and Advisors, we want to see banks, credit unions and insurance companies flourish. We believe that our communities need financial institutions that are part of the fabric of everyday life. To support these institutions, we offer a range of advanced accounting services. With precise testing and cogent advice from our team of highly trained professionals, your organization can improve its overall management, meet regulatory requirements, and deter internal fraud.

Outsourcing and co-sourcing a range of compliance solutions

About 90 percent of America’s banks are considered small to mid-sized. These form the true backbone of the nation’s financial sector, as they cater to small-town and rural communities, which the bigger banks largely ignore. Unfortunately, local, and regional banks are under intense pressure to comply with regulations, such as the Dodd-Frank Wall Street Reform and Consumer Protection Act, imposed after risky practices by their larger competitors brought on the financial crisis of 2008. It had become more and more difficult for small to mid-sized financial institutions to comply with all the regulations.

Breon & Associates offers a variety of solutions, which include:

• Sarbanes-Oxley testing & Internal Audit Department Support
• Compliance audits
• Risk assessments
• Fraud risk assessments
• Ethics and social responsibility

We work with financial institutions on a variety of bases, as consultants for special projects, audit leaders for niche audits, and as co-sourcing partners to bolster your internal audit staff. Our firm can also assume any tasks you would care to outsource.

Assistance for lenders performing due diligence

Lenders need to assess the risks and rewards of extending credit to businesses and individuals. Often, this requires a detailed valuation of a business asset, including a reliable quality of earnings report. You can trust our team to help you understand and manage risk as you serve your clients.

Privacy control testing for sensitive data

Mishandling customer data can open the door to liability and loss of reputation. Our experts can evaluate your processes for maintaining customer privacy, pinpoint your vulnerabilities, and recommend improvements to make data more secure.

Fraud risk assessments and investigative assistance

Fraud robs financial institutions of resources and destroys their reputation as fiduciaries. You simply cannot risk losses due to embezzlement and other illicit behavior. Our team is comprised of certified experts in fraud Investigation and prevention. We can evaluate your fraud risk, strengthen your controls, and even help you build a more ethical culture to further safeguard your organization.