Internal Audit Support Services

Supporting Copy

Strengthen Internal Controls. Identify Risks. Improve Business Processes.

Strong internal controls help businesses protect assets, improve financial accuracy, manage risks, and operate more effectively.

Assurance360 provides Internal Audit Support Services to help organizations review financial and operational processes, evaluate relevant internal controls, identify potential risks and control gaps, document findings, and support remediation activities.

Our approach is designed to give management a clearer understanding of how important processes and controls are working and where improvements may be appropriate.

Key Benefits

Internal control assessment

Operational process reviews

Control gap identification

Audit documentation

Remediation tracking

Audit readiness

Financial process reviews

Risk and control evaluation

Internal audit planning

Findings and reporting

Management support

Strengthen Controls, Processes, and Risk Management

What Is Internal Audit Support?

Internal audit support involves reviewing selected business processes, controls, risks, and activities to help management understand whether controls are appropriately designed and operating as intended within the agreed scope.

Depending on your organization's requirements, an internal audit engagement may focus on:

Financial processes

Accounting controls

Accounts payable

Accounts receivable

Payroll

Cash management

Procurement

Expense management

Financial reporting

Operational processes

Technology-dependent processes

Compliance-related controls

The specific scope, testing approach, and reporting structure are defined based on your organization’s objectives and requirements.

Complete Support for Every Stage of the Audit

Why Internal Audit Support Matters

Internal audit is not simply about finding mistakes. It evaluates processes, controls, risks, and financial activities to identify opportunities for improvement and stronger business performance.

Our internal audit support helps organizations understand potential weaknesses, improve internal controls, reduce operational risks, and establish more reliable processes that support accountability, efficiency, and long term growth.

A well-designed internal audit process can help management understand:

What Could Go Wrong?

Identify relevant financial, operational, and control risks.

What Controls Are in Place?

Understand how existing controls are designed to address those risks

Are Controls Working?

Evaluate available evidence and identify exceptions within the agreed scope.

Where Are the Gaps?

Identify potential weaknesses, process gaps, or documentation issues.

What Should Improve?

Develop practical recommendations for management consideration.

Are Issues Being Addressed?

Track agreed remediation activities where included in the engagement.

Strengthen Controls and Improve Business Processes

Our Internal Audit Support Services

Start With a Clear Audit Scope

Effective internal audit begins with understanding what needs to be reviewed and why.

Assurance360 can support the development of an audit approach based on:

Business objectives

Key risks

Financial processes

Operational processes

Previous findings

Management priorities

Control environment

Regulatory or contractual considerations

Planning May Include

Audit objectives

Scope definition

Process identification

Risk considerations

Control areas

Testing approach

Documentation requirements

Reporting expectations

Understand Whether Key Controls Are Designed Appropriately

Internal controls are processes or procedures designed to help manage risk and support business objectives.

Assurance360 can review relevant controls within the agreed scope.

Control Areas May Include

Authorization Controls

Who has authority to approve transactions?

Segregation of Duties

Are important responsibilities appropriately separated?

Reconciliation Controls

Are financial records regularly reconciled?

Access Controls

Are system and financial access rights appropriately managed?

Review Controls

Are important transactions and reports reviewed?

Documentation Controls

Is sufficient evidence maintained to demonstrate that controls operate?

Review the Processes Behind Your Financial Data

Financial reporting depends on the processes that generate and maintain financial information.

Assurance360 can support reviews of relevant financial processes, such as:

General ledger

Accounts receivable

Accounts payable

Payroll

Bank reconciliation

Expense management

Revenue processes

Financial close

Journal entries

Financial reporting

Objective

Identify potential control weaknesses, process gaps, inconsistencies, or areas requiring management attention

Strengthen Your Vendor and Payment Controls

Accounts payable can involve significant transaction volume and multiple approval points.

An internal audit review may consider:

Vendor onboarding

Purchase approvals

Invoice approvals

Duplicate invoice controls

Payment authorization

Payment processing

Segregation of duties

Supporting documentation

Example Risk

An invoice is processed without appropriate approval.

Potential Control

Internal Audit Objective

Evaluate whether the relevant approval control is appropriately designed and operating within the review scope.

Review the Controls Around Revenue and Collections

Revenue and receivables are important areas for many businesses.

Customer onboarding

Billing processes

Supporting schedules

Billing processes

Revenue recording

Credit approvals

Collections

Receivables aging

Credit notes

Adjustments

Write-offs

Areas of Focus

Accuracy

Are transactions processed appropriately?

