DLA’s Internal Audit practice’s core focus has been to offer companies Outsourced or Co-sourced Internal Audit, Sarbanes-Oxley (SOX) compliance, in addition to risk management and compliance support. Our suite of services enables clients to leverage our expertise in order to establish efficient controls, leading-edge practices, and a reliable internal audit program. Our extensive internal audit experience allows us to create tailored programs that are industry-specific and risk-based.
Internal Audit Services
AML and Bank Secrecy Act Compliance
DLA partners with its clients in a cost-effective manner to ensure that they can keep pace with the challenges of Anti-Money Laundering compliance. DLA provides a wide variety of consultative services designed to assist an organization in all aspects of Anti-Money Laundering (“AML”)/Bank Secrecy Act (“BSA”) compliance.
Cost overruns or lost potential savings due to poorly written contracts, contractor billing errors, and mismanagement of project changes are major risk factors to consider when managing construction projects. Our team of construction audit specialists are well-versed in the operational and financial aspects of construction management and assist owners and developers in avoiding overbillings and identifying cost savings.
Enterprise Risk Management and Governance
Enterprise Risk Management (ERM), is the process of managing the activities of an organization to minimize the risk of its strategic initiative’s capital and earnings. ERM includes risks not only associated with accidental losses but also with financial, strategic, operational and compliance issues.
The COSO 2013 Framework requires companies to consider the potential for fraud in assessing risks to the achievement of its objectives. In evaluating the risk of fraud, companies are required to consider various types of fraud, such as incentives and pressures, opportunities, attitudes, and rationalizations.
Being prepared for the demands placed on a public company prior to an IPO is crucial. At DLA, we provide IPO readiness services to ensure that the presentation of financial statements and other financial data meet all disclosure requirements. Typically, pre-IPO companies need to create an organizational and back-office infrastructure with the appropriate internal control and regulatory compliance structure required for publicly traded companies.
IT compliance is an integral component of every DLA internal audit process and is managed by an experienced Technology Advisory Services team.
At DLA, we instill confidence in our clients by providing insightful advice on operational processes. We achieve this by staffing a multi-faceted team focused on ensuring compliance with formal and informal policies, procedures and controls while also adding value by sharing leading practices.
Outsourced / Co-Sourced Internal Audit
At DLA we have highly experienced internal audit specialists who come from varying backgrounds in both operational and audit roles. With expertise and deep knowledge across a variety of industries including financial services, real estate and construction, technology, healthcare, pharmaceutical, manufacturing and consumer products. We provide a value-added internal audit function that has proven exceptionally effective in providing assurance to the board of directors and audit committees as well as maximizing independent auditor reliance on our work.
Process & System Optimization
Process and Systems Optimization involves the assessment of people, process and technology from a strategic perspective. At DLA, we design sustainable and effective processes to maximize opportunities.
Companies today are up against incomparable obstacles in the face of an explosion of complex financial and operational regulations. Scrutinizing and managing compliance with these laws can not only be all-consuming but often daunting as constant monitoring of regulations can be overwhelming. However, the cost of non-compliance, is significant, ranging from fines to irreparable damage to your firm’s brand reputation.
SOX Compliance & Controls Evaluation
We collaborate with management to create and implement a unique approach to corporate governance controls, SOX Sections 302/404 compliance and other regulatory requirements. We extend this approach to the operating, technology, software and process areas to expand SOX into a sustainable business process and have an effective transition plan to minimize disruptions to new clients.