Specialized Internal Audit Resources
Fractional CAE Services
A Fractional Chief Audit Executive (CAE) is a seasoned professional who provides part-time leadership and oversight of an organization's internal audit function, rather than a full-time hire. CAEs offer strategic direction, risk management, and audit planning expertise to enhance the function's effectiveness and ensure compliance, all at a lower cost and commitment than a full-time executive. This model benefits companies needing specialized audit leadership for specific projects, temporary vacancies, or general expertise without the overhead of a full-time hire.
Benefits
Expertise On-Demand
Organizations can engage Fractional CAEs on a part-time or as-needed basis, making it flexible to scale audit resources in response to changing business needs.
Audit Department Liaison
In the role of Audit Liaison, Fractional CAEs act as the central point of contact between the bank and its external auditors and regulatory examiners. The role streamlines the audit process, ensuring that required information is provided efficiently, and facilitates communication to address audit findings and recommendations.
Stakeholder Engagement
Fractional CAEs engage with senior management and the Board of Directors to communicate audit findings, recommendations, and risk assessments. Building strong relationships with stakeholders is essential the success of the internal audit function.
Cost Efficiency
Hiring a Fractional CAEs allows organizations to access the expertise of a seasoned professional without the cost of a full-time executive. This is particularly beneficial for smaller institutions or organizations with budget constraints.
Quality Assurance
Fractional CAEs establish and maintain quality assurance and improvement programs to ensure that the internal audit function is operating effectively and in adherence to professional standards.
