Internal Audit Services

With an ongoing Sarbanes-Oxley compliance program now in place, many companies are ready to get back to business and focus on other risk areas in 2007.

Internal Audit's emergence as an integral part of the control process has been accelerated by a number of high profile financial scandals which have resulted from fundamental weaknesses in the internal control environment. MorganFranklin has a dedicated internal audit team with the knowledge and experience to provide a full range of internal audit services comprising financial, operational and IT services. Our internal audit services include:

• Internal Audit Outsourcing — Under this arrangement, MorganFranklin provides all internal audit personnel, generally at the direction of a sole company head of internal audit, in a variety of risk areas including SOX compliance, IT Risk Services or traditional business process operational audits.
• Internal Audit Co-Sourcing or Staff Augmentation — Under this arrangement, MorganFranklin supplements missing skill sets, helps with peak periods or owns certain areas of a company's annual audit program by providing internal audit personnel to supplement an existing internal audit department.
• Risk Assessments — Whether taking a fresh view of a company's existing internal audit plan or helping a company to create their first risk-based plan, MorganFranklin can help to identify and prioritize the focus of the annual audit plan to provide the best risk coverage. We can also ensure that the controls identified in the plan provide the best approach to mitigating the associated risks.
• IT Audit Services — The services described under IT Audit and Technology Risk services can be provided as a part of an ongoing internal audit plan or on a project basis.
• Audit Committee Advisory — With the ever increasing expectations being placed on audit committees, we can provide advisory services directly to the committee regarding plan validation, assistance with technical accounting or control evaluations, and advice on committee governance.