Internal Controls / Internal Audit
New regulatory and compliance requirements are driving change at a relentless pace. Financial reporting, accounting practices and controls are the subject of unprecedented public and regulatory scrutiny and litigation. The pressure on directors, executives, internal and external auditors, and their respective legal counsel to demonstrate compliance has never been greater.
In this environment, establishing strong internal controls is critical. The importance, stature, and the level of expertise required of the Internal Audit function has been raised. With the certification and reporting requirements of Sections 302 and 404 of the Sarbanes-Oxley Act, management and audit committees look to Internal Audit to provide independent, objective, expert and candid reporting and advice regarding its internal and disclosure controls and corporate governance processes.
As an independent consulting organization, Navigant provides clients of all sizes with expert solutions and resources to address these increased responsibilities and new challenges. Partnering with clients, we can work alongside the Internal Audit department on a cosource basis, as special projects arise, or even on an outsource basis.
Our experience ranges from conducting an enterprise wide risk assessment for the purpose of defining the internal audit universe, to establishing Internal Audit departments to executing individual internal audit projects. Our services include:
- COSO based enterprise wide risk assessment
- Defining an audit universe and developing a risk based audit plan
- Executing individual internal audit projects
- Quality assurance and best practice reviews of the Internal Audit function
- Sarbanes-Oxley implementation and support
- Business and operational assessment and improvement initiatives
- Legal and regulatory assessment or compliance reviews
- IT system security and control reviews
- Whistleblower and special investigations
- Identifying and monitoring performance metrics
- Defining the role and objectives of a compliance function
- Defining and communicating the company’s vision for compliance and key corporate governance documents (Code of Ethics, Code of Conduct, Compliance Manuals)
- Training
Our success can be traced to the public accounting heritage of our professionals, many of whom are experienced Certified Public Accountants with a strong combination of consulting, accounting, and auditing.
