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Without a strong system of internal accounting controls, a business might be exposing itself to potential risks, such as employee fraud, regulatory noncompliance, and operational inefficiencies, which could result in significant financial losses, regulatory penalties, or other damages, such as business reputation loss.
Our dedicated team has specialized experience and training in internal audit and controls services, with expertise in the following areas:
Fraud Prevention, Detection and Investigation
We assist in performing fraud risk assessments, designing antifraud programs including training and establishing fraud prevention policies and procedures, investigating fraud and establishing fraud prevention and detection controls.
Internal Audit Co-Sourcing or Outsourcing
Continually monitoring the system of internal controls or through special projects, we help identify risks, test those risks and design controls for risk mitigation. We have the experience to partner with clients to develop and execute an internal audit program based on an annual risk assessment.
Internal Audit External Quality Assessment
The Institute of Internal Auditors requires an external quality review of the internal audit functions every five years in order to be in compliance with its standards. We can perform this assessment.
SOX Compliance Assistance
Such engagements can be designed to assist organizations with establishing or enhancing an existing SOX compliance program, as well as assisting with performing periodic SOX 404 compliance testing.
Operational and Financial Risk Assessment
Using on a risk-based approach, we can evaluate the efficiency and effectiveness of key controls within specific operating and financial business cycles (e.g. cash receipts, cash disbursements, payroll, purchasing and accounts payable, sales and accounts receivable, inventory, fixed assets, etc.).
A typical engagement would include gaining an understanding of the current process and key business risks, documenting the existing system of internal controls, assessing the design and operational effectiveness and efficiency of key controls, and providing a summary of our observations and recommendations.
Contact
Ilan Haimoff, CPA, CIA, CFE
310.873.1651
.(JavaScript must be enabled to view this email address)
Donald J. Snyder, CPA
310.873.1607
.(JavaScript must be enabled to view this email address)
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Green Hasson Janks
10990 Wilshire Blvd 16th Floor
Los Angeles, CA 90024
310.873.1600
info@greenhassonjanks.com
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