Name: Baker Tilly
Price range: $

Why?

An effective internal control system is the foundation of a well-managed organization – it supports business objectives, mitigates operational and financial risks, ensures regulatory compliance, and fosters a culture of accountability. Internal audit provides an objective assessment of whether processes, procedures, and oversight mechanisms function as intended and helps identify areas for improvement. In regulated entities – such as those subject to SOX requirements – it is a mandatory element, while in others, it is increasingly recognized as a hallmark of good corporate governance.

For whom?

We work with:

listed companies and entities subject to the Sarbanes-Oxley Act (SOX),
firms seeking to implement or improve their internal control systems,
organizations adopting internal audit as an advisory and control function,
management boards and supervisory boards seeking a thorough risk and internal process assessment,
businesses preparing for organizational changes, acquisitions, IPOs, or investments.

How?

We conduct internal audits independently, following recognized standards and methodologies – including SOX requirements and corporate governance best practices. Together with the client, we define audit objectives, analyze the control environment, identify key risks, and assess the effectiveness of existing oversight mechanisms. Where necessary, we support the design of new solutions and provide team training.

Our services include, among others:

analysis of the internal control environment,
risk identification and analysis,
review of key business processes,
detection of inefficient control systems,
review of internal procedures,
evaluation of the effectiveness of existing internal controls,
assistance with implementing internal audit functions within organizations,
preparation of SOX-compliant documentation,
support in setting up internal audit departments,
internal training for audit team members,
recommendations and advice on internal control practices.