LG’s internal control outsourcing services can help you establish an internal audit function from scratch or transform an existing, compliance-only audit program into a proactive, value-added audit function. Whether as a co-source provider or an entire outsource solution, our internal control outsourcing services can help you in the following areas:

• Audit plan development
• Operational audits of business entities and processes
• Financial reporting process audits
• Quality assurance reviews of existing audit programs
• Assessment of risk management processes
• Internal controls review
• Forensic audit
  

As companies comply with the reporting requirements of Sections 302 and 404 of the Sarbanes-Oxley Act, internal control is becoming a vital function in these initiatives. This reliance includes both short-term issues during the implementation phase, as well as longer-term reliance on the role and responsibilities of internal control in the process.

A company should consider outsourcing its internal control functions when:

• The internal audit function can’t keep up with the changing risks facing the business.
  
  
• It’s difficult to recruit and retain internal audit professionals in all of the key skill areas.
  
  
• It needs to supplement the in-house internal audit function with specialist skills.
  
  
• The internal audit function has insufficient resources to cover the geographic scope of the organization.
  
  
• The organization considers internal audit to be a non-core activity so it needs to find an external provider.
  
  
• The organization needs to assess the effectiveness of risk management, internal audit, and its corporate governance procedures.

How LG can help:

We can assist organizations that need help improving the quality and effectiveness of their internal control processes in several ways:

• LG can advise and develop the internal audit and risk management methodologies, including assessing whether the internal audit function is delivering effectively to stakeholders.

• LG can provide internal audit resource solutions, including full outsourcing or complementing in-house functions with specialist skills or geographical coverage.

• LG can develop training for internal auditors using our extensive industry knowledge.
  

Audit Command Language (ACL) Services:

Lyndon Group can be a great resource with audits that involve ACL analysis. ACL is one of the most widely used data extraction and analysis products available for fraud detection and prevention in the audit profession.

Lyndon group can provide a data analysis expert with extensive experience in logical analysis and problem solving to help clients with ACL projects including:

• Fraud Detection

• Data Mining

• Continuous Monitoring

• General Audits (Accounts Payable, Purchasing, Benefits, Contracts etc.)

• One-on-One Training

• Scriptwriting

Also keep in mind that a lot of the continuous monitoring that Sarbanes-Oxley requires can be accomplished by using ACL. Most of these projects can be done locally and/or remotely.

Contact us today to learn how LG can add value to your organization.