An independent look at how the work actually gets done
Internal audit answers a different question from the statutory one. Not "do the accounts show a true and fair view" but "is anyone checking that the person raising the purchase order is not also approving the payment".
We are appointed by you and report to you. Where the Companies Act requires a formal internal auditor under s.138, the appointment is made by your Board.
Areas we review
- Purchase to payment
- Order to cash
- Payroll and reimbursement
- Inventory and stores
Areas we review
Purchase to payment
Ordering, receipt, three-way matching and vendor payment — where the most common leakage sits.
Order to cash
Billing accuracy, credit control, collection follow-up and credit note authorisation.
Payroll and reimbursement
Headcount to payroll agreement, statutory deductions and expense claim controls.
Inventory and stores
Physical verification, valuation, slow-moving stock and write-off authority.
Cash and banking
Cash handling, bank reconciliation discipline and segregation of duties.
Statutory compliance calendar
Whether the filings that should have happened actually happened, and on time.