Complete analytical review with suitable testing to identify risks or inaccuracies for awareness and remediation.
Your organization’s objectives, and the internal control components implemented to provide factual and accurate assurance of their completion, have a direct bearing on reliable financial reporting. Internal controls may be focused on individual operating units or business functions but are still relevant to the scope of control for the entire organization. Telavance can perform an Audit or Review to determine if existing controls are suitable and sufficient for the size, activities and volume of a business unit and in consideration of applicable legal and regulatory requirements as well as the type and complexity of systems that are used as part of the internal control structure including any service organizations you rely upon for processing.
We have engaged Telavance to perform our internal controls testing as per FIDICIA requirements. Televance has been performing this exercise for us during the last three years and we are extremely pleased with the results. Their professionals bring tremendous expertise and experience combined with professional certifications. They have always provided value added assistance to our New York branch to help improve our processes and internal controls.
- Ashok Kumar Garg, Chief Executive (US Operations), Bank of Baroda
Telavance is providing outsourced Internal Audit services to Canara Bank New York Branch. We have found their team knowledgeable in assessing our internal controls and providing valuable suggestions for improvement. Through their professional approach, they are able to understand our needs and contribute well to the overall progress of the branch in the audit and compliance front. I wish their team good luck!
- Mahesh M Pai, Senior Vice President and Assistant General Manager, Canara Bank