Audit. Yuck. Along with “bankruptcy,” “lawsuit,” and “cyberattack,” “audit” is one of those words that can instantly raise a consumer finance executive’s blood pressure. Even if the thought of an audit doesn’t cause agita or insomnia, it tends to elicit a grimace. No one wants to undergo an audit. At best, it takes away precious time and focus; at worst, it’s the prelude to a crisis.
Still, regulators have made it clear that audits need to happen. And, increasingly, consumer finance companies’ boards and banking partners are conducting audits as well—to button up compliance issues before an agency like the Consumer Financial Protection Bureau finds them first.
October 2017 Webinar: How to Build an Internal Audit Program
Don’t let the idea of an audit ruin your day or interrupt your business. Savvy consumer finance companies are learning to embrace internal audits for their capacity to improve critical operational outcomes. Yes, it’s possible for a lender of any size to learn how to love audits—and automated tools make it possible.
Our webinar next month will demonstrate what does an internal audit program looks like and why you need one. With subject matter experts from Hudson Cook and Compli Customer Sierra Auto Finance, we’ll discuss…
- what the CFPB says about internal audit programs,
- best practices for establishing an internal audit process,
- automating your CMS to make internal audits effective,
- and more!
Register today for the webinar.
(By the way, if you can’t attend the webinar when it airs live, sign up anyway and we’ll send you the recording via email.)