Internal Audit Consulting

  • Former Federal Agents
  • 100 Years of Combined Experience
  • Investigations, Compliance & Defense
Chris Quick

Former Special
Agent (FBI & IRS)

Roger Bach

Former Special
Agent (DOJ-OIG & DEA)

Timothy Allen

Former Special Agent
(U.S. Secret Service & DOJ-OIG)

Ray Yuen

Former Special
Agent (FBI)

Michael S. Koslow

Former Special
Agent (DOD & OIG)

An Internal Audit Consulting Firm Led by Former Federal Agents

Tim Allen

Internal Audit Team Lead – Timothy E. Allen | Former Special Agent (U.S. Secret Service & DOJ-OIG)

Our internal audit firm provides consulting services to companies nationwide. We work with companies in all industries and industry sectors, from hospitals and pharmacies to private equity funds and family investment offices. Having formerly served in top positions at the Federal Bureau of Investigation (FBI), U.S. Department of Justice (DOJ), and other federal investigative agencies, our consultants and specialists are well-versed in contemporary audit tactics, and we bring centuries of relevant experience to helping companies avoid liability during federal inquiries.

Conducting Internal Audits: Why (and When) Are They Necessary?

Companies in various industries must conduct internal audits on an ongoing basis to ensure statutory and regulatory compliance. From securities law compliance to compliance under the Controlled Substances Act and Medicare billing rules, companies’ compliance obligations can take many different forms.

We assist companies with all aspects of internal auditing, from developing audit plans and strategies to conducting the audits themselves. We assist our clients both on-site and remotely, and we provide concrete and practical advice that our clients can use to make informed decisions in real time.

In addition to assisting with scheduled internal compliance auditing, we also consult with companies regarding ad hoc internal audits as well. The need to conduct a targeted internal audit can arise under various circumstances. For example, we routinely consult with companies that are facing matters such as:

  • Federal compliance audits and investigations
  • Civil and commercial litigation
  • Employee harassment, discrimination, and wrongful termination claims
  • Cybersecurity breaches
  • Mergers and acquisitions

Regardless of why an internal audit is necessary, comprehensiveness is the key to making informed decisions. If any data source goes overlooked, this could frustrate the entire purpose of the audit. With our consultants’ and specialists’ backgrounds and expertise, we are able to ensure that our clients have all of the data they need, and we are able to help them make strategic decisions with confidence.

Put our highly experienced team on your side
Roger Bach

Former Special Agent (OIG)

Timothy E. Allen

Former Senior Special Agent U.S. Secret Service

Chris J. Quick

Former Special Agent (FBI & IRS-CI)

Maura Kelley

Former Special Agent (FBI)

Ray Yuen

Former Supervisory Special Agent (FBI)

Michael S. Koslow

Former Supervisory Special Agent (DOD-OIG)

Dennis A. Wichern

Former Special Agent-in-Charge (DEA)

Marquis D. Pickett

Special Agent U.S. Secret Service (ret.)

Outsourcing Internal Audits & Our Consulting Services

We provide comprehensive internal audit consulting services focused on ensuring that our clients have the information they need when they need it. For regularly scheduled and ad hoc internal audits, our services include:

  • Pre-Audit Due Diligence – We determine the appropriate scope of the audit, identify all relevant data sources, and determine which internal personnel should (and shouldn’t) be involved in the audit process.
  • Audit Structuring and Planning – We structure and plan our clients’ internal audits to ensure that they are both comprehensive and as efficient as possible.
  • Audit Execution – We conduct all aspects of the audit itself, from working with third-party data storage vendors to using our in-house technology to scan employees’ laptops, phones, and tablets for relevant information.
  • Management and Oversight – When working with internal personnel during the audit process (as will often be necessary to ensure access to all relevant data), we manage and oversee these personnel so that our clients’ leaders can remain focused on conducting business as usual.
  • Data Analysis and Reporting – Relying on their extensive government and private-sector experience, our consultants analyze the data in light of the concerns or compliance obligations underlying the audit and report to our clients’ leadership teams with summarized data and recommendations that they can use to lead their companies forward.

FAQs: Internal Corporate Audits

Q: How often should my company be conducting internal audits?

The frequency with which companies should conduct scheduled internal audits depends on factors ranging from the purpose of the audits to the company’s compliance history. While conducting an annual full-scale audit is a good rule of thumb, there are various circumstances in which it will be prudent to conduct internal audits more frequently as well.

Q: Why shouldn’t my company handle its own internal auditing in-house?

Conducting an internal audit requires expertise in both the subject matter of the audit and the necessary auditing procedures. Unless your company has personnel with this combined expertise in-house, you will need to engage an outside consulting firm to handle your company’s internal audits.

Q: What should my company do if an internal audit reveals compliance deficiencies or other failures?

Too often, companies view internal auditing as an effort to rubberstamp their compliance policies and procedures. However, an internal audit should not be biased toward one particular outcome, but rather designed to produce accurate and reliable information—whatever that information may be.

If an internal audit reveals compliance deficiencies or other failures, then the next step is to determine what needs to be done in order to remedy the issues that have been identified. In addition to providing audit consulting services, we assist our clients with all aspects of compliance, cybersecurity, and risk management as well.

Q: What are the steps involved conducting an internal audit?

There are several steps involved in conducting an internal audit. When clients engage us to help them conduct internal audits, our process starts with identifying the specific reason (or reasons) for the audit. Internal audits can target a virtually endless list of potential corporate concerns, and determining the scope of the audit is the first step toward gathering actionable intelligence.

Next, we work with our clients to structure their internal audits taking into account their organizational structure, the sources of information that need to be examined, and other factors. Then, we work with our client to develop a collaborative team of internal personnel and consultants from our firm. Finally, we conduct the audit itself, processing relevant data in real time so that our clients can make informed decisions as soon as possible.

Q: Does my company need to hire a consulting firm for conducting internal audits in addition to engaging legal counsel?

Yes. There are several benefits to engaging the right strategic consulting firm in addition to engaging legal counsel when conducting an internal audit. Our internal audit firm is led by former federal agents bring a wealth of unique experience and insights to helping companies structure and conduct internal audits, and we work with our clients’ legal counsel to address deficiencies in our clients’ compliance policies and procedures when necessary.

Schedule an Appointment With Our Internal Audit Consultants

If you would like more information about our internal (and healthcare) audit consulting services, we encourage you to get in touch. To speak with a senior former federal agent about your company’s needs in confidence, please call 866-352-9324 or inquire online today.

Tag: Internal Audit Company, Internal Fraud Investigations

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Contact Team Lead, Timothy Allen,
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Call 866-352-9324 or request an appointment online. We are available 24/7, and our consultants can take action immediately to protect your company.