Manufacturing Company - Internal Audit Consulting, Canton, OH

Manufacturing Company - Internal Audit Consulting, Canton, OH.jpg

PBC Global was asked to complete an assessment of the internal audit control environment at several plant locations of a manufacturing company, headquarters located in Canton, Ohio.

Internal Audit Consulting Services Requested By:

Director of Internal Audit

Solution:

A General Internal Control Audit covering:

  • Cash
  • Accounts Receivable
  • Inventory
  • Fixed Assets
  • Other Assets (Intangibles, Prepaids, Deposits)
  • Accounts Payable
  • Accruals
  • Intercompany Reconciliations
  • Human Resources and Payroll
  • Month End Close Process and Financial Reporting
  • Plant Tour and Safety Analysis

Audit included gaining an understanding of each process through inquiry and observation producing narratives and walkthroughs and leading to detailed testing and full documentation through a series of workpapers.

Results/Deliverables: 

  • A detailed Findings spreadsheet was compiled listing the areas needing improvement and our recommendation for remediation
  • A full detailed report including background of the plant, location financial statistics, IT systems used, organizational analysis and overall internal audit conclusion
  • Management meeting to ensure proper understanding of the findings and recommendations and to set a timetable for follow-up procedures
  • A summary report was provided to the Audit Committee including the findings, recommendations and an overall rating of the control environment

Location: Canton, OH - 44720

Please contact us today to discuss your Internal Audit: 
Patrick Brogan, President
CPA, CIA, CFE

PBC Global
440.915.1180