Operational Auditing
Burke Consulting provides the internal audit services that can assist companies in operating more efficiently and effectively in the areas of:
- Annual and strategic planning.
- Capital budgeting.
- Sales order entry.
- Research and development expenditures.
- Procurement and purchasing.
- Warranty accounting.
- Subcontracting of goods and services.
- Cash and treasury management.
- Inventory and production control.
- Accounting recordkeeping efficiency.
- Accounts payable.
- Fraud review.
- Accounts receivable.
- Operational reviews for acquisitions, divestitures,or mergers.
- Cost accounting.
Activites
- Advising and assisting in the development of operational audit methodologies.
- Providing operational audit resources for solutions, including full outsourcing or complementing in-house functions with specialist skills or geographical coverage.
- Supporting operational audit functions with software to enhance and support the operational audit activity, and developing training for internal auditors, using the extensive market and industry knowledge of Burke Consulting to create highly tailored solutions.
Benefits
- Reduce operations and administrative expense.
- Increase accuracy of forecasts and estimates.
- Increase customer satisfaction.
- Effect smoother operational and financial transitions.
- Improve safeguarding of physical assets.
- Increase asset turnover.
- Decrease susceptibility to fraud schemes.
- Improve the timeliness of operational reporting for management decision-making.
Examples of Engagements
- Purchasing and procurement audits.
- Audits concerning acquisitions, divestitures and mergers.
- Vendor audits.
- Evaluation of cost estimating processes.
- Royalty audits.
- Verification of financial and operational metrics.
- Audit of contractor bids and awards.
- Development and attainment of strategic planning objectives.