Comprehensive Recovery, Completely Reimagined

Audit Resource, Inc. – a contemporary audit firm that realizes the return is only part of the equation. Recovering lost profit should never come at the cost of vendor relationships; preventing future losses should take precedence over recovery. ARI is designed to instantly add comprehensive value beyond the bottom-line numbers.

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Built Differently, Built Better

Audit Resource, Inc. (“ARI”), a for-profit corporation headquartered in West Palm Beach, Florida, offers individualized AP audits and a wide variety of other specialized and standardized auditing services.
Formed in 2003 by the company’s current president, who – having spent the previous several decades managing multiple, large-scale business audits and providing database manipulation for numerous other entities – designed ARI to break free from institutionalized audit practices that consistently fail to satisfy client expectations.
Realizing no two clients are the same, ARI continues to expand its highly skilled group of professionals to provide a boutique-esq audit experience that is superior to the boilerplate review performed by conventional auditing firms.

We See Data Differently

Auditing Doctrine

Flexible, Focused Review.

Guidance vs. Rules

Summarily, the Generally Accepted Accounting Principles (“GAAP”) supply a basic framework for performing an AP audit. Each state, however, may modify or apply GAAP’s guidance differently. And, while the Sarbanes-Oxley Act of 2002 requires certain public companies to perform an annual AP audit, the vast differences between companies – annual revenue, industry, financial reporting calendars, etc. – have precluded a comprehensive AP auditing framework from promulgating. As a result, auditors have great license to design AP reviews based on the unique size and shape of a business and desired depth of review.

Basic” vs. “Better” AP Audits

The most simplified definition of a successful audit is a thorough review of an organization’s transactional data for mistakes. Due the quasi-standardization of AP audit procedure, most AP auditors perform this basic audit: a one-size-fits-all review that satisfies governmental requirements. This style of review only looks backward in time because it does not attempt to diagnose or cure the underlying cause of the errors. Whether performed internally or outsourced, this minimalistic audit yields minimal results and often leaves client money on the table.

A better audit is predicated on a clearly defined, precise audit plan, designed to accommodate the distinctive aspects of a business during the review process – e.g. size, industry, internal controls structure, volume of transactions, etc.. Guided by the client’s specific directives, the better audit delivers more than a greater opportunity for reclamation, including:

- Greater accuracy in claim identified
- Increased speed of actual recovery
- Reduced time client’s employees spend uncovering erroneous transactions
- Reduced cost-per-claim generation
- Reduced friction between client and suppliers via transparent, planned reconciliation

Even so, the “better” audit remains ill equipped to reduce/prevent future error occurrences because it lacks the initiative to cure the underlying cause.

The “Best” AP Audit – The ARI Audit

At ARI, we pride ourselves on providing the best audit available. Our approach to AP audits provides the greatest opportunity for recovery because we, unlike most audit firms, do not stop looking once 80% of the easily recoverable dollars are identified.

Beginning with a global approach and then drilling down into the data vendor by vendor allows ARI to create valid claims that are correct “to the penny.” Throughout this process, continual communication with the client facilitates real-time adjustment to the auditing approach and ensures that the audit remains within the client’s parameters. Claim monitoring during the identification/generation phase to the recovery phase guarantees a comprehensive review that “digs deeper” into the data and uncovers trends that lead to more recoverable dollars.

Summarily, our superior ability to manipulate data provides our client’s with the greatest opportunity for recovery while the insights generated through our review process reduce the risk of future losses. This is what we call The ARI ADVANTAGE.

Unintimidated by Complex Data

No matter how large or diverse your data may be, ARI can handle it. Our suite of proprietary software enables us to spend less time arranging the data into a workable form and more time on recovering dollars for your organization. We will work directly with your IT department to facilitate the least intrusive and most efficient manner to get your data ready for review. Our data experts have vast experience working with various data sources and are able to work with your data in nearly every format – from email to Excel, Access to text, and PDF to SQL to name a few. More impressively, our experts are well versed in handling all kinds of outputs from different Enterprise Resource Planning (“ERP”) platforms, such as: