Consultation Services
These services are tailored to helping dynamic companies improve efficiencies, manage initiatives, control risks & achieve favorable business outcomes.
Consultation Services
At certain moments, seeking external expertise becomes essential. The crucial factor for achieving success lies in choosing the appropriate partner. Pacific Accounting Automation Systems (PACCAS) LLC boasts a skilled team of professionals prepared to deliver tailored consulting services aligned with your goals and requirements. Given that every project and client is distinct, it is vital to have seasoned experts who comprehend banking and credit union operations while also dedicating time to grasp the unique needs of your organization.
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We work with several institutions on an ongoing basis. Our services include:
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Internal Audit Outsourcing & Co-sourcing
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Network Penetration Testing & Vulnerability Assessments
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Third-Party Relationship Management
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Complete Third Party Program Management​
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Vendor Risk Assessments
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Annual Due Diligence
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BSA/AML Audits
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ACH Auditing
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Operational Reviews
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IT Audits
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Merger & Acquisition Due Diligence
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Forensic Audits
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Compliance Audits
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Risk Assessments (ERM)
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SAFE Act Reviews
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Loan Portfolio Auditing (Real Estate, Consumer, & Commercial)
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Internal Control Reviews
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Cybersecurity
As a company expands, the sharing of information increases correspondingly. Each group—vendors, contractors, partners, and customers—introduces unique cyber risks. It's essential to balance implementing security measures and allowing the organization to function efficiently while striving for its future objectives. Although completely eradicating the risk of a cyber breach or attack is unattainable, an effective strategy can significantly reduce those risks and lessen their adverse effects on both immediate and long-term business aspirations.
IT Security Audits
Credit unions and financial institutions in need of an IT audit face the challenges of upholding a secure and dependable IT infrastructure, especially in light of a growingly stringent regulatory landscape. PACCAS LLC offers IT audits that consider both the industry context and practical operational aspects. We frequently collaborate with a variety of financial institutions, including many leading-edge organizations, regardless of their asset size. Our audit reports stand out due to the unique blend of expertise we contribute to each engagement.
Capital Budget Optimization
PACAS LLC has skilled consultants specializing in developing multi-year financial forecasts and plans for small, medium and enterprise level businesses across the country. Whether your assets are as little as $5 million to as much as $30 billion we can tailor our services to the size and complexity of your balance sheet. We can assist in implementing rolling forecasts and dynamic variance reporting structures to help you reach your objectives or annual static budget planning to keep expenses to a minimum.
ACH Audits
Like any service that enhances convenience and facilitates financial transactions, ACH comes with its own set of risks and potential losses. To uphold the reliability and effectiveness of the ACH framework, NACHA mandates that financial institutions conduct an annual self-audit. This audit aims to ensure that transactions are executed correctly, thereby reducing the risk of losses and legal liabilities. Mishandling transactions can lead to repercussions that extend beyond immediate financial loss; it may also damage the institution's reputation and erode customer trust.
Engaging an external party for the ACH audit presents numerous benefits. It introduces a level of objectivity by having someone outside of daily operations assess the function. Although NACHA does not currently stipulate that this self-audit be performed by an independent auditor, utilizing one is considered advantageous and aligns with best practices. Outsourcing also allows internal staff to concentrate on their core responsibilities related to production and service.
PACCAS LLC is well-versed in both regulatory requirements and associated risks, offering valuable insights into necessary controls and credit union audits. For several years, PACCAS LLC has provided audit and risk assessment services for ACH to various financial institutions and credit unions. Our expertise covers both Originating Depository Financial Institutions (ODFI) and Receiving Depository Financial Institutions (RDFI). Our team possesses the qualifications needed to deliver a thorough evaluation of your ACH program alongside credit union audits.
Agreed Upon Procedures Audits
Occasionally, clients seek an impartial evaluation of certain issues, frequently at the request or necessity of an external entity. In these situations, our independent auditors carry out procedures that have been mutually agreed upon with the client and present their findings without offering any opinions or conclusions regarding those findings. These reviews, known as Agreed-Upon Procedures (AUP), can take various forms and differ in scope based on the specific requirements of the client or the requesting third party. Typically, PACCAS LLC conducts Supervisory Committee reviews for credit unions or financial institutions that opt against undergoing a full independent audit.