Internal Audit Outsourcing
Our consultants have many years’ experience, not only in internal audit and SOX compliance, but also in business operations, finance, accounting and information technology. Our heavy experienced-based approach yields high efficiency and productivity in the audit process. JC Jones’ also leads the Upstate NY Audit Executives Roundtable.
Experience in Internal Audit Services
- Internal Audit Strategy Reviews
- Audit and Risk Management Software Solutions
- Operations Efficiency Audits
- SOX Audits (Comprehensive Automated Solution)
- IT General Controls and Vulnerability Audits
- SOX Risk‐Based Optimization Assessments
- Financial Reporting Audits
- Control Self Assessment Methodologies and Tools
- Fraud Investigation and Specialized Audit Services
- Supplemental Internal Audit Resources
- Audit Committee Representation
Internal audit and Sarbanes‐Oxley (SOX) compliance functions are in the spotlight today. The question of whether or not to outsource continues to be difficult to answer for most companies.
Many companies want Internal Audit to go beyond their traditional purpose to help profitability by providing positive input and suggestions to improve the business, while continuing to provide assurance that business operations are properly controlled. This creates a staffing and cost dilemma. How can you control internal audit operational costs while providing the depth of experience and expertise you require to achieve both of these important objectives?
Internal Audit Co-Source
Our years of internal audit and Sarbanes‐Oxley experience have taught us that co‐sourcing is an effective solution.
- Co‐sourcing creates an internal/external partnership combining the focus, expertise and depth of both internal and external resources.
- Co‐sourcing allows management to minimize the fixed cost of Internal Audit while generating efficiency, effectiveness and flexibility beyond company resources.
Internal Audit Outsource
For companies that lack internal resources to maintain a cost effective internal audit function, JC Jones offers a full outsource solution.
- In full outsource situations, we report directly to senior management and/or the Audit Committee as appropriate.
- JC Jones & Associates is expert in helping companies build and transition to productive co‐sourced internal audit operations.
Collaboration portals have come of age and now offer basic functionality that, if well developed, can support an efficient management of Internal Audit.
JC Jones has combined their expertise in Internal Audit with Microsoft SharePoint®’s collaboration portal capabilities and developed a world class Internal Audit Management application. This application has a proven track record in meeting the ever increasing challenges facing today’s Internal Audit functions. The JC Jones approach provides an efficient, cost effective, flexible solution that takes Internal Audit to the next level.
With stakeholder demand for bottom‐line results and regulatory requirements for the accuracy of financial statements, internal audit functions are feeling pressure from all sides. Specific areas of concern in today’s environment:
- Need to reduce costs and enhance efficiency through automation
- Increasingly complex processes may require highly specialized skill sets and business knowledge
- Demand for faster turnaround of audit results and reports by stakeholders
- Expectation to deliver value‐adding projects
- Mounting demand from current and new stakeholders to monitor a wider range of risks (Sarbanes‐Oxley,
HIPAA, trade laws, fraud as well as other legal and regulatory compliance)
Internal Audit must meet these challenges with limited internal and external resources and the unavoidable budget pressures to do more with less. Internal Audit is compelled to find new and innovative ways to leverage People, Process and Technology.
Internal Audit, Risk and Compliance Services: Areas of Expertise
JC Jones provides System and Organization Controls (SOC) reporting focused on controls at a service organization relevant to security, availability, processing integrity, confidentiality, or privacy.Learn More
The JC Jones top-down, risk based approach to Sarbanes-Oxley (SOX) compliance, coupled with our automated software solution, has a proven track record of providing substantial savings in compliance costs.Learn More
Internal Audit Quality Review
JC Jones provides Quality Assurance Reviews (QAR) in accordance with IIA Standards while leveraging our 20+ years of internal audit experience to assess the image and credibility of your department.Learn More
Internal Audit Outsourcing
JC Jones is a full service internal audit outsource partner, including, data analytics, fraud/forensic audits, cybersecurity assessments, SOX compliance, internal control testing and operational audit. Our client list ranges from large privately held companies to IPO registrants to multi-billion and multinational public companies.Learn More
IT General Controls
Risk based focus on information systems and technology is core to our strategy. Our professionals are trained in computer aided audit techniques (CAAT) such as ACL and Microsoft Access.Learn More
Enterprise Risk Management
JC Jones offers Risk Management services to ensure an entity comprehensively and systematically incorporates risk evaluation as part of developing and executing its strategy.Learn More