In a post-Enron environment that emphasizes Accountability, Transparency and Accuracy in financial reporting, businesses of all sizes in every major industry need the comfort and higher level of control afforded by having a responsive, professional and competent internal audit staff. An internal audit function will often pay for itself many times over if it is properly designed, managed and focused on those areas that create the most corporate risks for the business.


In short, many businesses cannot afford not to have an internal audit presence in their business. The problem is, however, that most businesses don’t know how to use the internal audit staff or how to establish and manage an internal audit department. As a result, internal audit often becomes a cost center instead of its intended objective of being a profit center for the business. Internal auditors are trained in many different ways and have varying backgrounds that may or may not include contemporary training in Generally Accepted Auditing Standards (GAAS) or Generally Accepted Accounting Principles (GAAP). In our current environment, a comprehensive and current understanding of both GAAS and GAAP is critical to the success of the internal audit department.


For many businesses, the concept of outsourcing the internal audit function to an independent internal audit firm has significant cost-effective advantages, including the following:

• Affordable — Internal audit firms provide ala carte services that can be drawn upon only when needed and at rates that are affordable.
• Reliable — Internal audit firms provide a “firm” concept to the internal audit function, thereby eliminating the risk of turnover of internal audit staff as Full Time Employees (FTE’s).
• Reduces Overhead and Headcount — by using an outsourced internal audit firm, the business does not have to add to its fixed overhead or headcount in the business.
• Comprehensive Internal Audit Function — Alerding Internal Audit provides a comprehensive approach to establishing, directing and managing the entire internal audit function.
• Responsive and Reliable — Alerding’s internal audit group will respond to your needs when you need assistance throughout the year.
• Education for Company Staff — our staff are always current on recent changes to GAAS and GAAP and will transfer that knowledge to your staff.
• Independent — outsourced internal auditors are favored by Audit Committees and external auditors because they maintain the highest level of independence and competency.

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