Risk Advisory Services—Internal Audit Reach Your ... Advisory Services ... project specific services. Working with management and the audit ... Approach to Internal Audit Services

Reach Your Organizational ObjectivesManaging business growth is often said to be, “A great problem to have.” Although brimming with opportunity, growth is also fraught with risk. As resources are stretched the likelihood of missed opportunities or failed performance measures grows just as quickly but the impact of these breakdowns can have long-lasting effects on the business and stymie growth in its tracks. This stress on your Organization’s system of internal control and the increased risk of unintended consequences is immeasurable. A high performing internal audit function can help ensure better risk identification and internal control discipline that reduces the Organization’s exposure to change during times of growth. Other benefits of having internal audit as part of your Organization’s risk management strategy are:

Reducing the likelihood of being blindsided by unforeseen risk events.

Reducing the likelihood of unintended consequences caused by undermanaged risk areas.

Improving control maturity and ensuring residual risk is aligned with management’s expectations.

Improving resource allocation to maximize opportunities and effectively manage risk.

Our professionals guide clients by providing tailored, scalable internal audit services across a variety of business environments. From multi-billion dollar publicly traded companies with international operations to some of the largest state and local government units in the US to single branch financial institutions and large nonprofits.

cbh.com

Risk Advisory Services—Internal Audit

cbh.com

Your Risk Advisory Services Team

Comprised of seasoned partner and manager-level personnel who possess unique backgrounds and skillsets our Risk Advisory Services professionals are prepared to assess your Organization’s risk and implement tailored audit strategies designed to be high impact and cost effective. Whether it’s helping drive your control maturity initiatives or enhancing your risk mitigation strategies our team has “been there and done that.”

In addition to the requisite experience, our team comes with the certifications that ensure that your Cherry Bekaert internal audit team is on the leading edge of the tools, techniques and technology necessary to bring you right-sized internal audit solutions. Our Certified Public Accountants (CPA), Certified Internal Auditors (CIA), Certified Information Systems Auditors (CISA), Certified in Risk and Information Systems Control (CRISC), Certified in Risk Management Assurance (CRMA) and Certified Fraud Examiners (CFE), have broad experience with international accounting firms and with major corporations.

We are prepared to provide our internal audit services using widely accepted internal control frameworks including COSO 1992, COSO 2013 and COSO ERM depending on your Organization’s requirements. Additionally, our information technology specialists provide internal audit services tailored to your IT control framework and risk universe. In many instances, this is likely to be the COBIT framework. In other cases, the framework might be one that a regulatory body has mandated, such as the FFIEC for financial institutions.

Our approach is designed to be scalable and tailored for your purposes rather than ours. To that end we are prepared to deliver our services under a variety of service approaches, including co-sourcing with your existing team, providing a turnkey internal audit function under an outsourced arrangement or providing project specific services. Working with management and the audit committee, our Risk Advisory Services professionals are prepared to help guide you in determining how much internal audit you need today and in the future.

We Use a Progressive Approach to Internal Audit Services

Tara Edwards, CPAPartner

[email protected] | 919.782.1040

Robert Hawley, CPASenior Manager


Scott McKay, CPA, CFE, CIA, CCSAPartner


John Richardson, CPA, CISADirector


Neal Beggan, CISA, CRISC, CRMAPrincipal


Deirdre Bland, CPA, CIAManager


Control Maturity

Better risk management leads to greater control maturity resulting in more controlled and predictable outcomes allowing your resources to focus on seizing opportunities rather than putting out fires.

Risk Management

Identified risks will be prioritized with specific management action plans associated with them - including internal audits, internal controls or other management monitoring techniques.

Risk Identification

With management’s POV and our experience we are prepared to dive into the organization to affirm or uncover those risks that put your objectives at risk.

Understanding

First we’ll seek to understand your business as seen through the eyes of management and the Board or other governing body.

Michael Townsend, CISA Manager


Documents

Risk Advisory Services—Internal Audit Reach Your ... Advisory Services ... project specific services. Working with management and the audit ... Approach to Internal Audit Services