Ensure Regulatory Compliance Using Internal Audit and Assurance Services for U.S. Financial Institutions

When people want to save or invest their money, they turn to financial institutions such as banks and insurance companies. These financial institutions ensure payments go through effectively with minimal risk. In the U.S., JPMorgan Chase & Co., Bank of America Corporation, and Citigroup are some of the top financial institutions. However, many U.S. financial institutions face regulatory compliance issues that can lead to serious complications. The good thing is that internal audit and assurance services​ are now available to help U.S. financial institutions. Thus, U.S. financial institutions should leverage financial audit support to avoid regulatory compliance issues. U.S. financial institutions won’t regret relying on internal audit and assurance services. 

How Internal Audit and Assurance Services Support U.S. Financial Institutions

• Risk Management: Internal audit and assurance services involve identifying risks and assessing risk management strategies. Thus, U.S. financial institutions can rest assured that they won’t have to worry about credit, liquidity, or operational risks. 
• Strict Compliance: Internal audit and assurance services ensure that U.S. financial institutions will always follow legal and regulatory frameworks. Thus, U.S. financial institutions won’t have to worry about compliance-related penalties. 
• Efficiency Boost: U.S. financial institutions can expect greater efficiency when they rely on internal audit and assurance services. U.S. financial institutions can expect significant improvements in their workflows and internal processes over the long term, boosting efficiency. 
• Fraud Detection: Internal audit and assurance services involve investigating potential illegal activities and system vulnerabilities. Thus, U.S. financial institutions won’t have to worry about complications and problems caused by fraudulent activities. 

Why Choose Magellan Solutions for Accounting & Finance Operations Services?

• Expertise: Our agents consistently deliver the highest-quality internal audit and assurance services. We ensure our agents undergo rigorous training to further enhance their knowledge and skills. Thus, U.S. financial institutions can confidently hire us as their outsourcing partner given our expertise.
• Cost Reduction: We want to help U.S. financial institutions save significant money by avoiding the need to hire and train additional staff. Instead, U.S. financial institutions can just hire us as their outsourcing partner for internal audit and assurance services to achieve significant cost reductions. U.S. financial institutions will appreciate the significant cost savings they can invest in the future. 
• Robust Security: We take security very seriously. We understand that strong security helps establish a BPO company’s credibility. We are proud to hold ISO 27001 and HIPAA certifications, demonstrating our commitment to maintaining high security standards. U.S. financial institutions can rest assured that their data is secure with us and that there is no data leakage. 
• Collaborative Approach: We understand that U.S. financial institutions may have questions about our internal audit services. We are ready to collaborate with U.S. financial institutions to set expectations. We are confident that we can find ways to help U.S. financial institutions through collaboration. 

The Bottom Line

Internal audit and assurance services for U.S. financial institutions deliver impressive results. U.S. financial institutions must recognize the benefits of outsourcing. However, U.S. financial institutions should also hire the right outsourcing partner to get the best results. U.S. financial institutions need to hire a proven, experienced outsourcing partner to achieve the best results. 

Interested in Accounting & Finance Operations Services?

Magellan Solutions is a provider of inbound and outbound call center services, as well as business processing outsourcing, in the Philippines. The company has extensive experience providing best-in-class outsourced solutions to small and medium-sized enterprises (SMEs) and large global enterprises. Combining unrivaled expertise and capabilities across industries and business functions, we bring fresh approaches to strategy and operational performance by delivering the right BPO and customer management solutions that span the entire customer lifecycle.

As a leading business process outsourcing provider of customer management solutions, we are committed to delivering an outstanding customer experience with every interaction. Visit Magellan-Solutions.com to learn more about our accounting and finance operations services. You can also contact us now and receive a complimentary 60-minute consultation.