Teresa M. Francis, CIA, AAP
Senior Manager, Internal Audit
Teresa Francis is a senior manager and leads internal audit and Automated Clearing House (ACH) engagements for the financial services team. With a focus on financial institutions, she has more than 25 years of experience in leading risk-based internal audits and serves as a consultant to financial institution clients on internal, operational, and financial reviews of activities to determine the reliability of information and evaluate compliance with regulations, policies, and procedures. Teresa has accumulated substantial experience in evaluating the efficiency and effectiveness of processes, procedures, and internal control systems of financial institutions and frequently consults with clients on risk assessment and risk mitigation strategies. As an Accredited ACH Professional, she assists clients in managing risks associated with this ever-growing and complex area.
Certifications
- Certified Internal Auditor
- Accredited Automated Clearing House Professional
Professional memberships and activities
- The Institute of Internal Auditors (IIA) - Member
Areas of Focus
- Internal control risk assessments
- Risk-based internal control audits
- Internal controls consulting
- Internal auditor mentoring
- Internal investigation research
- ACH examinations
Education
Northern Michigan University - Marquette, Michigan- Bachelor of science degree in accounting and computer information systems
Recent Insights
Articles
FedNow expands access to instant payments
May 07, 2023
5 top challenges for internal auditors
Mar 23, 2022
Why you should be prepared for NACHA’s “Meaningful Modernization”
Apr 21, 2021
Standards for the Internal Audit Practice: Are You Following the IIA Standards?
Apr 23, 2018
Standards for the Internal Audit Practice, Credit Unions: Are You Following the IIA Standards?
Apr 23, 2018
Blogs
ACH compliance rules are changing: What originators and third-party senders need to know
Jun 20, 2022
It’s not what you know but who you know
Jul 23, 2020
Faster is Better, Sometimes
Jun 30, 2019
It's Planning Time
Dec 25, 2018
Driving Lessons
Sep 28, 2018
Invasion of Privacy or Keeping Us Safe?
Aug 29, 2017