Approach & Methodology
Our seasoned internal audit team has extensive experience in risk assessment, which is the backbone of the internal audit function. We work closely with both external auditors and audit committees to ensure that our procedures meet the needs of the organization in the most efficient and cost-effective manner. KraftCPAs also provides assistance with remediating prior audit issues and documents follow-up results in our reporting process. While valuable to any business, the remediation process is particularly helpful to clients that must be prepared for regulatory exams. Working with clients in highly regulated industries, we are accustomed to regulatory scrutiny of our internal audit work.
Types of Engagements
KraftCPAs provides a variety of internal audit service options including, but not limited to:
- Complete Outsourcing
- Staff Supplementation
- Integrated Audits (Financial, Operational, IT)
- Special Projects
Learn more about the types of engagements that KraftCPAs offers.
Internal audits are performed in accordance with the International Standards for the Professional Practice of Internal Auditing issued by the Institute of Internal Auditors as well as ISACA (Information Systems Audit and Control Association) standards.
Cost Savings and Opportunities for Other Efficiencies
- Industry-Specific Audit Programs and Staff Training
- Continuity, Specialists, and Access to Various Levels and Skill-Sets
- External Audit Assistance
- Best Practices and Benchmarking
- Sarbanes-Oxley (SOX) Testing Coordination
Learn more about the benefits of outsourcing your internal audit to KraftCPAs.