Internal Audit

Internal audit is a vital function that helps financial institutions identify, evaluate, and resolve operational and compliance risks. It is the third line of defense that provides independent and objective assurance to management, the board of directors, and regulators that the institution’s policies, procedures, and controls are effective and aligned with the industry standards and best practices.

Internal audit can also help financial institutions improve their performance, efficiency, and profitability by identifying opportunities for process improvement, cost reduction, and revenue enhancement. Internal audit can also enhance the institution’s reputation and trustworthiness among its stakeholders, customers, and the public.

How can CCG Catalyst help you with your internal audit needs?

CCG Catalyst is a leading consulting firm that specializes in providing internal audit services to financial institutions of all sizes and types. We have a team of experienced and qualified internal audit consultants who can assist you with any or all aspects of your internal audit function, including:

  • Planning and developing an internal audit function from scratch or enhancing an existing one, based on your institution’s size, complexity, and risk profile. We can help you with staffing analysis, audit charter development, audit methodology, audit tools, and audit training.
  • Conducting a comprehensive enterprise-wide risk assessment to identify and prioritize the key risks facing your institution and develop a risk-based internal audit plan that covers all the relevant areas and activities.
  • Executing the internal audit plan in accordance withprofessional standards and regulatory expectations, using a systematic and disciplined approach. We can perform audits of various operational and compliance areas, such as lending, deposits, payments, treasury, IT, cybersecurity, BSA/AML, consumer protection, and governance. We can also conduct special audits or investigations as needed.
  • Documenting and reporting the audit findings and recommendations in a clear and concise manner, and presenting them to the management, the audit committee, and the board of directors. We can also assist you with tracking and following up on the implementation of the corrective actions and monitoring the effectiveness of the remediation.

What are the benefits of working with CCG Catalyst for your internal audit needs?

By choosing CCG Catalyst as your internal audit partner, you can enjoy the following benefits:

  • Access to a pool of talented and experienced internal audit professionals who have deep knowledge and expertise in the financial services industry and the regulatory environment.
  • Flexibility and scalability to meet your specific internal audit needs and budget, whether you need a full-service outsourcing, a co-sourcing, or a project-based arrangement.
  • Quality and efficiency in delivering the internal audit services, using our proven methodologies, tools, and best practices.
  • Value-added insights and recommendations that go beyond the compliance and control issues and address the strategic and operational challenges and opportunities facing your institution.
  • Independence and objectivity in providing the internal audit assurance and advice, without compromising the relationship and communication with the management and the board.


If you are interested in learning more about our internal audit services and how we can help you achieve your risk management goals, please contact us today. We would be happy to provide you with a free consultation and a customized proposal that suits your needs and expectations.

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Meet our leader

Paul Schaus

Paul Schaus

Managing Partner

As Founder, President and Chief Executive Officer he leads a successful team of subject matter experts. Throughout his successful career Paul has been a banker, management consultant, strategist, thought leader and strong advocate to the financial services industry.

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If you are interested in learning more about our bank consulting services, or if you have any questions or comments, please feel free to contact us. We look forward to hearing from you and working with you.

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