Internal Audit
Does your strategic plan assess risks and ensure reliable reporting and compliance with laws and regulations? LarsonAllen’s internal audit professionals help boards and executive teams define their risk tolerance and achieve a balance between strategy, operations, and controls.
Your challenges
Your strategic, operational, reporting, and compliance challenges may include:
- Growth and increasing market share in a competitive environment
- Fiduciary responsibilities
- Management and mitigation of risks
- Using resources effectively and efficiently
- Event identification and establishing responses
- Reporting in a complex regulatory environment (including financial reporting)
- Control design and testing
- Protecting against data and system security threats, such as
internal vulnerabilities and network penetration
Our internal audit services
- Enterprise risk management readiness assessments
- Risk assessments and evaluations
- Board and executive team education and work plan development
- Outsourced internal audit
- Co-sourced internal audit
- Operational, financial, and compliance assessments
- Information technology (IT) controls assessments
- Quality assurance reviews
- Evaluation of the internal audit department
- Internal audit work plan and function development
- Documentation, evaluation, and tests of controls
- SAS 104-111 consulting
- SAS 70 audit services
Our approach
Our approach to internal audit is guided by the Committee of Sponsoring Organizations (
COSO) of the Treadway Commission’s
Enterprise Risk Management—Integrated Framework. Therefore, we have established methodologies to assist clients in creating control environments that concentrate on the risk management of the strategic, operations, reporting, and compliance domains.
We will tailor our approach to serve you based on the field you conduct business in. LarsonAllen’s industry specialists are dedicated to providing proactive risk solutions for agribusinesses, construction and real estate companies, dealerships, emerging companies, financial institutions, health care providers, manufacturing and distribution companies, nonprofit and government entities, and trucking and transportation companies.
When you outsource or co-source portions of your risk assessment or internal audit functions (strategic, operations, reporting, and compliance), you’ll benefit from the ability to:
- Save money: Our flexible work plan allows you to control costs by only paying for the hours you use, so you can direct dollars to the areas of greatest risk.
- Maintain objectivity: Our internal audit staff will make clear, objective assessments based on sound audit principles and industry practices.
- Increase credibility: Our reputation, experience, and objectivity will provide your organization with a level of credibility that would be difficult to duplicate internally.
Contact us for more information.