Our client, a leading transportation and logistics company, faced growing concerns about the adequacy of internal controls within its accounts payable processes. Leadership needed a clear understanding of process gaps and associated risks to ensure operational integrity and regulatory compliance.
We conducted an in-depth audit, including onsite workshops and interviews with key personnel. Our team mapped existing processes, evaluated internal control design and performance, and assessed segregation of duties. We also tested disbursements, invoice processing, vendor data changes, and system access. Additional technology reviews included authentication, backups, automated controls, and administrative privileges.
The audit revealed several control weaknesses and operational risks. We delivered actionable recommendations to address these problems that the client immediately began implementing across its AP function. Pleased with the insights and value provided, the client engaged us for a similar audit of their accounts receivable function.
