Audit services: Objective examinations of evidence for the purpose of providing an independent assessment using a risk–based approach. Examples of the types of audits may include financial, compliance, and system security engagements.
Consultative services: Advisory and related client service activities intended to add value and improve Touro’s operations. The nature and scope of such consultative services are agreed upon by management and the Audit Committee. Examples include counsel, process design, and training.
Investigative services: These reviews are conducted to determine existing control weaknesses, assist in determining the amount of loss, and recommend corrective measures to prevent subsequent occurrence. These types of investigations can encompass the misuse of Touro funds or assets, potential fraud, or potential conflicts of interest.