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sideLook Consulting, LLC

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Title: sideLook Consulting, LLC


1
sideLook Consulting, LLC
  • Internal Audit for Public and Private Companies

2
Definition
  • Internal auditing is an independent, objective
    assurance and consulting activity designed to
    add value and improve an organization's
    operations. It helps an organization accomplish
    its objectives by bringing a systematic,
    disciplined approach to evaluate and improve the
    effectiveness of risk management, control, and
    governance processes.  The Institute of
    Internal Auditors

3
Here to Help
  • Identify Risks
  • Find Better Ways and Best Practices
  • Partner With You to Find Solutions
  • Prevent Problems.

4
Report to the Audit Committee
  • Ensures independence.
  • Dotted line reporting to the CFO to elevate
    issues to a level where they can be corrected.
  • Keeps the Board informed.
  • Audit Committee meets quarterly.

5
Risk Based Audit
  • Focus on risk of occurrences that could prevent
    the Company from achieving its goals.
  • There are many types of risk fraud, improper
    reporting, ineffective or inefficient use of
    resources, credibility loss, etc.
  • Focus on areas with high risk and high
    probability that controls are not in place or are
    weak.

6
Audit Plan
  • Risk based audit plan developed with input from
    across Company Management.
  • Risk factors
  • Impact
  • Probability
  • Controls

7
Audit Universe
  • Develop an Audit Universe
  • Financial Risks
  • Subsidiary reporting, equipment
  • Technology Risks
  • Accounting/reporting Systems
  • Managerial Risks
  • Delegation of Authority, Policies and Procedures
  • Behavior Risks
  • Work environment, communication and information
  • Legal Risks
  • Sarbanes Oxley, FCPA, Dodd Frank

8
Fraud
  • Assist in the investigation of whistle blower
    complaints and other allegations of misconduct.
  • Assist with the Ethics and FCPA awareness
    training.

9
Contact Information
  • Gary Berrigan
  • gary_at_sideLookLLC.com
  • sideLook Consulting, LLC
  • Telephone 917-306-2134
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