Protiviti Contact

Protiviti Contact

Laszlo Lencses

Director

PROFESSIONAL EXPERIENCE

Laszlo Lencses is a Director in our Financial Services Audit practice. Prior to Protiviti Laszlo spent eight years at Arthur Andersen where he was a part of the financial services external audit and the business process risk consulting practices. 

PRINCIPLE AREAS OF PRACTICE

  • Served as external auditor on several large banking organizations as well as other financial services firms. Responsibilities included risk assessment, planning, supervising the financial audit team and quality controlling the work performed. Performed standard audit procedures, prepared auditors reports and liaised with management and the audit committee.

  • Performed internal audit and internal control reviews at banks, broker dealers and asset managers. Identified process universe and evaluated business and financial processes.   Identified key risk and control points as well as potential gaps and assisted with the remediation efforts.

  • Performed Sarbanes Oxley and internal control review initiatives for treasury departments. Performed management interviews and developed scoping and documentation standards. Managed teams in executing the engagement. Covered a broad range of activities inclusive of borrowing, investments, forecasts and derivatives.

  • Assisted major asset manager IPO with is Sarbanes Oxley 404 compliance program. Performed overall project management activities, developed documentation standards, coordinated with external auditors and oversaw project progress. Coordinated and ran steering committee meetings with senior stakeholders and the external auditors.  Involved with all aspects of the engagement including scoping, documentation, testing remediation and reporting.

  • Team leader on a post-merger investigation project focused on evaluating the existing internal trading environment. Evaluated the deal capture of equity, bond and swap trades. Developed an Access based automated methodology whereby internal trades could be analyzed. Evaluated the banks monthly trading activity for erroneous trades. Performed trade modifications and made recommendations to improve the internal control structure.

  • Assisted a major insurance company in its evaluation of its quarterly vehicle residual value insurance claims. Managed project teams at client locations. Developed a customized lease template for the collection of the requisite lease data. Developed and populated a custom made, insurance policy specific, Access database. Created a customized gain/loss calculator using queries and macros to reflect the specifications of the policy language. Collected and evaluated the lease data. Prepared a consulting procedures report summarizing the results.

Areas of Expertise

  • Internal Audit

Industry Expertise

  • Sarbanes Oxley Act
  • Due Diligence
  • Internal Audit

Education

  • B.S. Economics Concentration in Accounting, Wharton School of the University of Pennsylvania

Professional Memberships and Certifications

  • Institute of Internal Auditors
  • Project Management Institute
  • Project Management Professional
  • Risk Management Association