Due to the increased focus on corporate governance in today’s society, the need for organizations to consider and evaluate their internal controls is not limited to publicly owned companies affected by Sarbanes-Oxley. Veris offers training seminars in COSO Internal Control Framework to ensure management and employees obtain the necessary understanding of the legislation and the appropriate evaluation procedures.

In many instances our Sarbanes-Oxley procedures are documenting controls over financial reporting, reviewing controls and performing a gap analysis to the COSO Framework, developing and executing testing plans to verify that controls are operating effectively, and evaluating deficiencies and implementing remediation plans.

QAR evaluates the effectiveness of an organizations internal audit department. This assessment is conducted to ensure the internal audit activity, charter, policies and procedures are in compliance with the Institute of Internal Auditors (IIA) Standards and the Code of Ethics.

We obtain an understanding of the role of internal audit, expressed by the board and executive management, to determine whether the audit activity adds value and improves the organization’s operations. After evaluating the tools and techniques employed by the internal audit department, we provide recommendations for areas of quality improvement for the internal audit department.