Services
Process and Control Review
Strengthening your controls to help meet your business needs
Internal audit teams are often understaffed or require additional independence or expertise to complete audit engagements. Executive and Senior Management periodically require assistance in reviewing and assessing business processes, internal controls, new process implementations or compliance with internal policies and procedures.
Independent, efficient and cost-effective assurance
POWELLDORIAN has conducted process and control reviews and audits at numerous corporations, public sector organizations, and non-profit associations throughout Western Canada. Our professionals have assisted as audit managers overseeing the employees of clients, audit team members and as independent reviewers conducting entire process reviews from cradle to grave.
Our internal audit expertise enables our team members to gain an understanding of the process being assessed, identify the key risk areas, develop a review plan, assess the internal policies and controls related thereto and make practical recommendations to improve both efficiency and effectiveness.
What we can do for you
PowellDorian’s professionals have assisted clients in the following ways and can do the same for you:
- Recommendations were made to enhance internal expenditure policies where the organization was at excessive reputational risk. The enhanced policy enabled the identification of a contravention where a sizeable loss occurred resulting in the dismissal of an employee for the contravention.
- A misinterpretation of internal policy resulted in an employee erroneously claiming expenditure. The company was reimbursed and the policy was clarified.
- An employee was found to be falsifying expenditure claims and claiming non-business related expenses for reimbursement. The organization was reimbursed and the employee was subsequently dismissed.
- A review of expenditure policies highlighted inefficiencies in one area and risks in other areas of the organization resulting in requests for additional audit and review work to strengthen internal controls.
- Inefficiencies in the contract management and vendor approval process resulted in numerous recommendations to streamline the process and realize organizational efficiencies.
- A review of a multi-million dollar contract identified contract and vendor mismanagement and inefficiencies. Recommendations resulted in the reorganization of the contract management team, replacement of vendor management and the establishment of key performance metrics.
- Reviews of funding agreements identified capital and operating expenditure items disallowed under the agreements. Recommendations resulted in refunds to the funding agency.
- A review of the implementation of a new point of sale system revealed some inconsistencies in implementation in different branch offices, areas for improvement in controls and process steps, and best practice efficiencies in some offices that could be replicated in others.
Travel and reimbursable expense audits
Contracts and contract management audits
Contribution and funding agreement audits
Implementation reviews
We’re here to help
With extensive experience in internal audit and process reviews, POWELLDORIAN’s professionals are available to assist with individual projects, provide your internal audit team with additional resources or help your management team with an independent review.
Contact us and schedule a complimentary meeting with our subject matter specialists today, or call 1.778.588.7210 to discuss the internal audit needs of your organization.
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Alec St. John, CSFA Director, Internal Audit and Advisory Services |
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+1.778.588.7257 |
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