Internal Audit

New reporting and audit requirements have put organizations under more pressure to provide clear, open and timely reporting. This is intensified by ever-increasing demands from investors and regulators for full disclosure and transparency. 

Reznick Group’s internal audit team can help you improve the effectiveness of your internal controls by assessing risk, performing internal audits and examining your existing policies and procedures. Based on these assessments, we will provide you with recommendations for continuous improvement and then help you implement the internal control solutions that best meet your business needs. By doing this, we can help you recover and streamline costs while improving your company’s fiscal and operational policies and procedures.

Whether you need assistance starting up an internal audit department, augmenting an existing department, or running a department on a fully outsourced basis, Reznick Group can help you. Our risk-based planning methodology, tools and experienced people offer an effective yet efficient customized internal audit program designed to meet your needs.

Services

  • Risk assessments
    • Sarbanes-Oxley Act (SOX) compliance
    • Contract assurance and compliance
    • Policies and procedures compliance
  • Analysis and evaluation
    • Customize internal audit designs
    • Test and validate key internal controls
    • Utilize and follow Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework
    • Benchmarking and performance measurements
    • Financial and operational analyses
  • Executive recommendations
    • Develop and prioritize actionable recommendations to improve internal controls
    • Develop policies and procedures
  • Sarbanes-Oxley Section 404 compliance
    • Risk assessments
    • Documentation and testing 
    • Policies and procedures compliance
  • Internal audit optimization
    • Risk-based audit planning
    • IIA required quality assessment reviews
    • Staff and skill augmentation and development
    • Audit Committee effectiveness and communications
    • Information Technology (IT) audit services