Internal Audit

A truly comprehensive view of risk management requires looking not just out, but in. Organizations must identify and address challenges – and opportunities – within their own walls and operations, resulting from growth, economic issues, workforce shortages, crisis management, and the complexity of ever-changing compliance requirements. For public companies, or those looking to go public, these challenges only multiply.

Our services help organizations develop an entity-wide risk-aware culture that maximizes effectiveness of existing processes, control environments, and compliance activities to decrease the likelihood of disruptions and increase stakeholder confidence.

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DEEP INDUSTRY, RISK, AND INTERNAL CONTROL EXPERIENCE

CohnReznick’s Internal Audit and Compliance, Sarbanes-Oxley (SOX) Compliance, and Internal Controls Advisory services provide foundational value to our clients. Our governance services are agile, delivered in a forward-thinking manner and geared toward improving organizational control and compliance activities and increasing efficiencies. Coupled with our deep industry, risk, and internal control experience, this agile service delivery model results in consultative guidance and knowledge transfer that goes beyond the services being provided.

Our professionals navigate complex regulatory landscapes and control environments and stay abreast of evolving regulatory guidelines to deliver high-quality services that meet the highest professional standards.

Attest services are provided through CohnReznick LLP, and tax and advisory through CohnReznick Advisory LLC.

Internal audit and compliance advisory

CohnReznick’s internal audit and compliance advisory services are value-added, consultative, independent, and built on leading professional standards and frameworks such as the IIA, COSO, GAGAS, and ISO. What’s more, we tailor our services to our client’s strategies, objectives, business drivers, corporate structure, culture, and industry-specific compliance requirements. We aim to create value by optimizing processes, technologies, and skillsets that increase stakeholder confidence, drive improvement, and create a foundation for knowledge-based decision-making. Offerings include:

Internal audit or compliance function development

Full internal outsourcing, co-sourcing, or staff augmentation

Quality control or quality assurance reviews

Engaging on specific highly focused audits, assessments, or initiatives

Fraud-related risk assessment and audits

Whistleblower complaint investigations

A full suite of information technology and cybersecurity services

Assistance in driving governance, risk, and compliance (GRC) technologies into current operational activities

Board and audit committee training

Internal Audit Quality Assessment (QAR) reviews

SOX compliance and controls advisory

CohnReznick’s SOX compliance and controls advisory services enable organizations to establish and sustain an efficient program at every stage of the compliance journey:

Privately owned entities considering an exit through IPO or acquisition

Public companies migrating from SOX 404a to 404b

Established large accelerated filers

And other unique situations

We have the depth and breadth of experience needed to quickly identify meaningful control gaps and put into action right-sized remediation plans that address the gaps to the satisfaction of all stakeholders, including external audit service providers and PCAOB regulations and guidance.

Our cost-effective solutions help private and public companies remediate control deficiencies and improve their internal control environment while optimizing the use of technology.

IT audit, assurance, and compliance

Compliance readiness and assessment – CMMC, DFARS, SCRM, FedRAMP, GDPR, PCI DSS, HIPAA, MAR, NIST, FISCAM, OMB A-123, FISMA, information assurance, SOC reports

IT audit and assurance support

Risk remediation and mitigation, including controls implementation