Our team of auditors understands the unique and complex aspects required in a construction audit. An audit of your project will look for cost recovery opportunities, provide a performance assessment and examine areas for improvement with internal processes and controls.
An independent internal audit can add value to your organization and improve its operations. Through objective evaluation of your risk management, internal control and corporate governance processes, BKD can help you reach compliance objectives or recommend actions for improvement.
BKD offers a risk-based, process-driven approach tailored to your company and needs. An assessment to evaluate readiness, risk or other needs may first be performed to help BKD design an audit plan that is both compliant and can provide direction to company management on how to best allocate resources.
Reviews & Co-Sourcing
While BKD can outsource your entire internal audit function, we also work with your existing internal audit department to co-source services when additional resources or specialized knowledge is required. We also can perform quality assessment reviews of your internal audit department to help add credibility to your organization.
Working with Public Companies & Financial Institutions
While our internal audit teams serve a variety of industries, public companies subject to Sarbanes-Oxley (SOX) compliance and financial institutions—particularly those subject to the Federal Deposit Insurance Corporation Improvement Act of 1991—require specific experience to be effective. Financial institution services often are combined with related regulatory or loan review services as well. We regularly assist clients with their SOX compliance and in meeting their general control environment assessment needs.
Adding Regulatory & Reimbursement Knowledge in Health Care
When providing services to specialized organizations, such as in health care, our integration with other teams increases our value proposition for our clients. Our experience in health care in particular helps us appreciate the systems health care organizations generally deploy and our deep bench of reimbursement and regulatory specialists helps us bring the right perspective to your overall organizational needs.
Information Technology Considerations
BKD has a robust set of integrated and standalone IT services, often making a conversation with a client critical to help identify the right scope of work to be performed. Activities such as risk assessment and testing of general and application-level controls generally are integrated with our overall internal audit work or could be provided as a separate assessment for a client. Beyond those assessments, our related services include system selection, penetration testing and IT outsourcing.
Other Specific Services
In addition to internal audit outsourcing and regulatory and other consulting, other services performed by our team include testing and reporting for:
- System and Organization Controls (SOC) 1, 2, 3 and SOC for Cyber
- Vendor Audits/Reviews
- Risk Assessments, including IT Audits
- Operational Assessments
- Performance Reviews
- Construction Audits/Reviews
Organizations across industries have outsourced processes to cut costs, create efficiencies or remove noncore functions. These relationships are usually governed by contracts. No matter how good your internal controls are, however, you’re still at risk for significant losses. BKD's vendor audit services can help address these concerns and give you peace of mind. Vendor audit services include service-level agreement audits, construction audits, joint venture audits and vendor contract audits.