Authorization

Are relevant adjustments approved?

Completeness

Are relevant transactions captured?

Collection

Are overdue balances appropriately monitored?

Review Controls Around Employee Payments

Payroll involves sensitive financial and employee information.

Internal audit support may examine relevant controls around:

Employee onboarding

Employee master data

Payroll changes

Compensation changes

Time and attendance

Payroll approvals

Payroll processing

Payroll reconciliation

Employee termination

Payroll access

Potential Control Risks

Unauthorized employee changes

Incorrect compensation

Duplicate payments

Inappropriate access

Unapproved payroll adjustments

The exact review scope depends on the organization’s payroll process and systems.

Strengthen Controls Around Cash

Cash management is a critical internal control area.

An internal audit review may consider:

Bank reconciliations

Bank account access

Payment authorization

Cash receipts

Cash disbursements

Online banking access

Signatory controls

Cash forecasting processes

Reconciliation procedures

Objective

Help management understand whether relevant controls appropriately address identified cash-related risks.

Review the Controls Behind Purchasing

Procurement processes can create financial and operational risks if responsibilities and approvals are unclear.

Assurance360 can review areas such as:

Vendor onboarding

Vendor approval

Purchase requisitions

Purchase orders

Approval thresholds

Invoice matching

Vendor changes

Payment authorization

Vendor documentation

Three-Way Matching Example

PURCHASE ORDER

↓

GOODS / SERVICE RECEIPT

↓

SUPPLIER INVOICE

↓

MATCH & REVIEW

↓

APPROVED PAYMENT

Where applicable, reviewing this type of process can help management identify gaps in purchasing and payment controls.

Improve Visibility Over Business Expenses

Expense management controls can help organizations ensure that expenditures are properly authorized, documented, and processed.

Review areas may include:

Employee expense claims

Corporate cards

Travel expenses

Expense approvals

Supporting receipts

Reimbursement processes

Expense coding

Policy compliance

Potential Findings

Missing documentation

Inconsistent approvals

Policy exceptions

Duplicate claims

Incorrect coding

Strengthen the Process Behind Financial Reporting

The month-end or year-end close process can involve multiple people, systems, reconciliations, and review steps.

Internal audit support may assess:

Close procedures

Account reconciliations

Journal entries

Review and approval

Supporting schedules

Closing timelines

Outstanding items

Financial reporting controls

Objective

Identify opportunities to strengthen consistency, documentation, accountability, and control within the financial close process.

Look Beyond Accounting

Internal audit does not have to be limited to financial processes.

Depending on the engagement, operational processes may also be reviewed.

Examples

Order-to-cash

Procure-to-pay

Inventory management

Customer onboarding

Vendor management

Expense management

Service delivery

Workflow approvals

Business continuity processes

Focus

Process → Risk → Control → Evidence → Finding → Recommendation

Connect Risks With the Controls Designed to Address Them

Assurance360 can help management map relevant risks to existing controls.

Example

Risk	Control	Evidence	Status
Unauthorized payment	Approval workflow	Approval record	Reviewed
Duplicate invoice	Duplicate check	System report	Reviewed
Incorrect payroll	Payroll reconciliation	Reconciliation	Reviewed
Unauthorized access	Access review	Access listing	Reviewed

This provides management with a clearer view of how controls relate to business risks.

Evaluate Available Evidence Within the Agreed Scope

Internal audit testing can involve reviewing selected transactions, documents, system records, or other evidence to evaluate whether defined controls operated as expected.

Testing may include:

Sample-based transaction review

Documentation review

Approval testing

Reconciliation testing

Exception analysis

Process walkthroughs

Important

Testing procedures should be defined according to the engagement objectives, risk assessment, applicable professional requirements, and agreed methodology.

Turn Audit Observations Into Actionable Information

A useful audit finding should help management understand:

What Was Found?

Clearly describe the observation.

Why Does It Matter?

Explain the relevant risk or potential impact.

What Caused It?

Where appropriate, identify contributing factors.

What Could Improve?

Provide a practical recommendation.

What Will Management Do?

Document the agreed management response.

What Is the Status?

Track remediation progress.

Who We Help

Who Can Benefit From Compliance Review Services?

Small & Growing Businesses

Build stronger controls as your organization grows.

Businesses Preparing for Audit

Identify potential issues before an external audit or review.

