The regulatory and technological environment is becoming highly complex, requiring internal audit and compliance staff to spend a significant amount of time identifying, understanding, and becoming proficient at a wide variety of technical functions. It is difficult for a small staff to maintain the appropriate knowledge base for all facets of their industry. CB&H’s key internal audit and compliance outsourcing staff have a breadth of knowledge across a number of industries.

Outsourcing can be more cost-effective than employing internal staff. By outsourcing, you eliminate the costs of salaries, benefits, vacations, holidays, social time, training and supervision. You pay for professional services only – 100% of your costs go to completing internal audits and compliance matters.

We work with management to identify the compliance issues and internal audit areas that represent the highest risk to the organization and focus detailed testing in these areas. This approach allocates more of our client's outsourcing dollars to the most important issues, and reduces the overall risk. Outsourcing is not meant to replace management’s responsibility for the monitoring of internal controls of the organization. We view outsourcing as a support mechanism by which we provide ongoing review and reporting to management and the Audit Committee. We schedule our work so that it is not disruptive to operations or burdensome to management and staff, and provide valuable feedback to management and the Audit Committee. To maintain independence and objectivity, we are not involved in management decision making.

As your internal auditor, we perform a number of duties including: