Internal Audit Services and Quality Assurance Reviews

Building strong foundations

We provide an internal audit plan that addresses workflow, risks, and controls under the lens of four foundational elements to enable efficient and effective operations: people, process, technology, and strategy.

solution overview

our technology stack

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Based on risk assessment results, management concerns, or compliance requirements, we collaborate with you to determine the scope of the audit and identify the key stakeholders. From there, we conduct our internal audit:

  • Conduct detailed, corroborative interviews/walkthroughs with key stakeholders to gain an understanding of the current state of implemented controls and identify and potential control/process gaps
  • Perform substantive testing and data analysis of key internal controls and processes to determine the sufficiency of design and operating effectiveness of implemented controls
  • Report on the potential risks and impacts of identified deficiencies, utilizing specific and measurable attributes to best estimate the impacts in an actionable format
  • Provide recommended corrective action plans to jumpstart the remediation process for the identified deficiencies

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The Model

Level 1 - Foundational

Consists of 17 practices and included an annual self-assessment.

Level 2 - Advanced

Consists of 100 practices of the NIST 800-171 and requires certification by a C3PAO.

Level 3 - Expert

Consists of 110+ practices of the NIST 800-171 and is currently in development. Certification will be led by government assessments.

Our Solutions

Our team of professionals collaborate with customers to:

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Develop company specific accounting solutions, ranging from general ledger bookkeeping and analysis to comprehensive accounts preparation to full-service outsourced CFO support.

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Identify areas for financial, operational, and procedural improvement throughout the organization.

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Anticipate future evolutions in the market and develop forward-looking strategies that drive greater efficiency and increase profitability.

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An independent firm associated with Moore North America.

In today’s global marketplace, you need guidance on diverse issues in diverse markets. Elliott Davis offers our customers access to national and international resources through our association with Moore, one of the world’s largest CPA firm associations with resources in every major market around the globe. That means no matter where your business takes you, Elliott Davis has resources already there and available to assist your needs. More information is available on our International practice page.

Elliott Davis is an independent member firm of Moore North America (MNA). MNA is a regional member of Moore Global Network Limited (Moore Global). All the firms associated with MNA are independent entities, owned and managed in each location. Their membership in, or association with, MNA should not be construed as constituting or implying any partnership between them.

Find Your Solution

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Solutions by Industry

Every industry has its own nuances. We take that into consideration and approach business solutions with the specific lens required of your field. Our teams are comprised of talent with relevant experience and we’re prepared to meet every challenge.

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