Businesses and eligible institutions can review how transactions are recorded, reconciled and approved. We agree the internal-review objective, records and reporting responsibility before starting.
Choose a process such as purchases, receipts, bank reconciliation or expense approval. Establish the period, sample records, responsible staff and expected report before work begins.
Trace records and identify exceptions
Compare the selected records with agreed procedures, document missing evidence and discuss unexplained differences with management. The scope determines the extent of testing and the basis of observations.
Turn observations into follow-up actions
Record the issue, supporting evidence, management response and proposed action owner. A later follow-up can assess the records supporting completion of agreed actions.
Confirm the appointment and independence
Internal review does not replace statutory audit or a regulated assurance opinion. Professional eligibility, independence and any required appointment are checked for the specific assignment.
Before we begin
Does internal review replace statutory audit?
No. The internal-review engagement has its own scope. Any statutory audit or regulated assurance appointment requires the applicable professional eligibility.
Can the review focus on one process?
Yes. A bounded process and reporting period can be agreed before testing begins.
Agree the work before sharing records.
Tell us the period, approximate workload and the help you need. We confirm the records, responsibilities, review process and fees before accepting the assignment. Use the enquiry form for a brief description; document exchange is arranged separately.
Whether you need regular accounting support, help with pending records or a team to assist your accounting practice, send us a brief outline. We will discuss the scope, records required and the next steps.