Why choose us?
Edward F. Molloy & Co. provides independent credit union internal audit services to a range of Irish credit unions. You will deal with the same experienced personnel on each internal audit, providing consistency of service. Your Independent Internal Auditor will be involved on a daily basis with the audit team as well as reporting at the completion of the audit. This brings a senior level of experience to each element of the audit that gives you the assurance you deserve.
Our approach is to work in partnership with the board and management to ensure that your risk management, governance and internal control processes are operating effectively. Improvement of processes and controls is central to our work.
Our staff are multidisciplinary and bring a breadth of knowledge and experience to each internal audit assignment.
Internal Audt Charter and Internal Audit Plan
We assist in the preparation of the Credit Union's Internal Audit Charter and the Internal Audit Plan. We liaise with the board of directors, management, external auditors, risk officers and compliance officers to ensure the charter and plan fit your credit union.
Reporting
We undertake our work in an efficient manner. We report on the tasks that we have completed and our findings to the Credit Union's Audit Committee and discuss action items, priorities and time lines with them.
Decades of Experience
We have provided audit services to Irish credit unions for over three decades. We have dealt with all sizes of Credit Unions, including credit unions with total assets over 400 million euro. We have experience of both industrial and district credit unions. During this time, we have acted as internal auditors, statutory external auditors, assisted various committees with their regulatory requirements and provided independent internal audit services to a number of credit unions.
What does this mean for you?
Our broad experience of the credit union sector means that we can deliver a professional, efficient and cost effective service to your credit union whatever it's requirements. We can provide full internal audit services or assist your internal audit function. You will deal with the same personnel on each audit, providing consistency of service. Your Independent Internal Auditor will not only report at the completion of the audit but will be involved on a daily basis with the audit team. This brings a level experience to each element of the audit that gives you the assurance you deserve.
