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Internal Audit Services

How We Help You

Freed Maxick provides a full suite of Internal Audit services across industries, for organizations both large and small. Our experts work with you side-by-side to identify issues and to formulate the best possible response to address them. 

Internal Audit Transformation Consulting

Transforming the role of internal audit to meet ever-increasing expectations of boards, regulatory bodies, and stakeholders presents a significant resourcing challenge for many businesses. Internal Audit functions are being asked to take on new types of responsibilities and leadership roles to address increasingly complex and generally more regulated business environments. Freed Maxick’s team of professionals has significant experience helping organizations with realigning, maturing, or completely transforming internal audit functions to optimize value to key stakeholders.

Internal Audit Outsourcing and Co-Sourcing

Outsourcing or co-sourcing your internal audit function enables you to alleviate most day-to-day managerial requirements. It’s an effective approach for monitoring key risk areas within the organization and providing higher levels of assurance to the board. In either case, choosing the right model to address your internal audit needs is a complex decision.

Freed Maxick has a team of highly experienced internal audit resources ready to assist you in the extent your company requires. For full outsourcing engagements, our team will develop and execute a full-scope, risk-based internal audit plan. We will report results to executive management and the audit committee and coordinate with external auditors as needed.

Some companies prefer to maintain ownership of their internal audit function and look to Freed Maxick to supply professionals for critical projects or specialists on an as-needed basis, or to augment existing staff on an ongoing basis. Our co-sourcing arrangements are tailored to your organization, with our team supplementing yours by addressing specialized areas or providing specific expertise.

Internal Controls Consulting

When proactively applied, internal controls can significantly assist your organization in achieving its objectives. A thorough understanding of internal controls and how they create value is critical for any organization, regardless of size. An effective system of internal controls forms one of the foundations necessary to understand and manage risk. Evaluation of internal controls of current and potential vendors is increasingly becoming a key component of many organizations’ vendor management program.

Risks posed to an organization are dynamic and are continually in flux. Freed Maxick can help stay ahead in this ever-changing and complex environment. Our internal control consultants recommend the appropriate level of control for your organization, assess the design and operating effectiveness of your internal controls, and develop systems to monitor, assess and update those controls. 

Quality Assessment Review (QAR) Services

The Institute of Internal Auditors (IIA) recommends that all Internal Audit functions have a Quality Assessment Review performed every three to five years as part of an effective Quality Assessment and Improvement Program. The purpose is to determine the degree to which the functions are conforming to the IIA’s Internal Professional Practices Framework. Freed Maxick is qualified to perform QARs with our extensive expertise in the field of Internal Audit.

We have extensive expertise in the field of Internal Audit

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Your Experts

Sanath Rajapakse, CISA

Director

David J. Hansen, CPA, CISA, QSA

Director

Are you looking for Internal Audit Services from a New York CPA firm?

If so, simply fill out the form below or call us at 716.847.2651 for more information.