audit &
forensics
National practice
Focus on business
Clients in 46 states
CLIENT TOOL BOX
In both audits and forensics, getting the biggest bang for your buck may be the edge you need to survive.
Cost effectiveness is a primary concern because this is not the time to be wasting money. This is the time to avoid all unnecessary costs.
Audit ... read about it on this page
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Cost Effectiveness ...
Most of the cost of an audit is the time spent by expensive professionals performing the actual audit. This is both acceptable and unavoidable. Savings result when the time requirement is cut, or valuable ancillary benefits are produced
In audits, we strive to provide maximum cost effectiveness in two ways ... improved evaluation of risk ... and ramping up the ancillary benefits.
Evaluation of risk ...
As you may or may not know, the focus of an audit is a risk. Risk drives the scope, time and expense of an audit.
This has always been the case, but it is especially the case now after a decade of accounting frauds. If we properly and accurately evaluate risk annually, we can areas fruitful to the audit and eliminate time spent unnecessarily.
Unfortunately, one of the most common terms in the auditing industry is the acronym SALY (pronounced SALLY like the name). It stands for ... Same As Last Year.
Ancillary benefits ...
In the course of performing the audit, enough work is performed that ancillary consulting reports, on a variety of subjects, and other value could easily be produced. Sometimes these reports produce unexpected benefits.
Timing ...
This is a great time to change auditors. Audits and the auditing profession is undergoing great changes prompted by the accounting scandals of the last decade and pressures to internationalize. Everyone is beginning over at square one.
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