General Financial Audits
ARI is a boutique auditing firm that is also fully equipped to provide standard auditing services for businesses around the glove. Compliment your custom review with traditional business audits to cover more areas of your financial statements.
Full Coverage
No matter how much profit is recovered through ARI’s custom-built audits, there may be other areas of your business where profit is still being lost. The key to optimizing a recovery audit is a review of both suspected problem areas as well as areas where internal controls are the most heavily refined. Increase your organization’s recovery potential and confirm the efficacy of your internal controls through selecting additional areas for ARI to audit.
Statement Audit
A standardized audit is less efficient but comparable in valuable to a specialized audit. While each type of review is likely to identify recoverable profits, a standardize audit is best suited for quick and transparent recovery. Conducting a statement audit in conjunction with other specialized routines allows for a significantly improved opportunity to recover additional losses.
Performing a review of vendor/supplier statements in conjunction with other audits is one of the best methods for identifying potential weaknesses in the transaction process and for maximizing client recovery. This strategic analysis is designed to expose patterns of errors that may exist on a vendor-by-vendor basis and thereby allowing for a greater ability to resolve the error’s underlying cause.
In performing this valuable form of review, ARI evaluations all vendor statements pertaining to transactions between vendor and client to validate the anticipated result. Through this process, ARI identifies potential claims resulting from credits associated with the transaction and generate claims for the recovery thereof. Because this claim generation process is more straightforward than most other claim types, a statement audit tends to be one of the fastest ways to recover mislaid money.
Duplicate Payment Audit
Similar to auditing statements, auditing for duplicate payments is another way our clients are able to quickly recover significant portions of missing profit. ARI’s expertise in this area not only generates a larger potential return, but also increases the accuracy of claims. ARI is able to achieve larger, more accurate returns through using all data fields and by comparing all fields on a one-to-one and one-to-many basis. Our process quickly identifies potential claims based on:
- Split payments or offsetting transactions
- Cash receipt data comparison
- Confusion of vendor identifiers
- Vendor specific trends
Complete your custom ARI review by complementing it with a duplicate payment audit. Engaging ARI for a duplicate payment review gains your business an additional layer of protection against overpayments caused by:
- Transposition or mis-keyed data entries
- Differing transaction amounts
- Data field format entry inconsistencies
- Illegal character use per data field
