Experience 
    
Cost Effective 
         
Training Cost 
    
Audit Fees
Historically banks have found it difficult to collect audit fees from their customers.  Customers are more inclined to pay an audit bill when a third party charges it to the bank.  Non-collection of audit fees internally reduces the Banks efficiency ratios and turns the department into a high overhead function.  Outsourcing reduces overhead costs, increases earnings and shareholder wealth.
     
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