Global Professional Services, Inc. is devoted to ensuring that each and every one of our clients receives the best service possible. As an added value service, we offer audit protection to our clients in the unfortunate event that you are audited by the IRS. If you receive any letters or correspondence from the IRS, you can count on the audit services we offer to help you every step of the way. Don’t try to fight the IRS on your own! Ask your tax professional about Audit Protection today!
Audit Internal & External
Maximizing the value and effectiveness of the internal & external audit function requires an understanding of an organization’s objectives, risks, risk management priorities, regulatory environment, and the diverse needs of critical stakeholders including executive management, the board, audit committees, employees, and shareholders. Ultimately, these needs determine the risk profile of the organization and the strategic focus of the organization, resources and practices required of its internal audit department.
We can help you in following situations:
- You’re concerned that your internal audit function can’t keep up with the changing risks facing your business.
- You find it difficult to recruit and retain internal audit professionals in all of your key skill areas.
- You need to supplement your in-house internal audit function with specialist skills.
- Your internal audit function has insufficient resources to cover the geographic scope of your organization.
- Your organization considers internal audit to be a non-core activity so you want to find an external provider.
- You need to assess the effectiveness of your risk management, internal audit, and corporate governance procedures.
As companies comply with the reporting requirements of Sections 302 and 404 of the US Sarbanes-Oxley Act, internal auditors are coming to grip with their role and involvement in these initiatives. These questions include both short-term issues during the implementation phase, as well as longer-term questions on the role and responsibilities of internal audit in the process. Although the Sarbanes-Oxley Act spells out the various roles of management, the audit committee, and the external auditors, it does not specifically address the role of internal auditors. In a post Sarbanes-Oxley world, the internal audit function needs to walk a fine line between providing assurance and consulting to management without impairing its objectivity and independence.