Internal Audit & Forensic Services
Internal Audit Services
Internal audit is an independent and objective assurance activity. It adds value and improves an organization’s operations. The internal audit function provides a disciplined and systematic approach to evaluating and improving an organization’s effectiveness over risk management, internal control and governance. Unlike financial statement auditing, internal auditing has a focus beyond the accuracy of the financial statements, to include efficiency and effectiveness, compliance with policies and laws, safeguarding assets and accomplishing objectives.
Stowe & Degon helps clients establish an internal audit function by establishing an internal audit plan that is customized to the risks and needs of the client, executing internal audits, and providing management with audit results, including recommendations for improvement.
Enterprise Risk Management
Enterprise Risk Management (ERM) is a continuous and entity-wide approach that helps organizations manage risk. This activity complements an internal audit function in providing assurance that risks are being monitored by executive management. Stowe & Degon uses a tiered approach in classifying a client’s risks with its ERM model, and helps lead discussions amongst executive management. This service can be offered on its own, or as part of a comprehensive internal audit function.
Fraud Investigation/Forensic Accounting
According to the Association of Certified Fraud Examiners, it is estimated that 5% of an organization’s annual revenues are lost to fraud. With Certified Fraud Examiners and experienced fraud investigators on staff, Stowe & Degon helps organizations identify if they have been a victim of fraud, quantifies fraud losses, and provides assistance on designing controls to prevent fraud.
We provide expert and objective analysis and assistance to our clients involved in commercial and civil litigation.
Sarbanes-Oxley and Internal Controls
We've spent hundreds of hours examining Sarbanes-Oxley ("SOx") and the Model Audit Rule (MAR), assessing its real-world implications and studying what public companies of all sizes are doing to meet their expanded SOx requirements. We work directly with our clients and their audit firms to design an effective and efficient internal control compliance program. We assist our clients in assessing their internal controls over financial reporting, documenting these controls and assessing the business risks that affect their internal control system. We are experienced auditors and are available to perform initial and follow-up tests of controls. Our seasoned finance and accounting professionals are experienced in implementing control enhancements and operating efficiencies.