CPA & Accounting Firms

Extend client support and accounting preparation capacity.

Mid-Sized Organizations

Manage increasingly complex financial, operational, and compliance requirements.

Established Organizations

Periodically evaluate changing risks and control environments.

Multi-Location Businesses

Review consistency across locations or business units.

Industries We Serve

Dedicated Finance Support Across Industries

Our dedicated professionals can support businesses across multiple industries.

Technology

E-Commerce

Infrastructure

Healthcare

Manufacturing

Professional Services

Hospitality

Trusted Accounting Platforms

Accounting Software Expertise

Our professionals work with leading accounting platforms, ensuring accurate bookkeeping, seamless financial management, efficient reporting, and reliable business support.

Internal Audit Process

A Structured Approach to Stronger Controls

We assess processes, identify risks, evaluate controls, and recommend practical improvements that strengthen operations and support better business decisions.

Understand

Understand the business, process, systems, objectives, and relevant risks.

Scope

Define the specific processes and controls to be reviewed.

Risk Assessment

Identify relevant risks within the review scope.

Control Mapping

Identify controls designed to address those risks.

Walkthrough

Understand how the process operates in practice.

Testing

Review relevant evidence within the agreed testing scope.

Findings

Document identified exceptions, weaknesses, or opportunities.

Recommendations

Develop practical recommendations for management consideration.

Reporting & Remediation

APresent findings and track corrective actions where included.

Why Businesses Choose Assurance360

Your Success Is Our Priority

Businesses choose Assurance360 for reliable accounting expertise, accurate financial solutions, dedicated support, cost savings, and scalable outsourced services worldwide.

Experienced Accounting Professionals

Our skilled accounting specialists bring industry expertise and platform knowledge.

Scalable Solutions

From startups to established enterprises, our services adapt to your business growth.

Cost Effective Outsourcing

Reduce operational costs while gaining access to experienced accounting talent.

Data Security & Confidentiality

We follow strict security practices to protect client financial information.

Real-Time Reporting

Access accurate financial data and business insights whenever you need them.

Global Service Delivery

Supporting businesses and CPA firms worldwide through secure cloud accounting solutions.

0+

Years Experience

0+

Active Clients

Frequently Asked Questions

Have Any Question?

What is internal audit support?

Internal audit support involves reviewing selected business processes, risks, and controls to help management identify potential weaknesses, control gaps, and opportunities for improvement.

What does an internal audit review?

Depending on the engagement, an internal audit may review accounting, financial controls, procurement, accounts payable, accounts receivable, payroll, cash management, operational processes, and other selected areas.

Is internal audit the same as an external audit?

No. Internal audit is generally focused on helping management and governance functions evaluate risks, controls, and processes. An external financial audit provides independent assurance on financial statements within the applicable audit scope.

Does Assurance360 perform statutory audits?

Assurance360 provides internal audit support, audit preparation, and financial audit assistance. Where an independent statutory or external audit is required, it should be performed by an appropriately qualified and independent auditor or audit firm.

Can you review our internal controls?

Yes. Assurance360 can support reviews of selected financial and operational controls within the agreed scope.

Can you help identify control gaps?

Yes. Internal audit reviews can identify potential control weaknesses, process gaps, documentation issues, and exceptions within the reviewed areas.

Do you test transactions?

Where included in the engagement, transaction or control testing may be performed using an agreed methodology and sample.

Can you review our accounts payable process?

Yes. Accounts payable can be reviewed for areas such as vendor controls, invoice approval, payment authorization, segregation of duties, and supporting documentation.

Can you review payroll controls?

Yes. Depending on the scope, payroll controls around employee changes, approvals, processing, access, and reconciliation can be reviewed.

Can you help with remediation?

Where included in the engagement, Assurance360 can help management track agreed corrective actions and remediation progress.

Can you work with our existing CPA?

Yes. Assurance360 can work alongside your existing CPA, accounting firm, internal finance team, or other professional advisors.

Do you provide internal audit support to CPA firms?

Yes. Assurance360 can provide defined internal audit, control review, risk assessment, and related support to CPA and accounting firms.

Ready to Improve Your Financial Management?

Partner with Assurance360 for professional general accounting services that provide financial clarity, reporting accuracy, and operational efficiency.

Whether you need outsourced accounting support, financial reporting, reconciliations, or a dedicated accounting team, our experts are ready to help.