Internal Controls

Nearly three out of four companies in the U.S. have experienced some type of fraud event, according to recent fraud investigation surveys. Yet the majority of fraud carried out in small businesses could be prevented through improved corporate governance and better internal controls.

The need for internal controls in today’s business environment is clear. In addition to helping companies mitigate errors and fraudulent activities, these controls are the key to safeguarding corporate assets, ensuring financial information is accurate and reliable, and ultimately, driving your business objectives.

Warren Averett offers a variety of internal control examinations to assist your company in analyzing, documenting, designing or reviewing internal controls for your company. Some of our services include:

Internal Controls Assessments

  • Financial and information security risk assessments
  • Internal control examinations Internal control design and implementation
  • Internal control testing of operating effectiveness

Internal Controls Education

  • Employee training for cybersecurity awareness, effective controls, governance procedures, regulatory demands and more
  • Industry trends and news updates

Internal Auditing

  • Internal audit co-sourcing and outsourcing arrangements
  • Specialty internal audits (information technology, operational, etc.)
  • Internal audit staff augmentation
  • Agreed-upon procedures and engagements

Sarbanes-Oxley Compliance

  • Sarbanes-Oxley compliance consulting
  • Internal control compliance testing

System and Organization Controls (SOC) Reporting

  • Assistance with deficiency remediation Service Organization Control (SOC) Services
  • Service Organization Control readiness assessments
  • SSAE 16 / SOC 1 services (Type 1 & 2)
  • SOC 2 & 3 Trust Service Principle examinations (Type 1 & 2)

Meet Our Internal Controls Team

Learn more about our team members’ expertise, insights and how we can help you thrive