INTERNAL AUDIT SERVICES
 

Our Internal Audit Services Group offers businesses a cost-effective alternative to implementing an internal audit function or enhancing their existing internal audit function.

Why Outsource the Internal Audit Function?

Outsourcing allows management to focus on the core business activities of the company instead of the internal support services. Outsourcing provides ongoing access to skilled professionals and their resources and experience, while limiting the fixed costs of salaries and overhead for full-time employees. The following corporate support services have been successfully outsourced by numerous companies for many years: accounting and financial reporting, income tax compliance, internal audit function, payroll processing, and information systems.


Original Implementation

We work closely with management to design the role of the internal audit function and to clarify the objectives and expected benefits to be realized. We are experienced in providing complete internal audit outsourcing services. We assume all internal audit responsibilities, allowing you to realize the following benefits:

  • Maintain focus on your core business activities
  • Access specialized professional resources and experience
  • Reduce fixed costs of salaries and benefits of full-time personnel
  • Minimize hiring, training, and subsequent turnover of full-time personnel
  • Minimize the owner's dependence on "key" employees
  • Increased independence, objectivity and results


Enhancement of Existing Department

Existing internal audit departments often have limited personnel resources, especially when unanticipated events occur (e.g. merger, staff turnover, etc.). We can provide specialized expertise and/or needed staff personnel to supplement your existing internal audit resources (i.e. co-sourcing). We have experience providing value-driven solutions to satisfy a broad range of contract audit needs, including:

  • Audits of specialized subsidiaries or processes
  • Due diligence procedures for acquisitions
  • Crisis audit situations (sudden staff turnover, potential fraud, etc.)
  • Geographically diverse operations
  • Implementation of new accounting standards and reporting requirements, such as documentation and testing of internal control systems to demonstrate compliance with the Sarbanes-Oxley Act.

Progressive Approach

The benchmark for today's internal audit function encompasses a progressive, forward-looking, results-driven approach to solving problems and improving business processes. A fresh perspective from our business-minded staff could be very beneficial in helping you assess your business risks and achieve a pro-active internal audit function. Our Internal Audit Services Group is flexible and will tailor its approach to meet your specific needs.


Please contact us to request more information about the services we provide.