Internal Audit

Internal Audit Outsourcing

In today’s environment, the analysis, evaluations, assurances and recommendations provided by internal audit to management and boards make the Internal Audit function a critical tool for managing risks. Veris provides internal audit services on a fully outsourced or as-needed to complement an established internal audit function. We work with management to develop the most effective and efficient means to ensure the financial reporting, regulatory and operational risks are in line with the company’s strategic goals.

Our experience enables us to provide a cost-effective and efficient internal audit service, a broader perspective and access to current industry practices and knowledge.

Risk Assessment

We work with management, through interviews and review of internal documents, to understand management’s assessment of the significant risks and identify the critical controls for managing those risks.

Based upon the risk identification and assessment process, we are able to draft a company-specific audit plan to address the risks and prioritize internal audit projects.

Process Reviews

Either as part of the scope of our internal audit or when management finds the need for an independent review of a process, we have specialized resources with the background and experience to perform a detailed review of the business process.

Our professionals understand the objectives of various processes and are able to identify potential deficiencies in an organization’s process structure to mitigate any potential risk or fraud. We offer recommendations based upon industry practices for management to improve upon current practices.

Enterprise Risk Management (ERM)

ERM is an integrated, organization-wide approach to operating a business. We assist management in restructuring management’s focus which includes performing an independent review of the model to evaluate the functionality, developing enterprise-wide training programs to ensure ERM is an essential part of the daily routine, and developing and defining policies and procedures for the frequency and responsibilities of risk assessments and reporting requirements.