- Audit & Accounting Services
- Employee Benefit Plans
- Public Offerings & Private Placements
- Risk Advisory
- Internal Audit Advisory
- Risk-Based Auditing
- Controls Rationalization
- Enterprise Risk Management
- Information Technology(IT) Audit and Governance Advisory
- Fraud Advisory Services and Investigations
- Sarbanes-Oxley Advisory
- SAS 70 Readiness
- Corporate Governance and Ethics
- Regulatory Compliance
- Internal Control for Nonprofits and Private Companies
- SEC Reporting
- Small Business Accounting Support
- SAS 70 Audits
- Tax Services
- Business Consulting Services
- Wealth Advisory Services
Risk-Based Auditing
With the many changes in reporting standards for public as well as private companies, internal audit departments are required to shift the focus of their audits from financial transaction streams or balances as of a point in time to a program that addresses emerging risks to the achievement of financial, external compliance and internal operational objectives as audit priorities change.
To guide clients through a risk-based audit, our Risk Advisory Services professionals ensure that an organization’s existing audit plan is and will continue to be aligned with the organization’s most significant risk areas. Our approach recognizes that in order to be effective, your audit department’s goals, risk management initiatives must be integrated into the business units and become aligned with the broader strategic focus of board members and senior management.
EKS&H provides strategic planning for audit departments that desire to benefit from a truly integrated, risk-based assessment which considers the pervasive effects of a strong control environment, the organization’s risk assessment initiatives, and information technology activities and controls.
Clients who use EKS&H’s risk-based auditing and audit plan development services enjoy many benefits, including:
- Concentration of internal audit efforts on the areas of highest priority to senior management and the board and its committees
- Increased understanding of audit objectives and results from year to year
- A clear and thorough plan for compliance efforts and audits of operational, financial and compliance processes
- Clear identification of risk, control and process owners