Internal Audit Commercial Services

Increasingly complex financial reporting processes and IT environments make it unlikely that any internal audit department would have the resources to meet all the demands placed upon it. At Wolf & Company, we have the following services available to fill your Internal Audit needs.

Risk Assessment

The ability to create a centralized view of operations provides managers a greater understanding of their risk profile and allows them to budget and plan accordingly. WolfPAC Integrated Risk Management allows your organization to view its risk profile across the people, processes and technologies deployed. The dashboard view of the information gives you insight of your organization's risk exposure and enables you to save time and money by putting these limited resources where they are the most needed.

Operational Controls

Every organization deals with timeframe, skill set, and personnel limitations. At Wolf & Company, our personnel hold extensive professional certifications ensuring that they have the expertise for all of you Internal Audit needs or to help you smooth the workload during peak demand periods. We can advise your Audit Committee on the structure and effectiveness of your Internal Audit related activities, risk assessment evaluation, and decreasing your risk exposure. Additionally, we can perform quality assessment reviews of your Internal Audit department adhering to the standards set by the Institute of Internal Auditors.

Financial Controls & SOX Compliance

The financial reporting controls will only become more complicated. In order to handle the requirements, Wolf & Company can provide a cost effective, risk based approach to maximize the effectiveness of the resources to comply with sections 404 and 302 of Sarbanes Oxley (SOX).

IT Assurance

Using the COBIT framework, our IT Assurance specialists will help you assess technology-related risks and test specific technologies and applications to comply with SOX requirements. We will help you to improve your business processes and can provide oversight for the implementation of technology systems.

Fraud Prevention

While we cannot guarantee that your organization will never experience fraud, we can help you to put systems in place to be able to find it, increase awareness of dangerous activity through personnel training, and research it if it does happen using forensic accounting.

Please contact Scott C. Baranowski, CIA, (617) 428-5413 to obtain more detailed information on these services.

Wolf and Company, P.C. is one of the only firms in New England that provides comprehensive risk management solutions including, information technology assurance, internal audit and regulatory compliance services. We also offer WolfPAC^SM, a secure, on-line suite of control assessment services providing on-going self-evaluation and professional analysis of a control environment.