Available Online

In-Person Internal Audit

No payment required to book consultation

1 h

From 3,000 US dollars

Customer's Place

Service Description

An internal audit is an independent, objective review of a company’s financial processes, internal controls, compliance, and operational efficiency. 1️⃣ Financial Records Review Bank & credit card reconciliations General ledger accuracy Profit & Loss & Balance Sheet review Review of journal entries & adjustments Identification of misclassifications and errors Deliverable: ✔ Audit findings summary ✔ Correcting entry recommendations 2️⃣ Internal Controls Evaluation Who handles money vs who records it (segregation of duties) Cash handling procedures Approval workflows Access controls (QBO, POS, payroll) Fraud risk assessment Deliverable: ✔ Internal Control Risk Matrix ✔ Red-flag report (fraud or exposure risks) 3️⃣ Payroll & Contractor Audit W-2 vs 1099 classification review Payroll tax filings (941, state filings) Reasonableness testing (pay vs revenue) Payroll deductions & benefits review Deliverable: ✔ Payroll compliance checklist ✔ Misclassification risk report 4️⃣ Sales, Revenue & Cash Flow Testing POS vs deposits matching Cash vs card reconciliation Revenue recognition accuracy Refunds, chargebacks, and write-offs Deliverable: ✔ Revenue integrity report ✔ Cash leakage findings 5️⃣ Expense & Vendor Audit Review of high-risk expenses Duplicate payments Personal vs business expenses Vendor setup & approval Missing W-9s & 1099 exposure Deliverable: ✔ Vendor compliance list ✔ Expense misuse findings 6️⃣ Inventory or Asset Review (If Applicable) Physical inventory observation Inventory valuation methods Shrinkage risks Fixed asset existence & depreciation alignment Deliverable: ✔ Inventory variance report ✔ Asset verification checklist 7️⃣ Tax Readiness & Compliance Review Sales tax compliance State & local tax exposure Franchise & excise tax readiness Year-end close readiness Deliverable: ✔ “Audit-Ready” checklist ✔ Pre-tax filing corrections list 8️⃣ Final Audit Report (Executive-Level) Risk-rated findings (Low / Medium / High) Financial & operational impact Clear corrective action steps Optional follow-up audit Deliverable: ✔ Internal Audit Report (PDF + in-person debrief)

Cancellation Policy

Please note that once you have booked an appointment with us, it means that we have reserved time in our schedule exclusively for you. If you cancel your appointment less than 24 hours before it is scheduled to take place, you are subject to a rebooking fee of $99. (The cost of 1 hr paid consultation) To avoid a cancellation fee, please provide cancellation notice at least 24 hours prior to your appointment. All consultations that are FREE are via phone call/virtual meeting. You will receive a phone call at the exact time of your appointment (CST) from 615-236-1981.