Internal Audit – Outsourcing and Co-sourcing
Outsourcing or co-sourcing internal audit helps an organization attain flexibility and reduce costs by complementing existing personnel, providing access to variable skill sets, and right-sizing the internal audit function based on the organization’s risk profile.
Our professionals are audit experienced and audit minded individuals who have years of experience. The experience and professional approach provide for efficient and reliable results, relied upon by your independent auditors and audit committee. As independent consultants, we are objective, professional and efficient in the execution of our audit plans. We utilize electronic audit solutions as well as proprietary testing and reporting templates that communicate and evaluate audit results concisely and completely.
Whether outsourced or co-sourced, we can flex our auditors by assignments, saving overhead costs and focusing your audit dollars on those projects where you see benefit. We also provide the people, methodologies, and tools to achieve regulatory compliance and improve internal control processes. This improves resource utilization to allow greater focus on strategic initiatives.
Foreign Corrupt Practices Act (FCPA) Controls
Doing business in foreign countries raises your risk profile for FCPA compliance. Prevention is the best medicine, and our experienced consultants can help you design and implement a code of compliance and control procedures to prevent violations of the FCPA. We also provide remediation assistance when working through compliance issues under investigation. We have significant experience in FCPA compliance assistance and understand the control issues, as well as the documentation and evidence requirements. We work with your management team and corporate counsel to prevent and resolve FCPA concerns.
Sarbanes-Oxley
Sarbanes-Oxley (SOX) compliance requirements have elevated the roles and responsibilities of organizations, relative to internal controls and financial reporting expectations, and have increased the accountability of top company executives. Corporate disclosure, compliance oversight, controls monitoring and testing, and company training have all been impacted by these requirements.
Morgan Garris is a highly respected expert in assisting organizations with corporate governance initiatives. The firm works closely with boards and senior management of companies to help them document their internal controls over financial reporting and disclosure controls and procedures; assess, design and recommend improvements in processes and controls; and organize and manage projects for complying with the Sarbanes-Oxley Act.
We provide efficient and objective testing of internal controls, routinely relied upon by our clients’ independent auditors. Most of our clients have locations across the globe. We provide seasoned professionals who work on-site to ensure accurate documentation, testing, and resulting communication of accurate results.
Financial Services and Consulting
To improve business performance, organizations need to streamline and automate their processes. This will generate performance improvement at both the functional and enterprise levels. We perform our analyses and services to provide increased visibility into current performance, determine and report upon key financial drivers and operational data, and enhance decision making.
Our experts know how to apply the necessary tools to improve efficiency in workflow and exception management and to create healthy control environments. This is especially achievable when you leverage off your Sarbanes-Oxley initiatives.
Information Technology Risk Services
Running an IT department while balancing risk has always been a big challenge for companies. Sarbanes- Oxley has only made this challenge more difficult and has added confusion. Our IT Risk Consultants are experienced in IT and IT risk management to provide guidance and assistance by utilizing effective risk versus cost analysis within your environment. We are qualified to help your company with network vulnerability / risk assessment, IT general controls in compliance with Sarbanes-Oxley, IT audit, IT management, and other IT risk and security management areas.
Professional Staff Augmentation
These services are offered through our sister company, Resources on Deck, LLC.