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Internal Audits

AUDIT & ASSURANCE

Enhance Governance and Drive Performance

What is an Internal Audit?

An internal audit is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps a company accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

Far from being a simple “checking” exercise, a modern internal audit function provides critical insights to leadership and the board. It identifies areas where processes can be improved, risks can be reduced, and performance can be enhanced, acting as a catalyst for positive change.

 

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The Benefits of a Strong Internal Audit Function

Whether you are co-sourcing with an existing team or fully outsourcing the function, a strategic internal audit provides significant value beyond basic compliance.

  • Improve Risk Management: Identify, assess, and mitigate risks across your entire organization, from financial and operational to strategic threats.
  • Strengthen Internal Controls: Evaluate the effectiveness of your controls designed to prevent fraud, waste, and error, ensuring they are working as intended.
  • Enhance Operational Efficiency: Uncover process bottlenecks, redundancies, and inefficiencies that are silently draining resources and hindering growth.
  • Ensure Compliance: Independently verify that your organization is adhering to laws, regulations, and internal policies.

Services Overview

 Operational Audits

Evaluate key processes, such as procurement, inventory management, or customer service to identify areas for improvement.

Financial Audits

Review financial reporting and controls to prevent fraud.

IT Audits

Assess technology infrastructure and policies for security and data integrity.

Regulatory Audits

Test adherence to regulations and standards

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Meet the Team

JJ Edmunds

JJ Edmunds

CPA, CIA, CISA, MSA
Partner, Risk Advisory Services
Richmond