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© 2024-2026 Baker Tilly US, LLP / Baker Tilly Advisory Group, LP

Baker Tilly US, LLP and Baker Tilly Advisory Group, LP and its subsidiary entities provide professional services through an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable laws, regulations and professional standards. Baker Tilly US, LLP is a licensed independent CPA firm that provides attest services to clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and business advisory services to their clients. Baker Tilly Advisory Group, LP and its subsidiary entities are not licensed CPA firms.

Baker Tilly Advisory Group, LP and Baker Tilly US, LLP are independent members of Baker Tilly International. Baker Tilly International Limited is an English company. Baker Tilly International provides no professional services to clients. Each member firm is a separate and independent legal entity and each describes itself as such. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP are not Baker Tilly International’s agent and do not have the authority to bind Baker Tilly International or act on Baker Tilly International’s behalf. None of Baker Tilly International, Baker Tilly Advisory Group, LP, Baker Tilly US, LLP, nor any of the other member firms of Baker Tilly International has any liability for each other’s acts or omissions. The name Baker Tilly and its associated logo is used under license from Baker Tilly International Limited.

Sign reading "credit union" on stone building

Risk and audit solutions for a credit union

Our client’s need                                 

Our credit union client was established in the 1930’s and is a member owned not-for-profit financial institution with more than $2 billion in total assets. When financial executives sought a new provider for their risk and internal audit needs, they selected Baker Tilly primarily for three reasons:

  1. Specialized risk and internal audit expertise
  2. Deep knowledge of financial institutions
  3. Positive experience working with a member of our team years ago

Baker Tilly solution

Baker Tilly assessed the credit union’s immediate SOC 1/SSAE 16 requirements and considered their future risk and internal audit needs. We then strategically assembled the right service team at the onset, which would provide the same core group in future projects.

Because of this client-focused approach and reliable, high quality work, Baker Tilly has become a go-to resource for this client. Specific projects have related to:

  • SOC 1/SSAE 16
  • Internal audit
  • ATM/card services
  • IT general computer controls (GCC)
  • Loan servicing controls
  • Automated clearing house (ACH)
  • Interim oversight of internal audit function

Results achieved

The same core group of specialized professionals provides continuity and is able to offer deeper insight to our client. As a result, the credit union is working with consistent advisors and receiving more value from each engagement. Baker Tilly has helped help fill the gaps where the client did not have the expertise or availability within its own organization. Our team has also:

  • Aligned internal audit and risk management
  • Coordinated internal audit activities
  • Provided timely information to their leadership team and supervisory committee

For more information on this topic, or to learn how Baker Tilly specialists can help, contact our team.

Related sections

  • Financial Services
  • Financial Institutions
  • Credit Unions
  • Enterprise Risk Management
  • Internal Audit
  • System & Organization Controls (SOC) Reporting
  • Bank Compliance

Article Tags

system & organization controlsinternal auditfinancial servicescredit unionsenterprise risk management